SM Group starts construction on Tianjin Shopping Center in China

12 March 2012 (Last Updated March 12th, 2012 18:30)

Philippines-based mall operator SM Group has started construction on the CNY3bn ($476m) Tianjin Shopping Center in Tianjin, China.

Philippines-based mall operator SM Group has started construction on the CNY3bn ($476m) Tianjin Shopping Center in Tianjin, China.

Spanning across an area larger than 74 football fields, the shopping centre will feature three oval-shaped buildings that are united by a ring-like structure, and will have a total floor area of 530,000 square metres.

The company said the mall project is its largest investment in China to date.

Upon its completion by the end of 2013, the Tianjin Shopping Center is expected to become the world’s largest freestanding shopping centre in terms of commercial space.

SM Group also has malls under development in the Chinese cities of Chongqing and Zibo.

SM Prime Holdings, the parent company of SM Group has four malls in China, which are located in the cities of Xiamen and Jinjiang in Southern China, Chengdu in Central China and Suzhou in Eastern China.

By the end of 2012, SM Prime is expected to have 46 malls in the Philippines and five in China with an estimated combined gross floor area of 6.3 million square metres.