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...
19
November
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...
09
October
PHN has renewed a lease agreement for more than 10,500 sqm with State Street Bank, the key tenant of the Titanium tower of the ALCHEMIA office complex in Gdańsk. Market data from H1 2024 shows that this is the largest lease transaction in the regional market and the third largest in Poland. ALCHEMIA is located in the Oliwa district, at al. Grunwaldzka 409, the most important thoroughfare in Gdańsk. The award-winning complex is LEED green certified with the Platinum rating. The upper floors of...
16
September
PHN and PKO Bank Polski have worked out a mutually satisfactory agreement regarding the lease of the SKYSAWA office complex by PKO BP. The purpose of the talks was to settle the finishing works as part of the SKYSAWA investment. Last Friday, 13 September, an agreement was signed, under which PHN and PKO BP completed negotiations on mutual settlements. Developing an optimal solution will enable the use of the entire complex and form the basis for good, stable cooperation between PHN and PKO...
10
September
Polski Holding Nieruchomości has signed a contract with ALSTAL, i.e. the general contractor for the first stage of the Nowa Nakielska by PHN project, located in the center of Bydgoszcz at Nakielska Street. As part of this stage, which will take about 20 months to complete, 170 apartments ranging from 27 sqm to 92 sqm will be built. Nowa Nakielska by PHN is a multi-stage project on the site of the former Woodworking Machine Factory that will combine various functions – primarily residential,...
05
September
PHN Group closed the first half of 2024 with revenue of PLN 304.3M, which, after taking into account administrative and sales expenses, translated into a net sales profit of PLN 62.4M. Thanks to rental income from new commercial space, the result on rental improved significantly compared to the same period of 2023 (up 34.1%). With the rental income from new space, including SKYSAWA and INTRACO Prime, PHN Group reported an increase in revenue from its key business segment, i.e. rental income,...

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