SM Warehouses scales up logistics footprint
SM Warehouses, a unit of integrated property developer SM Prime Holdings Inc., is expanding its footprint as logistics and warehouse demand in the country rises.
Manila, Philippines — SM Warehouses, a subsidiary of SM Prime Holdings Inc., is expanding its logistics and warehouse operations across the nation, according to Alexis Ortiga, business unit head of SM Prime’s commercial properties group. Ortiga stated that the company is focused on maximizing SM Prime’s land bank nationwide, exploring opportunities as far as Cebu if suitable.
They are currently targeting third-party logistics providers, e-commerce platforms, and regional warehousing as tenant partners. While SM Warehouses does not plan to establish industrial parks, they can develop build-to-suit facilities to accommodate manufacturing operations. The company provides large-scale logistics and distribution spaces, ranging from 5,000 square meters to over 120,000 square meters.
Ortiga anticipates that demand for logistics and warehouse space will continue to rise due to the increasing expectations of younger consumers for immediate product delivery. This demand necessitates distribution centers and last-mile hubs closer to urban areas. SM Warehouses has recently expanded its logistics space for SPX Express (SPX) and Scommerce Philippines Inc., turning over a new 40,000-square-meter facility in Pasig.
SPX is a prominent logistics and delivery services provider across Southeast Asia, Taiwan, and Brazil, having signed a multi-year lease for approximately 86,000 square meters at SM Prime’s 130,000-square-meter Silangan Warehouse complex in Laguna.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
