PHN and Wody Polskie Join Forces for Innovative Projects

Polski Holding Nieruchomości and Państwowe Gospodarstwo Wodne Wody Polskie have signed a letter of intent, paving the way for cooperation in real estate management. The joint activities are aimed at optimizing the use of real estate assets and supporting the growth-oriented projects of both institutions.

The agreement provides for establishing cooperation covering analysis of real estate assets, preparation of development concepts and raising financing for growth-oriented projects. The cooperation will include initiatives that foster sustainable water management to better align real estate projects with environmental and natural resource conservation requirements.

“The signing of the letter of intent with Wody Polskie opens up new opportunities for us to build synergy between our entities. We believe that joint activities contribute to more effective management of real estate assets and implementation of innovative projects that will serve both our organizations as well as local communities,” said Jacek Krawczykowski, Vice President, Member of the Management Board for Investment, Polski Holding Nieruchomości S.A.

“The signing of the letter of intent with Polski Holding Nieruchomości S.A. is an important step for us to effectively manage our real estate assets. Together we want to work for growth, combining our experience in water management with the knowledge and competence of our partner in property management,” stressed Jacek Jarząbek, Deputy President of Wody Polskie for Economic and Organizational Affairs.

Państwowe Gospodarstwo Wodne Wody Polskie is responsible for water management in Poland, including protecting residents from floods and drought, sustainably managing water resources, and ensuring good water quality for present and future generations.

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ABOUT THE PHN GROUP

Polski Holding Nieruchomości S.A. is one of the largest groups in the Polish commercial property sector in terms of the market value of its portfolio. PHN Group has a diversified business profile – it is primarily active in the office, residential and logistics markets. PHN Group’s portfolio comprises more than 150 standalone properties with a market value of approx. PLN 3.5B. PHN Group provides comprehensive rental and management services – it currently manages more than 500,000 sqm of leasable space. PHN Group owns about 270 hectares of land earmarked for projects in various market segments. PHN Group is also active in the construction sector – by providing general contracting, subcontracting and design services, as well as in the development sector as an investor – by carrying out projects related to the construction and sale of residential units and the construction of commercial buildings. PHN Group’s main market is Poland. PHN’s activities in the rental segment are concentrated primarily in Warsaw and the largest regional cities, including the Tri-City, Poznań, Kraków, Katowice, Łódź and Wrocław. PHN has been listed on the Warsaw Stock Exchange since 13 February 2013.