SM Prime to spend P1 billion for Cebu office expansionMANILA, Philippines — The Sy family’s SM Prime Holdings Inc. is pouring in more than P1 billion to expand its office portfolio in the country’s fastest-growing regional office market outside Metro Manila. SM Offices, the office leasing arm of SM Prime, will add more than 60,000 square meters of leasable space in Cebu City by the fourth quarter of 2026. In fact, the Cebu office market was only second to BGC in terms of growth. SM City Cebu Towers sits within the redeveloped SM City Cebu North Wing complex, which integrates retail facilities and a National University (NU) campus. “We believe that it offers great value for its location and its integration with the SM City Cebu mall and NU Cebu.

Source: Philippine Star February 19, 2026 16:45 UTC