SM Offices invests P6B for new office towers and workspaces

SM Prime Holdings Inc.'s unit, SM Offices, is investing P6 billion this year to develop new office towers and workspaces.

The investment includes Six E-Com Center in the Mall of Asia Complex, a Grade A office tower designed for technology-driven industries and BPO firms, as well as over 85,000 square meters of leasable space in Visayas to meet rising demand from traditional and BPO tenants.

As of January 2025, occupancy rates at SM Prime's mall-based offices across the Philippines reached nearly 95%, driven by businesses' preference for mixed-use developments with easy access to recreational amenities.

SM Offices is expanding its presence in Cebu and Bacolod, providing tenants with easy access to public transportation, retail, dining, and entertainment options connected to SM malls.

The company attributes the strong uptake of its mall-based offices to businesses moving towards locations that provide employees with convenience and accessibility, as companies expand operations outside Metro Manila to access a broader talent pool and more cost-effective locations.