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Premium Properties Limited

Premium Properties Limited ("Premium") is a "property loan stock" company listed on the "Real Estate Holdings" sector on the JSE Limited ("JSE"). Premium derives its revenue from rentals receivable from property investments. The portfolio comprises commercial, retail, industrial and residential properties with a lettable area of 568 302m2 which includes 2 275 residential units. The total value of Premium's portfolio at year end was R1,8 billion. Premium uses the positive elements of gearing to maximize returns to unitholders.

The portfolio consists of mainly multi-tenanted buildings situated predominantly in the Pretoria Central Business District with further holdings in Hatfield, Silverton and Johannesburg Central Business District. It is the policy of Premium to invest in areas of high growth, and in properties with turnaround potential or redevelopment prospects. Premium has appointed City Property Administration (Proprietary) Limited ("City Property") as administrators and managers of the portfolio.

Premium is currently developing a mixed use complex in Hatfield comprising 4000 m2 of retail and 660 residential units. It has recently completed the convertion of an office block, Brisk Place into residential units. This development is situated on the corner of Rissik and Bree streets in Johannesburg CBD.

  New Developments
 
 

Hatfield Pretoria ( "The Fields")

The newly announced The Fields development is a significant urban renewal project with the first phase having a total estimated project value of R280 million. The project will bring a major capital contribution to the revitalisation of the Hatfield metropolitan node within the City of Tshwane’s Metropolitan Spatial Development Framework plan. As such the development will leverage new growth to improve existing areas of opportunity in Hatfield. This mixed-use development will address the needs of the area in terms of housing as well as retail, complimenting each other as an increasingly popular urban lifestyle attraction. More

 
 

Premium Properties Ltd

Contact Person : Anthony Stein
(012) 319 8781
(012) 319 8812

anjaf@cityprop.co.za
www.cityprop.co.za

 

 

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