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PremeireREIT’s real estate investments or asset classes are used in the power industry. Thus, these real estate properties are resilient for the energy sector is an essential and ever-growing need of the people.
PremiereREIT has clearly identified the line of resilience that it wants to take investors into. And with the support of its sponsors, its real estate investment portfolio, the financial assets which will be offered to the public, are considered a superior alternative investment.
With such a strong foundation, belonging to an established and revered holding company like PAVI, and getting the support of the latter’s power group as sponsors, shareholders can have an assurance that they will have fixed income securities. As the majority of our REIT’s taxable income will be paid yearly to the investors, the future of their financial goals is secured.
S. I. Power Corporation is involved in the business of operating and maintaining traditional bunker-fired power generation units.
It was incorporated in the Philippines and registered with the SEC in September 2011. Its primary purpose is to buy, acquire, lease, construct, maintain, and operate plants, work systems, poles, pole wire, conduit, ducts and subway for the production, supply, distribution and sale of electricity for light and power and any other use to which electricity may or may be applied. SIPCOR is a wholly-owned subsidiary of PAVI.
The properties used in the operation of the [12.8] Mw heavy fuel oil (HFO)-fired power plants of SIPCOR located in Candanay Sur and Lazi, Siquijor consist of (a) power plants assets such as HFO diesel generator sets and perimeter fence; (b) building that house physical structures such as an administrative office, control room, warehouse, guard house, staff house, material recovery facility, work shop, firefighting shed, fuel tank farm, and fuel pump station; and (c) parcels of land (including the 3,000 sq.m. parcel of land located in Lazi, Siquijor, which is owned by the Company, and leasehold rights to 9,478 sq.m. parcel of land located in Candanay Sur, Siquijor) where the SIPCOR Power Plants are located.
PremiereREIT’s other sponsor is the Camotes Island Power Generation Corporation.
It was incorporated in the Philippines and registered with the SEC in September 2019. Its primary purpose is to buy, acquire, lease, construct, maintain, and operate plants, work systems, poles, pole wire, conduit, ducts and subway for the production, supply, distribution and sale of electricity for light and power and any other use to which electricity may be applied.
In Camotes Island, CAMPCOR operate real estate properties, power plants. Its first power plant facilities have an aggregate installed capacity of 6.9 Mw for the Camotes main grid, and 1,280 kW for the Pilar grid, both in the province of Cebu. CAMPCOR is the sole power provider for Pilar Island and Camotes Island.
The properties used in the operation of the [8.4] Mw power plants of CAMPCOR located in Poro and Pilar, Camotes Island, Cebu, consist of (a) buildings or powerhouse stations that house physical structures such water treatment unit, staff house, radiator unit, fire pump house, guard house, oil-water separator, material recovery facility, reverse osmosis house, transformer house, warehouse, and administrative office; and (b) 16,406.5 sq.m. parcels of land owned by the Company where such buildings are located.
As a publicly-listed REIT registered with the Securities and Exchange Commission, PremiereREIT pushes forth sustainability as one of its pillars of values. Thus, aside from venturing into the best-performing asset classes in the traditional energy sector, it will also engage in renewable energy in the future as part of ensuring different asset classes with continuous capital appreciation, and social accountability.