{"id":332250,"date":"2025-04-21T22:37:44","date_gmt":"2025-04-21T14:37:44","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332250"},"modified":"2025-04-21T22:37:46","modified_gmt":"2025-04-21T14:37:46","slug":"trade-the-news-smph-sees-strong-uptake-for-offices-based-in-malls","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smph-sees-strong-uptake-for-offices-based-in-malls\/","title":{"rendered":"Trade the News: SMPH sees strong uptake for offices based in malls"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>SM Prime Holdings<\/td><\/tr>
Stock Code<\/strong><\/td>SMPH<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 40.30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

SM Prime Holdings (SMPH), the integrated property developer of the SM Group, is expanding its office portfolio to support the strong demand for its mall-based offices as more businesses seek premium spaces.<\/p>\n\n\n\n

SM Prime, through unit SM Offices, is ramping up its expansion in Cebu and Bacolod, adding over 85,000 square meters of leasable space this year to meet rising demand from traditional and business process outsourcing (BPO) tenants.<\/p>\n\n\n\n

SM Offices operates both standalone office towers near SM malls and mall-based office spaces.<\/p>\n\n\n\n

SM Prime said the strategic locations of these office towers and integration within the SM ecosystem give tenants easy access to public transportation, retail, dining and entertainment options.<\/p>\n\n\n\n

\u201cAll our regional sites are connected to SM malls and residences, making them highly accessible and attractive to businesses. This strategic advantage drives our commitment to regional expansion,\u201d SM Offices head Alexis Ortiga said.<\/p>\n\n\n\n

Ortiga said that since in-person work resumed in 2022, more companies in the Philippines have prioritized office spaces that offer employee convenience and accessibility.<\/p>\n\n\n\n

\u201cIt makes going to the office more efficient and practical,\u201d he said.<\/p>\n\n\n\n

As of January, occupancy at 15 of SM Prime\u2019s mall-based offices located across the Philippines stood at 95 percent.<\/p>\n\n\n\n

SM Prime said that the strong uptake for its mall-based offices are driven by businesses moving toward mixed-use developments and seeking locations that provide employees with access to recreational amenities.<\/p>\n\n\n\n

It said that another trend boosting SM Offices\u2019 growth is the increasing interest for provincial office facilities, as traditional and BPO companies expand operations outside Metro Manila to access a wider talent pool and cost-efficient locations.<\/p>\n\n\n\n

\u201cThe flight-to-quality trend is fueling demand for high-quality, well-located corporate spaces, giving SM Offices a competitive edge,\u201d Ortiga said.<\/p>\n\n\n\n

SM Offices has earmarked P6 billion this year to develop new office towers and workspaces, including Six E-Com Center, a Grade A office tower in the Mall of Asia Complex designed for technology-driven industries and BPO firms.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332250","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332250"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332250\/revisions"}],"predecessor-version":[{"id":332252,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332250\/revisions\/332252"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}