SM sets P10-B expansion for existing malls

For the expansion of its five existing malls alone, the Henry Sy-led SM Group is allocating as much as P10 billion in line with the opening of the new segment of its existing mall in Ortigas, which is now the largest SM mall in the country.

Hans Sy, president of SM Prime Holdings Inc., said on Tuesday in an interview with reporters during the launch of building D of SM Megamall that the SM Group is gearing up with the expansion of some existing SM malls.