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SM Prime sets Q1 2026 target for P2.3-B SM City Iloilo revamp
SM Prime Holdings, Inc. is investing P2.3 billion to redevelop SM City Iloilo, aiming for completion by the first quarter of 2026.
The expansion will add over 7,900 square meters of gross leasable area to the mall.
New features include upgraded interiors, motion sensor escalators, an expanded skylight, and a multi-level car park.
The project also involves over 23,670 square meters for the National University (NU) and improved connectivity to the SM Strata IT-BPO complex.
SM Prime president Jeffrey Lim stated the investment aims to boost domestic tourism, strengthen MSMEs, and unlock the city's potential.
Sustainability features like rooftop solar panels and advanced daylighting are also incorporated into the redevelopment.
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