MANILA, Philippines — SM Prime Holdings Inc. will make investments P7 billion ($122 million) to redevelop SM Megamall in Mandaluyong Metropolis, including new retail house, energy-efficient techniques and mobility upgrades.
In a disclosure dated Monday, August 12, the corporate stated the multi-phase undertaking is scheduled for completion between 2027 and 2029. UK-based architectural agency Benoy, identified for Singapore’s Jewel Changi Airport and Bangkok’s Icon Siam, will design the undertaking.
The brand new design will observe a “Crystal Islands” idea, emphasizing pure mild, open areas and natural types. It can add 20,000 sq. meters of gross leasable space, themed retail zones, and “improved mobility options and energy-efficient techniques.”
“The addition of themed retail zones and intuitive wayfinding is designed to make the mall extra accessible, whereas encouraging guests to discover and uncover new experiences all through the expansive advanced,” SM Prime stated.
Different upgrades. The redevelopment will embrace a brand new four-level basement parking facility with greater than 1,600 slots, expanded walkways and modernized vertical transport to enhance circulation. Plans additionally name for relocated cinemas, a brand new Megatrade Corridor, a redesigned meals courtroom, and upgraded frequent areas and restrooms.
Inexperienced options. The design will combine a rainwater harvesting system with a 500-cubic-meter capability and upgraded mechanical techniques to chop power use. ETFE roofing, skylights and clerestory home windows will maximize daylight and cut back cooling prices.
Vitality-efficient LED lighting and sensor-activated escalators are anticipated to ship power financial savings of as much as 50% and 30%, respectively. Photo voltaic panel installations are additionally below evaluation as a part of SM Prime’s broader carbon discount program.
