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SM City North Edsa's new annex makes it world's third-largest mall

December 11, 2008 2:08pm
MANILA, Philippines - Additional expansion of SM City North Edsa makes it the world’s third-largest shopping mall, the Philippines’ largest mall operator said.

The soft opening of The Annex—which adds 90,000 square meters of gross floor area (GFA) to the flagship mall—expands SM City North Edsa’s GFA to 425,000 square meters, SM Prime Holdings Inc. said in a disclosure to the Philippine Stock Exchange (PSE).

Besides providing direct and indirect employment to 3,000 workers, The Annex also consists of six floors and a basement, 70 percent of which has already been awarded to various tenants.

“Its major tenants include Savemore Supermarket, Ace Hardware and an SM Cyberzone. Other mall tenants include fashion retailer Charles & Keith, watch and jewelry shop Chronos, infant store Baby & Company, and electronic shops Power Mac Center, Sony VAIO, HTC, and Belkin, among many others," the company said.

SM North Edsa is the only mall of SM Prime where the three food retail formats, Savemore Supermarket in The Annex, SM Supermarket in the Main Building and the SM Hypermarket in The Block, are all located in one complex.

In 2009, SM North EDSA also looks forward to opening the Skygarden, which offers another exciting and environmental element to the Mall complex, the company said.

SM Mall of Asia, SM Megamall, and SM City Cebu rank as the fourth, seventh, and eleventh-largest malls in the world, the company said.

Including SM City North Edsa, all these malls have occupancy rates of over 95 percent. - GMANews.TV