Premia Properties: Leader in the field of Real Estate
It is the fastest growing company in the real estate industry and sets new standards by drawing best practices from the know-how of its shareholders operating abroad
Premia Properties, with vision, strategy and dedication, systematically strengthens its position in the field of Real Estate and becomes a model company for its industry.
Continuing its dynamic course, it significantly strengthened its real estate portfolio in the field of logistics and commercial real estate big-box type, while expanding its activity in the field of serviced apartments.
Moreover, it proceeded to a significant expansion of the real estate portfolio with the addition of a total of nine (9) new properties, while it made a strategic entry in the sector of serviced apartments.
It is worth noting that in total there is an increase of 63% in the Group’s total investment value, which amounted to 173.1 million euros on 30.9.2021.
At the same time, it achieved a significant increase in the Group’s Net Worth at 114.6 million euros, this is also an increase in its cash reserve which amounted to 43.8 million euros, following the recent Share Capital Increase.
The successful strategy is reflected in revenue growth, improvement of operating profitability and earnings before taxes on a consolidated basis compared to the corresponding period of 2020 as a result of the addition of new investments as well as the subsidiary JPA S.A.
Assets of more than 230 million euros
With assets in excess of 230 million euros, Premia Properties stands out for its healthy financial structure.
It draws experience and know-how through the international main shareholder Sterner Stenhus, while it also has a well-diversified portfolio with 27 properties in Greece, with a total gross value of 173 million euros, including social real estate (schools) managed through a PPP contract (Public-Private Partnerships). Noteworthy is the successful, third in a row, Share Capital increase that attracted many investors and was oversubscribed by 1.36 times.
In fact, through the last RMR, FASTIGHETS AB BALDER entered the share capital of Premia as a strategic partner, acquiring a percentage of 17.22%.” The latter has a presence in 6 countries and belongs to the Swedish multi-millionaire Erik Selin, who is one of the 750 richest people in the world, according to Forbes magazine and is considered an expert of the industry worldwide with a successful course of about 30 years in the field of Real Estate.
Strong growth potential
Premia Properties is a company that has experienced rapid growth. It has managed to increase the size of its portfolio from seven (7) properties worth 65.9 million euros about a year ago in twenty-seven (27) today, exceeding 181 million euros, including social real estate (schools), a field in which Premia is considered a pioneer.
Three share capital increases in 1,5 years
At a time of market volatility and unpredictable external factors such as the pandemic, Premia Properties has strategically focused on key sectors for the economy such as logistics, big boxes and social real estate that at the same time make growth less vulnerable to external factors.
At the same time, it has successfully completed 3 Share Capital Increases in just 1.5 years and has expanded, in impressive numbers, its financial figures as well as its portfolio.
Development based on the experienced Management Team and the people of Premia
Premia Properties has invested in an experienced management team, aiming at continuous development, the implementation of the targeted strategy, as well as substantial progress.
With a long professional course and specialization, the Management team of Premia Properties, has a clear orientation in results with great skills in entrepreneurship, development, rapid and strong upgrading of projects as well as the management and development of human resources.At the same time, the company’s timeless driving force is its people who possess a high level of know-how, excellent knowledge of the industry and a unique sense of teamwork.
Responsibility and Sustainability
Premia Properties has already placed particular emphasis on enhancing the quality characteristics of its portfolio and is committed to transparency, sustainable development and socially responsible operation.It invests consistently in Greece, contributing directly and indirectly to the development of the economy and the enhancement of employment. Specifically, it seeks to adopt Sustainable Development principles through its compliance with the practices of the international and Greek ESG (Environmental, Social and Governance) indicators. Recently, this policy was rewarded with the inclusion of the Company in the Greek Sustainability Code and the ESG Index of the Athens Stock Exchange.
Inclusivity and Strengthening of the “together” culture
Premia Properties has a participatory culture that encourages the inclusion of all audiences in its share capital. At the same time, the operation of the company is aligned with the strong willingness to offer and create value for stakeholders and society. Finally, it aims at creating a strong name in the real estate industry with guarantees the success, trust and shareholder/public participation.
Ambitious Prospects for the future
The company’s goal is to strengthen the real estate portfolio in the sectors it already has a presence in, such as logistics, big-boxes, socially-oriented buildings, serviced apartments, as well as to selectively examine its entry into other sectors of real estate.At the same time, in order to strengthen Premia’s strategic position in the real estate market, the Company’s Board of Directors decided to submit an application for its licensing as a Real Estate Investment Company S.A. (“REIC”). The receipt of the relevant license is subject to the approval of the Hellenic Capital Market Commission.This strategic move serves the Strategic Planning of the Company, which aims at its more effective activity in the real estate market by exploiting the tax advantages offered by the REIC framework.
The Company’s identity
The company was founded in 1991 and is active in the field of real estate development and management. In July 2020, through a share capital increase, STERNER STENHUS GREECE AB, a real estate company listed on the Stockholm Stock Exchange, acquired the majority stake of its shares.
PREMIA PROPERTIES represents perhaps the most successful turnaround story we have seen in recent years in the Greek market, with a turning point being its acquisition through an increase of its share capital by STERNER STENHUS. At the same time, it managed to gain a strong position in a sector of crucial importance for the national economy, directly linked to key sectors for the country’s development course.
