citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2012 learn how and when to remove this template message sm prime holdings type public company traded as pse smph industry property shopping malls and retailing founded manila philippines 1958 ; 58 years ago 1958 headquarters pasay city philippines number of locations 57 malls as of may 13 2016 area served philippines china guam key people henry sy sr. founder chairman and ceo parent sm investments corporation website sm prime holdings sm prime holdings inc. or sm prime is the parent company of the sm group s shopping malls . it is the largest shopping mall and retail operator in the philippines . it was incorporated on 6 january 1994 to develop conduct operate and maintain the sm commercial shopping centres and all businesses related thereto such as the lease of commercial spaces within the compound of shopping centres . it later went public on july 5 1994 and subsequently grew to become the largest company listed on the philippine stock exchange in terms of revenue . as of 2007 sm prime holdings became one of the largest shopping mall chains in the world . the company s main sources of revenues include rental income from mall and food courts cinema ticket sales and amusement income from bowling and ice skating . currently it has 57 operating malls totalling a gross floor area of 5.5 million square meters located in the following locations metro manila baguio city pangasinan cauayan city central luzon cabanatuan city bulacan pampanga and angeles city tarlac and olongapo city calabarzon cavite laguna batangas rizal and lucena city naga city visayas iloilo city bacolod city and cebu city and mindanao davao city cagayan de oro city and general santos city . on april 2 2008 sm investments corp. the parent company to sm prime announced that it would participate in a 1 billion casino project in manila . the 40 hectare bagong nayong pilipino manila bay integrated tourism project consists of a casino hotels shopping malls and other entertainment facilities . 1 in july 2012 sm partnered with lawrence ho of macau based melco international development the son of casino magnate stanley ho and james packer the son of the late australian media giant kerry packer to proceed with the new casino development which is expected to capitalize on a growing middle class and increased tourism . 2 contents 1 history 2 malls 2.1 philippines 2.2 china 2.3 pacific islands 3 standalone department stores 4 commercial properties group 5 residential properties 6 hotels and conventions 7 see also 8 references 9 external links history edit sm city north edsa the first sm supermall in the philippines the roots of sm date back to the 1950s when entrepreneur henry sy sr. established a shoe store in carriedo the then central business district of manila . his aggressive and adamant strategy helped him gain large profits within a few years and he later expanded his business in quiapo to become a fully functioning department store named shoemart specialising in the sale of shoes the sector of which the store originally was . shoemart was later abbreviated to sm and became commonly known as sm or shoemart by the locals . the sm in carriedo was later abandoned and moved in the present site in quiapo near the manila lrt line 1 . the old site was demolished in 1982 and was turned into its clearance outlet . the first sm supermall sm city north edsa was opened in 1985 and started the philippine malling phenomenon citation needed . sy observed the malling hobby of filipinos and opted to make every sm supermall like an amusement park . all sm supermalls contain at least one or more amusement facilities such as cinemas bowling centers convention centres and game arcades . located in several cities and areas in metro manila as well as major provincial cities each sm is easily accessible and situated by places of public interest churches schools major roads highways etc. . sm opened its first department store outside metro manila sm delgado in iloilo city in 1979 and was relaunched in 2004 . on may 21 2006 sm opened the sm mall of asia . on may 17 2013 sm opened the sm aura premier . the same year the company announced a merger with sm land which owns sm development and commercial properties group . as a result upon approval by securities and exchange commission sm prime is one of the largest property companies in the southeast asia region competing with gokongwei led robinsons land which owns robinsons malls and tan led megaworld corporation . 