Who is the owner of both SM City Olongapo and SM Supermalls?
SM City Olongapo SM City Olongapo is a shopping mall owned and operated by SM Prime Holdings, the largest mall owner and operator in the Philippines. The mall is located across the river from the Subic Bay Freeport Zone, Zambales. A foot bridge on Magsaysay Drive provides access to the Freeport and competing mall Harbor Point across the river. It is the first SM Supermall in Zambales and the first SM Supermall to open in 2012. The mall opened its doors to the public on February 10, 2012.
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.