Ultra bilyonaryo Manny Villar’s Premiere Island Power REIT (PREIT) is looking to expand its portfolio in the next three years by investing on a long-term basis in critical real estate and infrastructure.
“PREIT’s principal investment strategy is to invest in income-generating real estate. A core tenet of the company’s investment policy is to invest in properties that meet a select set of criteria designed to provide a competitive investment return to investors once said properties are in operation,” the company said.
IT targets to promote growth in returns by careful selection of properties, optimizing properties owned, and taking advantage of desirable opportunities for acquisition.
The company is considering acquiring properties and assets owned by sponsors S.l. Power Corp. and Camotes Island Power Generation Corp., as well as by third parties.
PREIT’s asset portfolio consists of land and power plant assets utilized in the power generation projects of its sponsors.
Aside from growing and diversifying its portfolio, the company also intends to contribute to the promotion of clean, renewable and sustainable energy, as well as expand social and missionary electrification.