Property giant SM Prime Hold- ings Inc. opened recently SM City Tianjin, its seventh mall in China.
Other SM City malls in Chi- na are in Xiamen, Jinjiang, Chengdu, Suzhou, Chongqing and Zibo.
SM Prime president Jeffrey Lim said the newest mall opening “gives SM Prime a wider perspective on China’s shopping culture, allowing us to capture bigger opportunities as an international integrated property developer.”
The company said that con- sumer spending growth in China is driving SM Prime’s expansion in that country.
SM City Tianjin is located within the Tianjin Airport Eco- nomic Area at the emerging Binhai New Area, the largest free trade zone in Northern China.
The area is a thriving central business district where international corporations in logistics and financial services are setting up offices, according to SM Prime.
Considered as a ‘new economic pole’ along the Shenzhen Special Economic Zone and Shanghai Pudong New Area, the Binhai New Area is home to over 2,000 enterprises from 130 countries.
The new China mall offers shoppers accessibility as it is adjacent to the airport and can be reached through the cities of Beijing and Qinhuangdao via buses, expressways and high- speed railways, the company explained.