DemanD for commercial properties boosting sm prime’s growth

By Rizal Raoul S. Reyes

After the successful launch of its newest pre-LEED certified building, FourE-com Center, Alexis Ortiga, Business Unit Head for SM Prime’s Commercial Properties Group stressed SM Commercial Properties Group is riding on the rebounding property market and growth trajectory of the Philippine economy.

“The launch of FourE-com Center and our upcoming developments come at an opportune time, owing to renewed appetite for fresh and meaningful experiences, increased consumer spending, continued rebound in travel and domestic tourism, and growing demand in the traditional office, IT-BPO, and logistics segments,” said Ortiga.

He added the group spearheads the development, leasing, and management of various product lines, including SM Estates, SM Offices, and SM Warehouses across the country.

According to a recent Property Report, the real estate segment is further buoyed by the reopening of the economy, thereby unlocking opportunities in the office segment for flexible workspaces and growing demand for outsourcing firms beyond Metro Manila.

Colliers Philippines urged landlords and tenants to continue seizing opportunities within and