Friday, December 28, 2018
SM Hypermarket is the anchor tenant for 8990’s Php452-million mall in Tondo
8990 Holdings, Inc., one of the fastest-growing real estate developers in the country and listed on the Philippine Stock Exchange under the symbol “HOUSE,” has partnered with the SM Group, making SM Hypermarket its anchor tenant for Deca Mall, its Php 452-million community mall set to open in the second quarter of 2019 in Tondo, Manila.
Occupying 3,073 square meters, SM Hypermarket will offer a wide array of both food and non-food products. This is in response to varying lifestyle needs of Urban Deca Homes Manila residents and those in surrounding areas. The two-storey Deca Mall will host up to 450 small and medium enterprise (SME) tenants. It has a total gross area of 18,000 square meters and a gross leasable area of 14,547 square meters.
Deca Mall is located within Urban Deca Homes Manila, a 13-tower residential complex offering over 13,000 units with an estimated sales value of Php 20 billion. Situated in an 8.4-hectare property, it is the first large scale mixed-use development to rise in Tondo.
Targeting residents of Tondo and those living in the Port Area, Intramuros, Divisoria and the Camanava (Caloocan-Malabon-Navotas-Valenzuela) area, Urban Deca Homes Manila addresses the housing needs in the most densely-populated area in Metro Manila.
“By bringing in SM Hypermarket as the anchor tenant of Deca Mall, Urban Deca Homes residents and those from the environs no longer have to travel far for their everyday shopping needs,” says 8990 Holdings president and chief executive officer Willie J. Uy. “Ultimately, it’s all about delivering convenience and a better quality of life for Manileños.”
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