SM Prime receives 2018 Frost & Sullivan Philippines Property Development Growth Excellence Leadership Award
SM Prime Holdings, Inc. was honored as the
2018 Frost & Sullivan Philippines Property Development Growth Excellence
Leadership Award at the recent 11th annual Asia-Pacific Best Practices Awards
banquet held at the Shangri-La Hotel Singapore.
Janice
Wung, program manager, Energy & Environment, Frost & Sullivan noted
that the property development market in the Philippines
continues to develop steadily, driven by economic growth, rapid urbanization,
and government spending on infrastructure projects.
“Amid
this backdrop, SM Prime Holdings Inc. cemented its position as the leading
developer in the retail and commercial property market. The company continues
to redefine the lifestyle mall concept, achieving higher than average revenue
growth, successfully launching 7 new shopping malls, and making headway in
China’s real estate market in 2017,” she added.
SM Prime has been recognized to be one of the
companies in Asia-Pacific inspired by visionary growth, innovation, and
leadership. Their performance has validated its position in the global scene
using global benchmarks and best practices, against all other major competitors
in the Philippine’s Property Development Industry.
The growth strategy SM Prime employed proved
to be the best in delivering revenue growth, market share growth, in acquiring
major customers, in demonstrating leadership in new product introduction and
innovation, in providing a broad spectrum of products and solutions given their
business and market strategies.
“We are proud to be honored with the 2018
Philippines Property Development Growth Excellence Leadership Award. This is truly inspiring and at the same time challenging for
us to be always better than ourselves in pursuit of a higher purpose of being a
catalyst for economic growth in our
country. We will continue to deliver
innovative and sustainable lifestyle cities that enrich the quality of life of
millions of people while keeping our commitment to our stakeholders as a whole,”
said SM Prime president, Jeffrey C. Lim.
Shivaji Das, Partner & Asia-Pacific
managing director at Frost & Sullivan noted that the annual awards was held to honor and recognize companies that
have pushed the boundaries of excellence in Asia-Pacific.
“We are delighted to highlight best practices
and honor companies that have delivered excellence in their respective
industries. Through this recognition, Frost & Sullivan hopes that the
companies will continue to excel and spur them to further achievements,” he
added.
Frost & Sullivan’s Best Practices Awards
recognizes companies’ through a range of regional and global markets for
superior leadership, technological innovation, customer service and strategic
product development. The recipients of the Frost & Sullivan Asia-Pacific
Best Practices Awards were identified based on rigorous measurement parameters
in each category. The Frost & Sullivan’s industry analyst team benchmarks
market participants and measures their performance through independent, primary
interviews and secondary industry research in order to evaluate and identify
best practices.
Frost & Sullivan, the Growth Partnership
Company, is a global leader that is highly respected in the analyst world. They work in collaboration with clients to
leverage visionary innovation that addresses the global challenges and related
growth opportunities that will make or break today's market
participants. For more than 50 years, they have been developing growth
strategies for the global 1000, emerging businesses, the public sector, and the investment community.
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