A P3.2-billion mixed-use development by SM Prime Holdings Inc.’s Premier Central Inc. is set to expand private-sector investment in Clark Freeport Zone, adding commercial space and supporting new jobs along one of the area’s key business corridors.
Premier Central signed a lease agreement with Clark Development Corp. covering 23,739 square meters along M.A. Roxas Highway, marking an expansion of the SM group’s footprint in the Freeport.
The project is expected to generate economic activity during construction and operations, while adding to Clark’s growing base of commercial and mixed-use developments.
Its location beside SM City Clark also places the development within an established retail and business cluster, potentially strengthening the area’s appeal to businesses, consumers, and investors as Clark continues to attract new investments.
Premier Central committed P3.2 billion to the project, which will follow construction timelines and green building standards set by CDC. The requirements are intended to support more sustainable development as investment activity in the Freeport expands.
The lease agreement was signed by CDC President and Chief Executive Officer Agnes VST Devanadera and SM Prime President Jeffrey Lim.
The signing was witnessed by CDC Vice President for Legal Affairs Gloria Victoria Taruc, Vice President for Business Development and Business Enhancement Noelle Meneses, SM Supermalls President Steven Tan, and Vice President for Operations Junias Eusebio.
Premier Central serves as the registered corporate arm and property taxpayer for SM group developments within the Clark Freeport Zone.
The project adds to Clark’s investment pipeline while expanding the commercial infrastructure needed to support the Freeport’s continued growth as a regional business and lifestyle hub.
