Integrated property giant SM Prime Holdings Inc. will open its first mall in the province of Camarines Norte on Friday, further expanding its reach in the Bicol Region.
SM City Daet – the company’s third mall in the Bicol Region – will add 47,000 square meters of gross floor area (GFA) to its leasable portfolio.
The new three-level mall will open with more than 70 percent of space lease awarded.
SM Prime president Jeffrey C. Lim said the mall is set to bring new flavors and colors in the Bicol Region.
“The opening of SM City Daet marks another milestone for SM Prime as we continue to weather the impact of the COVID-19 pandemic. We hope that the opening of this mall, with safety protocols in place,will provide convenience, comfort and entertainment to our fellow Bicolanos in Camarines Norte,” Lim said.