News
A symbolic topping out ceremony has taken place on top of one of the seven buildings of the Młoda Białołęka housing estate located in the most dynamically developing part of Warsaw. This event signified the completion of the construction work stage. Of the 181 apartments offered as part of the second phase of the project, more than 47% have already found their owners – 84 development contracts and eight reservation agreements have been concluded.
The housing estate is located on Geodezyjna...
Polski Holding Nieruchomości has raised PLN 125M from the issue of 3-year E-series bonds, which went to 20 investors after a nearly 50% reduction. The issue attracted strong interest from investors, who at the book-building stage made bids for about PLN 183M. Among other things, PHN Group will use the funds raised to implement its investment program. The bonds were issued under a 7-year bond issue program established in April 2019 with a total value of up to PLN 1B.
The private issue included...
In the three quarters of 2024, PHN Group achieved record rental revenue of PLN 220.0M, up 20% year-on-year, while also recording an increase in operating profitability in the rental segment from 59% to 64%. As a result, PHN Group also significantly improved its adjusted EBITDA, which stood at PLN 106.4M after three quarters of this year, which means an increase of nearly 40% from the three quarters of 2023.
PHN Group closed the three quarters of 2024 with revenue of PLN 482.3M, which, after...
Polski Holding Nieruchomości S.A.
al. Jana Pawła II 12, 00-124 Warszawa
tel.: +48 (22) 850 91 00, fax: +48 (22) 850 91 01, e-mail: sekretariat@phnsa.pl
