SM Supermalls started in 1985 with the opening of SM North EDSA. However, it was in the early 90’s when the “malling phenomenon” became apparent with the opening of SM City Sta. Mesa in 1990 and SM Megamall in 1991. Since then, malling has become a way of life for millions of Filipinos as more SM Supermalls were opened in Metro Manila and provincial areas.
To date, SM Supermalls is the biggest developer, operator and owner of world-class malls in the Philippines. SM Supermalls has a total of 58 malls in the Philippines and 6 malls in China, totalling a combined Gross Floor Area (GFA) of 8.4 million square metres.
Over the years, SM Supermalls has become a key partner for most retailers in the Philippines. With over 19,000 tenants in the Philippines and in China, SM Supermalls remains to be a catalyst in nurturing start-up businesses evident with SM’s aggressive expansion over the last two decades.
SM Supermalls’ healthy relationship with its tenants is the key to the development and growth of most retailers. These small to medium-scale enterprises (SME) in the Philippines, are considered to be the backbone of successful global economic developments. These SMEs are now major contributors to the overall growth in the Philippines through new investments and job creations. SM Supermalls continues to provide opportunities to start up retailers that offer innovative concepts and unique ideas that cater to the evolving needs and wants of millions of shoppers in the Philippines and in key cities in China.
SM Supermalls is owned by SM Prime Holdings, Inc. SM Prime is a publicly-listed company and is one of the largest integrated property developers in Southeast Asia.