Primark Town Center
Primark Town Center | |
Formerly called | LKY Prime Builders |
Private | |
Industry | Retail |
Founded | 1996 |
Headquarters | San Juan, Metro Manila, Philippines |
Number of locations | 12 [1] |
Area served | Philippines |
Key people | Bennison S. Lua (President and CEO) |
Parent | LKY Group[2] |
Website |
primark |
Primark Town Center is a community mall division of LKY Group, one of the Philippines' largest land developer.[3] The management is handled by Philippine Primark Properties Inc., and headed by Bennision S. Lua as the company's President and CEO.[4]
Etymology
Primark is a combination of words “Primary” and “Market”. The name is in line to the company's vision by providing prime retail facilities and in providing the basic and primary needs of the community.[5]
History
The company was established since 1996 as LKY Prime Builders Inc, a company under LKY Group that offers construction services and real-estate development.[6] Eleven years later, they engaged in mall business with an investment of PhP 1.2 B as their Initial Public Offering (IPO).[7][8] The Securities and Exchange Commission (SEC) gave them a go signal and proceed with their mall expansion to 12 community malls in the county at their first year.[4][7] Their mall expansion started with their first mall in Echague on April 2015. It then grew with three branches in Sorsogon City in which one of those was bought from the defunct Sorsogon Shopping Center, to the cities of Cauayan, and Tuguegarao in Cagayan provinces, Arayat, Pampanga, Binmaley, Pangasinan, Antipolo and Teresa in Rizal, and Muñoz, Nueva Ecija.[9] Primark's major tenants to these branches were SM Savemore Market, Ace Hardware, BDO and Chinabank, and McDonalds, and they plan to have them on their future malls.
On their initial investment of PhP 1.2 B, About PhP 867 M gone to the construction of their first 12 malls in 2015. The remains will be for their future sites across the country.
In early 2016, Primark announced their first malls in Visayas and Mindanao. Catbalogan, Samar will be Primark's first in Visayas while Tacurong will be their first in Mindanao following their purchase to the Tacurong's MS Store.[10][11]
Currently, the operations and management Primark Town Centers are handled by the Philippine Primark Properties Inc., with LKY Group as their parent company.
Branches
Existing Branches
Name | Location and description | Opening Date | GFA (m2) | Remarks |
---|---|---|---|---|
Primark Town Center Echague | Echague, Isabela | April 2015 | The First Primark Town Center in the Philippines.[12] | |
Primark Town Center Sorsogon 1 | Sulucan, Sorsogon City | April 2015 | 11,159 | The First Primark Town Center in Sorgsogon. Also the former Sorsogon Shopping Center. |
Primark Town Center Sorsogon 2 | Sampaloc, Sorsogon City | May 2015 | Second Primark Town Center in Sorsogon City | |
Primark Town Center Cauayan | Cauayan, Isabela | June 2015 | 8,536 | |
Primark Town Center Sorsogon 3 | Talisay, Sorsogon City | July 9, 2015 | 3,000 | Third Primark Town Center in Sorsogon City[12] |
Primark Town Center Tuguegarao | Rizal St, Tuguegarao City | May 27, 2016 | 8,651 | Formerly the Paseo Reale Mall of Tuguegarao.[13] |
Primark Town Center, Paliparan | Paliparan, Dasmariñas City, Cavite | 10,371 | ||
Primark Town Center Binmaley | Binmaley, Pangasinan | 3,541 | ||
Primark Town Center Antipolo | Antipolo City, Rizal | 3,129 | ||
Primark Town Center Teresa | Teresa, Rizal | 2,883 | ||
Primark Town Center Muñoz | Muñoz, Nueva Ecija | 5,423 | First Primark Town Center in Nueva Ecija | |
Primark Town Center Bambang | Bambang, Nueva Vizcaya | |||
Primark Town Center Cabiao | Cabiao, Nueva Ecija | 4,401 | Second Primark Town Center in Nueva Ecija | |
Primark Town Center Sta. Cruz | Sta. Cruz, Laguna | 6,907 | ||
Primark Town Center Quezon-Araneta | Araneta, Cubao, Quezon City | 2,786 | ||
Primark Town Center Guagua | Guagua, Pampanga | 4,013 | ||
Primark Town Center San Jose Del Monte | San Jose Del Monte, Bulacan | TBA | ||
Primark Town Center Guimba | Guimba, Nueva Ecija | TBA | Third Primark Town Center in Nueva Ecija | |
Primark Town Center Gerona | Gerona, Tarlac | TBA | ||
Primark Town Center Cainta | Cainta, Rizal | TBA | ||
Primark Town Center Camarin 1 | Brixton, Camarin, Caloocan | TBA | ||
Primark Town Center Camarin 2 | Zapote, Camarin, Caloocan | TBA | ||
Primark Town Center Deparo | Deparo, Caloocan | TBA | ||
Primark Town Center Atherton | Atherton, Fairview, Quezon City | TBA | ||
Primark Town Center Aringay | Aringay, La Union | TBA | ||
Primark Town Center Macabebe | Macabebe, Pampanga | TBA | ||
Primark Town Center Mexico | Mexico, Pampanga | TBA | ||
Primark Town Center Montalban | Montalban, Rizal | TBA | ||
Primark Town Center Plaridel | Plaridel, Bulacan | TBA | ||
Primark Town Center Cordon | Cordon, Isabela | TBA | ||
Primark Town Center Gapan | Gapan, Nueva Ecija | TBA | Fourt Primark Town Center in Nueva Ecija | |
Primark Town Center Catbalogan | Catbalogan, Samar | TBA | First Primark Town Center in Visayas | |
Primark Town Center Bayawan | Bayawan, Negros Oriental | TBA | ||
Primark Town Center Tagaytay | Tagaytay City | TBA | ||
Primark Town Center Tacurong | Tacurong, Sultan Kudarat | TBA | First Primark Town Center in Mindanao. The former MS Store. |
See also
External links
References
- ↑ "About Primark Town Center | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.
- ↑ "Primark Shopping | LKY Group". lkygroup.com. Retrieved 2016-11-24.
- ↑ "The LKY Group | LKY Group". lkygroup.com. Retrieved 2016-11-24.
- 1 2 "Philippine Primark Properties, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2016-11-24.
- ↑ "About Primark Town Center | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.
- ↑ Dumlao-Abadilla, Doris. "SEC oks P1.2B Primark shopping center IPO". business.inquirer.net. Retrieved 2016-11-24.
- 1 2 Gonzales, Iris. "Primark Properties gets OK for P1.2-B IPO". philstar.com. Retrieved 2016-11-24.
- ↑ Gonzales, Iris C. "Town mall developer eyes P1.2 B from IPO". philstar.com. Retrieved 2016-11-24.
- ↑ "Sorsogon 1, Sorsogon City | LKY Group". lkygroup.com. Retrieved 2016-11-24.
- ↑ "Primark Locations | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.
- ↑ "Catbalogan City announces new investment, development activities". Sun. Star. 2016-10-14. Retrieved 2016-11-24.
- 1 2 "Primark - Primark Opens New Mall in Sorsogon".
- ↑ "Primark Locations | Primark Town Center". primark.com.ph. Retrieved 2016-11-24.