SM Prime Holdings, Inc. is on the back of increased demand from e-commerce expansion, manufacturing activity and changes in government land-lease regulations. SM Offices, the commercial property arm of SM Offices, has fully leased its Silangan warehouse complex in Laguna.
The Silangan site consists of two warehouses with a combined gross leasable area of more than 130,000 square meters (sq m). Out of this, approximately 86,000 square meters. Was recently leased under a multi-year agreement.
Vice President and Head of SM Offices Alexis L. “The size and location of our warehouse facilities make them suitable for logistics operators who need scale, access and operational efficiency,” Ortiga said in a statement on Wednesday.
The warehouse complex is located less than five minutes from the Silangan exit of the South Luzon Expressway and an hour from Makati, providing access to growth areas in Metro Manila and Southern Luzon.
The facility is designed to handle high-volume logistics operations with a cross-docking setup to support wider space and faster turnaround times for heavy vehicles.
Following the full lease of the Silangan complex, SM offices listed ready-to-move-in warehouse sites in Pasig and Taguig and continued to offer build-to-suit developments nationwide.
The Pasig facility along the C-5 road is spread over four hectares and covers more than 20,000 square metres. The area of the warehouse floor area, including the mezzanine level, multiple loading bays, and dedicated truck maneuvering areas.
The SM Prime business unit also offers build-to-suit industrial sites in Parañaque, Laguna, Cavite, Tarlac, Iloilo and Davao. These sites are located near major expressways, ports and airports and can support distribution, manufacturing support and cold storage operations.
“Our facilities and locations can support uses ranging from dry and cold storage to data centers and distribution centers. These are asset types that benefit from long-term planning and operational certainty,” Mr. Ortiga said.
At the local bourse on Wednesday, SM Prime shares remained unchanged at P19.60 each. — Alexandria Grace C. Magno