SM Prime boosts 2022 capex to P80b to build malls, condos
(World News Austria)

SM Prime Holdings Inc., a leading integrated property developer, allocated P80 billion in capital expenditures this year to finance the rollout of more malls, residential projects and land banking activities. SM Prime said in a recent investor presentation said it was planning to open four new shopping malls and expand five existing ones that would add around 300,000 square meters of gross floor area to the company`s mall portfolio. The four new malls are SM City Roxas...