Who is the owner of both SM City Olongapo and SM Supermalls?
SM Supermalls SM Supermalls, owned by SM Prime Holdings, is a chain of shopping malls in the Philippines that as of mid-2017 has 63 malls located across the country, with about a dozen more scheduled to be open by 2018. It also has 6 malls in China, including SM Tianjin which is the second largest in the world in terms of GLA. SM Supermalls has become one of the biggest mall operators in Southeast Asia. Combined, the company has about 8.5 million square meters of gross floor area (GFA). It has 17,333 tenants in the Philippines and 1,478 tenants in China.
Gaisano Capital Gaisano Capital is a chain of malls and supermarkets owned by Edmund S. Gaisano, a nephew of Doña Modesta Singson Gaisano. In the 1970s, he had his own construction business independent of his relatives. One of his projects was to construct a building (which was to be named the Henry Gaisano Building after his cousin, Henry S. Gaisano, one of Doña Modesta's sons) located along Leon Kilat and Colon streets in Cebu City which was to be leased as a supermarket by his relatives. When the supermarket venture failed, Edmund Gaisano decided to open his own supermarket. This supermarket became the first Gaisano Capital supermarket and is presently known as Gaisano Capital South.