3 malls edit philippines edit main article sm supermalls china edit name opening floor area m location sm city xiamen december 13 2001 700512600 0000000000 126 000 2f sm city no468 jiahe road xiamen city fujian china sm city jinjiang november 26 2005 700517000 0000000000 170 000 fu pu sm international square jinjiang city fujian china sm city chengdu october 20 2006 700517600 0000000000 176 000 sm city chengdu no. 29 section .2 of 2nd ring road chengdu city sichuan china sm lifestyle center october 30 2009 700510994 7000000000 109 947 3f sm lifestyle center no468 jiahe road xiamen city china sm city suzhou september 23 2011 700469275 0000000000 69 275 no. 1109 yuehu road wuzhong district suzhou city jiangsu china sm city chongqing december 14 2012 700514632 3000000000 146 323 no. 148 songshi avenue ranjiaba yubei district chongqing city china 401120 pacific islands edit sm store guam 42 000 sq ft 3 900 m2 . opened 2006 in the agana shopping center in guam which sm also bought and repaired after it was severely damaged by a typhoon . it is the 1st sm store on us territorial soil since a previous attempt in the 1970s before sm had grown into a retail giant . 4 standalone department stores edit the sm standalone department stores are some of the first department stores before it grew into a big business . name opening location sm quiapo clearance store november 1972 carriedo st. quiapo manila sm makati flagship store september 1975 ayala center cor . edsa makati city metro manila sm cubao october 1978 araneta center cubao quezon city metro manila sm delgado iloilo may 1979 valeria street cor . delgado street iloilo city iloilo sm harrison october 1984 adriatico st. malate manila commercial properties group edit this section is empty . you can help by adding to it . july 2015 residential properties edit this section is empty . you can help by adding to it . july 2015 hotels and conventions edit this section is empty . you can help by adding to it . july 2016 see also edit philippines portal companies portal sm supermalls the sm store list of shopping malls in the philippines list of largest shopping malls in the philippines references edit inquirer.net sm joins 1b casino project alliance gains on star cruises tie up macau s melco in 1 billion philippine casino project sec approval of amendment to plan of merger bet . smph and sm land pse.com.ph http www.accessmylibrary.com coms2 summary 0286 19986283 itm sm tycoon opens small guam outlet external links edit sm prime holdings wikimedia commons has media related to sm prime holdings . v t e sm prime holdings shopping malls lifestyle cities north edsa clark mall of asia seaside city cebu premier malls megamall southmall cebu lanang premier aura premier philippine malls sm city santa mesa bacoor fairview iloilo manila pampanga sucat davao cagayan de oro bicutan lucena baguio marilao dasmari as batangas san lazaro molino santa rosa lipa bacolod taytay marikina rosales baliuag naga rosario tarlac san pablo calamba novaliches masinag olongapo consolacion san fernando general santos bf para aque cauayan san mateo cabanatuan san jose del monte trece martires philippine malls sm center valenzuela pasig muntinlupa las pi as angono sangandaan philippine malls others acquired megacenter cabanatuan market malls dasmari as speciality the podium philippine malls future butuan caloocan dagupan east ortigas tuguegarao legazpi puerto princesa roxas urdaneta zamboanga future premiere malls cdo2 premier chinese malls operating xiamen xiamen jinjiang chengdu lifestyle center suzhou chongqing chinese malls future zibo tianjin residential properties sm development corporation sm residences m place tagaytay highlands hamilo coast commercial properties office buildings e com centers onee com center twoe com center threee com center foure com center fivee com center sm makati cyber one sm makati cyber two cyber west north edsa event venues mall of asia arena hotels and convention centers megatrade hall pico sands hotel hamilo radisson blu hotel park inn by radisson taal vista hotel smx convention center pasay aura taguig lanang davao bacolod key persons & related articles henry sy sr. sm investments teresita sy coson v t e pse composite index companies of the philippines ayala aboitiz equity ventures alliance global ayala land aboitiz power bdo bloomberry resorts bpi dmci edc emperador first gen globe gt capital ictsi jollibee jg summit lt group metrobank megaworld meralco metro pacific petron pldt robinsons land semirara mining sm investments san miguel sm prime universal robina retrieved from https en.wikipedia.org w index.php title sm prime holdings & oldid 744578237 categories companies established in 1958companies of the philippinesshopping property management firmssm prime holdingscompanies listed on the philippine stock exchangecompanies based in pasayhidden categories articles needing additional references from december 2012all articles needing additional referencespages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from february 2007articles to be expanded from july 2015all articles to be expandedarticles with empty sections from july 2015all articles with empty sectionsarticles using small message boxesarticles to be expanded from july 2016articles with empty sections from july 2016commons category with page title same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages winaray edit links this page was last modified on 16 october 2016 at 04 23 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view