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