Primark Town Center Explained

Philippine Primark Properties
Type:Private
Former Names:LKY Prime Builders
Trade Name:Primark Town Center
Area Served:Philippines
Key People:Wilbert T. Lee (President and CEO)
Industry:Retail
Parent:LKY Group[1]
Location City:Pasay
Location Country:Philippines
Locations:47[2]

Primark Town Center is a Philippine community mall chain. It forms part of the LKY Group, one of the Philippines' largest land developers.[3] The management is handled by Philippine Primark Properties, Inc., and headed by Wilbert T. Lee 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 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] Their mall expansion started with their first mall opened in Cabiao, Nueva Ecija on November 28, 2014, followed by Echague, Isabela in 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, 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 McDonald's, and they plan to have them on their future malls.

About or of their initial investment of was spent to the construction of their first twelve malls in 2015. The remaining would be for their future sites across the country.

In early 2016, Primark announced their first malls in Visayas and Mindanao. Tacloban is the site of the first Primark branch in Visayas, while Tacurong is the site of the first Primark branch 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

NameLocationOpening DateGFA (m2)Remarks
Primark Town Center EchagueEchague, IsabelaApril 20153,831.19The First Primark Town Center in the Philippines.[12]
Primark Town Center Sorsogon 1Sulucan, Sorsogon CityApril 201511,159The First Primark Town Center in Sorsogon. It was the former Sorsogon Shopping Center.
Primark Town Center Sorsogon 2Sampaloc, Sorsogon CityMay 2015Second Primark Town Center in Sorsogon City
Primark Town Center CauayanCauayan, IsabelaJune 20158,536The former public market of the city, Primark had upgraded the said market and redeveloped the area.
Primark Town Center Sorsogon 3Talisay, Sorsogon CityJuly 9, 20153,000Third Primark Town Center in Sorsogon City
Primark Town Center TuguegaraoTuguegarao, CagayanMay 27, 20168,651The former Paseo Reale Mall[13]
Primark Town Center TeresaTeresa, Rizal2,883First primark town center in Rizal.
Primark Town Center BambangBambang, Nueva Vizcaya3,300
Primark Town Center SilangSanta Rosa–Tagaytay Road, Silang, Cavite9,000
Primark Town Center CabiaoCabiao, Nueva EcijaNovember 28, 20144,401The first primark town center in Nueva Ecija.

The first primark town center mall opened in the Philippines.

Primark Town Center Santa CruzSanta Cruz, Laguna6,907
Primark Town Center Quezon-AranetaSanto Domingo, Quezon City2,786
Primark Town Center GuaguaGuagua, Pampanga4,013
Primark Town Center AringayAringay, La UnionMarch 30, 2017
Primark Town Center GeronaGerona, TarlacSeptember 8, 2017
Primark Town Center BrixtonBrixton, Camarin, CaloocanTBA
Primark Town Center DeparoDeparo, CaloocanTBA
Primark Town Center AthertonAtherton, Fairview, Quezon CityTBA
Primark Town Center BauanBauan, Batangas
Primark Town Center GapanGapan, Nueva EcijaJune 8, 2017former Gapan City Mall
Primark Town Center Deparo-GilmarCaloocanSeptember 21, 2017
Primark Town Center San Jose Del MonteSan Jose del Monte, BulacanOctober 2017First Primark mall in Bulacan
Primark Town Center GuimbaGuimba, Nueva EcijaOctober 27, 2017
Primark Town Center MacabebeMacabebe, PampangaOctober 30, 2017
Primark Town Center PlaridelPlaridel, BulacanOctober 30, 2017Second Primark mall in Bulacan
Primark Town Center Double L Rodriguez, RizalNovember 2017
Primark Town Center CamarinZapote, Camarin, CaloocanDecember 2017
Primark Town Center MexicoMexico, Pampanga2017
Primark Town Center CaintaCainta, RizalJanuary 18, 2018
Primark Tower MallTrece Martires, Cavite
Primark Town Center CordonCordon, IsabelaFebruary 8, 2018
Primark Town Center Aurora, IsabelaAurora, IsabelaFebruary 8, 2018
Primark Town Center TacurongTacurong, Sultan KudaratApril 2018First Primark Town Center in Mindanao. The former MS Store.
Primark Town Center TagaytayTagaytay-Nasugbu Highway Brgy. Maharlika East, Tagaytay, CaviteSeptember 20, 2018First Primark Town Center branch to carry SM Hypermarket. Second in Cavite area.
Primark Town Center RosarioGen. Trias Drive Poblacion, Rosario, CaviteOctober 2, 2018A Public-Private Partnership of the Municipality of Rosario with Philippine Primark Properties Inc.
Primark Town Center CaibaanTaclobanMarch 14, 2019First Primark Town Center in the Visayas
Tower MallTrece Martires, CaviteA Public-Private Partnership of the City Government of Trece Martires & Philippine Primark Properties Inc.
Primark Town Center NoveletaNoveleta, CaviteApril 24, 2019
Primark Town Center TayabasTayabas, QuezonMay 14, 2019
Primark Town Center Mactan, CebuMactan, Cebu
Primark Town Center KasiglahanRodriguez, RizalTBA
Town Center SogodSogod, Southern LeyteDecember 21, 2020
Town Center PontevedraPontevedra, CapizDecember 24, 2020
Puregold Tuao (Town Center Tuao)Tuao, CagayanFebruary 27, 2021
Town Center SolanaSolana, CagayanFebruary 27, 2021
Puregold Lal-lo (Town Center Lal-lo)Lal-lo, CagayanMarch 3, 2021
Town Center AparriAparri, CagayanMarch 18, 2021
Town Center CatanauanCatanauan, QuezonDecember 22, 2021

