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Premiere Island Power REIT Corporation (PremiereREIT) was established to primarily serve as the asset holding company and the commercial real estate investment trust (REIT) platform of the power and infrastructure groups of its ultimate parent entity, Prime Asset Ventures, Inc. (PAVI). PremiereREIT’s sponsors, namely, S.I. Power Corporation (SIPCOR), and Camotes Island Power Generation Corporation (CAMPCOR), are likewise part of the PAVI Group.
Unlike other Philippine REITs which are typically supported by real estate companies, PremiereREIT’s sponsors operate within the energy sector. Each of SIPCOR and CAMPCOR is currently engaged in the power generation business, with a focus on providing social and missionary electrification across the Philippines.
SIPCOR presently operates bunker-fired generation units in Siquijor Island and is looking to expand its power generation operations in other locations in Luzon, Visayas, and Mindanao. On the other hand, CAMPCOR operates two power plants in Camotes Island, Cebu, and, like SIPCOR, intends to expand its missionary electrification operations elsewhere in the Philippines.
To be the Philippines’ leading real estate investment trust, providing shareholders premium dividend yield through real estate assets utilized in the ever dynamic and growing energy sector.
PremiereREIT plans to liberate its shareholders through a resilient investment portfolio of income-generating properties traded on a transparent stock market. Through our commercial properties operating in an industry that is essential and withstands crises, we will always ensure that each shareholder’s REIT investment has a constant capital appreciation.
As one of the real estate investment trusts in the Philippines registered with the Securities and Exchange Commission, PremiereREIT thrives with an established portfolio. This was made possible through dynamic and exciting leadership.
Atty. Garth F. Castañeda
Chairman and Independent Director
Atty. Timothy Joseph M. Mendoza
Director, President & CEO
Jose Rommel C. Orillaza
Director
Maryknoll B. Zamora
Treasurer & CFO
Manuel Paolo A. Villar
Director
Cynthia J. Javarez
Director
Independent Director
Independent Director
Corporate Secretary
Business Development Head
Investor Relations Officer
