News

A symbolic topping out ceremony has just taken place on top of one of the two buildings of the Olimpijczyk Estate project located in the western part of Łódź, signifying that the construction work stage has been completed. Of the 132 apartments offered as part of the second stage of this project, almost 40% have already found their owners – 47 development contracts and four reservation agreements have been signed. The Olimpijczyk Estate is an intimate PHN investment located in Łódź’s Polesie...
PHN Group, thanks to rental income from new space, reported an increase in revenue from its key business segment, i.e. rental income, by PLN 13.8M in Q1 2024, up 24.2% year-on-year. Rental income increased from PLN 31.2M in Q1 2023 to PLN 43.6M in Q1 2024 (up 39.7%). In Q1 2024, EBITDA amounted to PLN 7.7M and was PLN 2.4M (-23.8%) lower than in Q1 2023. Adjusted EBITDA (EBITDA adjusted for the change in the fair value of properties and the result on their disposal, damages and penalties in...
After an intensive period of preparatory and design works, the company established by PHN and Hillwood has obtained a positive decision for the road investment. The road will connect the A4 highway exit and national road No. 30 with provincial road No. 351 in Zgorzelec. Based on the concluded road agreement with Zgorzelec municipality and a positive decision for the implementation of the road investment, construction works are planned to begin in the second quarter of this year. “We are...