Premier SM Mall, First in DAVAO
Target Opening date within 2012
Developer SM Prime Holdings
Management SM Prime Holdings
Owner Henry Sy, Sr.
Total retail floor area 175,000 m²
No. of floors 3 floors
SM Lanang Premier is a planned mall owned and operated by SM Prime Holdings, the largest mall operator in the Philippines. The mall will be located at J.P. Laurel Avenue, Lanang, Davao City, and it will be the second SM Mall in the city.
SM Lanang Premier will be erected within the land area of 640,000 sq.m. and the mall itself will have a Gross floor area of 175,000sq.m.;It is twice the size of SM City Davao which only has a land area of 132,000sq.m. and gross floor area of 75,440 sq.m. The Mall is expected to open within this year 2012.
This is the first premier SM Mall in the Philippines with an state of art design. Mr. Henry Sy as the number one business tycoon in the country is always finding ways to build jobs in every cities. As Davao City choosen to be the first among the cities in the Philippines given the opportunity to have its own state of the art mall in the north area of Davao, it shows that the city becomes more vibrant in challenging other business tycoons while economic stability getting stronger.
Davao City is also known to be the center trade city among the cities in the island of Mindanao. Neighboring cities and other places are one of the target markets in every establishments that Davao City has. The fast economic growth in Davao inspires other cities in Mindanao to invite more investors to invest.