Future Branches

NameLocation and descriptionOpening DateGFA (m2)Remarks
Primark Town Center San MateoSan Mateo, IsabelaTBA
Puregold Sorsogon (Town Center Sorsogon)Sorsogon CityTBA
Public Market CatbaloganCatbalogan, SamarTBA30,000 Former Catbalogan Public Market
Public Market TalisayTalisay, BatangasTBA30,000 Former Talisay Public Market
Primark Town Center BinmaleyBinmaley, Pangasinan3,541
Primark Town Center - V & G Subd., TaclobanTacloban
Primark Town Center PaliparanPaliparan, Dasmariñas, Cavite10,371
Primark Town Center AntipoloAntipolo3,129
Primark Town Center MuñozMuñoz, Nueva Ecija5,423
Primark Town Center SantiagoBatal, Santiago, IsabelaTBAUnder Construction
Primark Town Center Bayombong Bayombong, Nueva VizcayaTBASoon to rise
Primark Town CenterSurigao City2026Soon to rise
Primark Town Center Hagonoy, BulacanTBASoon to rise
Primark Town CenterMoncada, TarlacTBASoon to rise
Primark Town CenterInfanta, QuezonTBASoon to rise
Primark Town CenterPililla, RizalTBASoon to rise
Primark Town CenterCandaba, PampangaTBASoon to rise
Primark Town CenterSanta Cruz, ZambalesTBASoon to rise
Primark Town CenterLubao, PampangaTBASoon to rise
Primark Town CenterAtimonan, QuezonTBASoon to rise
Primark Town CenterCalauag, QuezonTBASoon to rise

See also

Notes and References

  1. Web site: Primark Shopping | LKY Group . lkygroup.com . November 24, 2016.
  2. Web site: About Primark Town Center | Primark Town Center . primark.com.ph . November 24, 2016.
  3. Web site: The LKY Group LKY Group. lkygroup.com. November 24, 2016.
  4. Web site: Philippine Primark Properties, Inc.: Private Company Information - Bloomberg. www.bloomberg.com. November 24, 2016.
  5. Web site: About Primark Town Center Primark Town Center. primark.com.ph. November 24, 2016.
  6. News: SEC oks P1.2B Primark shopping center IPO. Dumlao-Abadilla. Doris. Philippine Daily Inquirer. November 24, 2016.
  7. News: Primark Properties gets OK for P1.2-B IPO. Gonzales. Iris. The Philippine Star. November 24, 2016.
  8. News: Town mall developer eyes P1.2 B from IPO. Gonzales. Iris C.. The Philippine Star. November 24, 2016.
  9. Web site: Sorsogon 1, Sorsogon City LKY Group. lkygroup.com. November 24, 2016.
  10. Web site: Primark Locations Primark Town Center. primark.com.ph. November 24, 2016.
  11. News: Catbalogan City announces new investment, development activities. October 14, 2016. Sun. Star. November 24, 2016.
  12. Web site: Primark - Primark Opens New Mall in Sorsogon.
  13. Web site: Primark Locations Primark Town Center. primark.com.ph. November 24, 2016.