Through its malls, SM Prime remains to be a catalyst in nurturing start-up businesses evident with SM’s aggressive expansion over the last two decades. Over the years, SM Prime has become a key partner for most retailers in the Philippines. It has 19,562 tenants in the Philippines and 1,856 tenants in China. Combined, the company has about 10.4 million square meters of Gross Floor Area (GFA). Today, SM Prime has become one of the biggest mall operators in Southeast Asia. The management of the malls is now handled by subsidiary Shopping Center and Management Corporation (SCMC). Malling has become a way of life for millions of Filipinos as more SM Malls were opened in Metro Manila and provincial areas. However, it was in the early 90’s when the “malling phenomenon” became apparent with the opening of SM City Sta. SM Prime started its mall development business in 1985 with the opening of SM North EDSA. SM Supermalls is owned by SM Prime Holdings, Inc., the Philippines’ biggest developer, operator and owner of world-class malls - 82 in the country and 7 in China.
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