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PHN Group, owner of the INTRACO office building at ul. Stawki 2 in Warsaw, has announced its decision to demolish the existing building. This is the beginning of a new phase – preparations for the construction of a modern, energy-efficient and environmentally friendly high-rise building, which in its new form will continue INTRACO’s recognizable presence in this part of the city, while respecting the history of the site. The current INTRACO building, despite years of attempts to modernize it,...
PHN Group closed the first quarter of 2025 with very good financial results. Net profit reached a historic high of PLN 185.9M, driven primarily by VAT refund. It is worth noting that operating profit for the period amounted to PLN 101.9M, an increase of 14.3% year-on-year. In Q1 2025, PHN Group generated sales revenue of PLN 223.8M, which, after taking into account administrative and sales expenses, translated into a net sales profit of PLN 41.8M. This represents an increase of about 52%...
PHN Group has completed an important milestone of construction of the VENA office building at al. Prymasa Tysiąclecia 83 in Warsaw. The closing and topping out of the shell and core is another step in the development of a modern and sustainable office building that will enrich Warsaw’s A-class real estate market by 15,000 sqm. The construction is expected to be completed in the first quarter of 2026. The VENA office building, located in the heart of Warsaw’s Wola district, is a project that...