Premium Properties Limited ("Premium") is a "property loan stock" company listed in the "Real Estate Holdings" sector on the JSE Limited ("JSE"). Premium derives its revenue from rentals receivable from property investments. The portfolio comprises commercial offices, retail, industrial and residential properties with a lettable area of 708 893m2 which includes 3 308 residential units. The total value of Premium’s portfolio at year-end was R3,58 billion. Premium uses the positive elements of gearing to maximise returns to unitholders.
The portfolio consists mainly of multi-tenanted buildings situated predominantly in the Pretoria Central Business District with further holdings in Hatfield, Silverton and the 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.