Posted on March 27, 2015 08:13:00 PM [ BusinessWorld Online ]
SM DEVELOPMENT Corp. (SMDC), the
residential arm of SM Prime Holdings, Inc., on Friday said it opened the mall
component of Light Residences in Mandaluyong City.
Light Mall has a leasable area of
12,672 square meters (sq.m.), and is the fourth mall in the company’s portfolio
after Jazz Mall in Makati City and Sun Mall and MPlace Mall in Quezon City, the
company said in a statement.
It is the first SMDC mall to offer a
digital cinema to residents, with three 100-seater movie theaters, SMDC said.
“With Light Mall, we wanted to offer
our residents the utmost convenience, a home where they can entertain family
and friends at the cinema and dine at a number of restaurants just a few floors
down; a home where they can avail of multiple services and readily access mass
transport systems to take them to work, school or any other destination of
their choice,” SMDC Executive Vice President Jose Mari Banzon was quoted in the
statement as saying.
Light Residences is a three-tower
residential condominium launched in March 2010 near the Boni-EDSA train station
of the Manila Metro Rail Transit System (MRT-3). Unit sizes range from 20 sq.m.
to 44 sq.m., while prices start from P2.2 million and could go as high as P5.6
million.
Amenities include a fitness gym,
function rooms, restaurants and shopping establishments, swimming pools,
children’s play area, landscaped gardens, and jogging paths, among others.
Aside from Light Residences, SMDC has
a total of 24 projects in its portfolio located in the cities of Quezon,
Parañaque, Pasay, Pasig, Manila, Taguig, Makati and Tagaytay.
Shares in SM Prime closed on Friday at
P20.15 apiece, up by 25 centavos or 1.26%.-- Daphne J. Magturo
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