PHN Group Has Completed an Important Milestone in the Construction of the VENA Office Building

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 sets new standards for modern and sustainable office architecture. VENA combines an intimate form with functionality, which perfectly meets the growing needs of the capital’s A-class office market. The office building is in the process of obtaining the BREEAM certificate with the Excellent rating, which will confirm the its compliance with the highest environmental standards, as well as the “Barrier-Free Facility” certificate, which will ensure full accessibility for people with special needs.

“The closing of the shell and core of the VENA office building is an important milestone in the implementation of this development, which is one of the key projects under our “New Start” strategy for 2025-2030. We are currently amid advanced talks with tenants who are considering leasing all available space in the office building. The great interest confirms the value of this investment, which on the one hand responds to the requirements of modern companies, and on the other hand is an example of how the PHN Group is aligning its portfolio with the changing market, focusing on quality, sustainability and innovative solutions,” said Maciej Klukowski, Member of the Management Board for Managing Property Assets, Polski Holding Nieruchomości S.A.

VENA is a project that stands out from other office developments in Warsaw. A modern facade with three-dimensional profiles, energy-efficient installations and smart building management systems are just some of the solutions that will ensure comfort and reduce operating costs. The office building envisages spacious green terraces, as well as parking spaces for cyclists and charging stations for electric vehicles. Such solutions are perfectly in line with PHN Group’s strategy, which focuses on sustainable development and eco-friendly solutions.

The general contractor for the project is Skanska, an experienced construction company which ensures high-quality implementation of development and office projects.

“Closing the shell and core is an important moment in the implementation of the project as well as confirmation of effective management of the construction process and good cooperation of all parties involved. We are pleased that Skanska is developing this project together with PHN Group – an investor with an established position in the market. Thanks to shared commitment and clear communication, construction is proceeding on schedule, and as a team we are well prepared for the next stages of the works. Our goal is to provide solutions that not only meet the needs of the market, but also truly support the development of modern Warsaw,” said Maciej Kiser, Director of the Commercial Warsaw Branch at construction company Skanska.

VENA is located in one of the most rapidly growing areas of Warsaw, at al. Prymasa Tysiąclecia. It is a project that offers excellent transportation accessibility thanks to its proximity to the Młynów underground station, the newly built tram line on Kasprzaka Street, the Warszawa Młynów SKM station and the Warszawa Zachodnia Railway Station. These connections make VENA an excellent alternative to the congested Daszyńskiego Roundabout, as well as provide convenient access to trams and buses. The implementation of VENA also includes the construction of a connection between 31 KD-D Street and Ordona Street, which will increase traffic accessibility of this part of Wola and facilitate daily life for residents of nearby neighbourhoods. It is also part of a broader vision to develop Wola as a modern business district that combines office, residential and service functions in one place.

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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.