SM Prime Holdings will open the Mall of Asia in May this year, a press release from the company said.

At present, total lease take up is 85 percent, with many of the tenants currently in the construction phase.

The company opened its 23rd mall, SM City Santa Rosa on February 17. Other malls scheduled to open this year are SM City Clark, SM City Lipa, SM Supercenter Frontera, and SM City Bacolod, the press release said.

Mall of Asia, envisioned to be the premiere destination mall in the Asia-Pacific, is located on a 60-hectare property overlooking Manila Bay. The 386,000-square meter complex consists of four buildings linked by elevated walkways - Main Mall, the North Parking Building, the South Parking Building, and the Entertainment Center Building, it said.

The Main Mall will include shopping and dining establishments, the food court, and the country's first Olympic size ice skating rink.

The North Parking Building will house the SM Department Store and half of the 5,000 parking spaces while the South Parking Building will include the SM Hypermarket and more dining areas.

One of the Mall of Asia's main attractions is the Entertainment Center Building, which will offer a spectacular view of the Manila Bay from its row of restaurants, and will also house bowling and billiard facilities, and ten theaters, including a Director's Club and the country's first IMAX theater, the press release added.* . .

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