The Polski Holding Nieruchomości S.A. Group more than doubled its net profit in Q1 2020 in comparison to the same period last year — the consolidated net profit amounted to PLN 29.6 million compared to PLN 12.7 million in the same period last year. In Q1 this year, adjusted EBITDA of the PHN Group increased to PLN 26.2 million, and rental revenue amounted to PLN 46.6 million compared to PLN 41.6 million last year. “This is another very good quarter in which Polski Holding Nieruchomości...
Krakow-based BE DDJM architectural studio is the winner of the first prize in the competition for the architectural and urban planning concept for multi-family residential buildings and service buildings between Zatorska and Odolanowska streets in Wrocław. “I am convinced that this competition will go down in the history of Polish competitions and urban planning. Not only due to the conditions under which we selected the winner,” said Zbigniew Maćków, architect. The competition organized by...
In Q1 2020, Polski Holding Nieruchomości S.A. and Poczta Polska S.A. renewed the lease agreement for ca. 20,000 sq.m. of space in Domaniewska Office Hub (DOH) at ul. Rodziny Hiszpańskich 8 in the Warsaw district of Mokotów. The annex was signed for 5 years. Market data indicates that the renegotiation of the agreement was the largest office space lease transaction in Poland in Q1 2020. Domaniewska Office Hub is an A-class office complex located in the prestigious Mokotów district, offering...
Polski Holding Nieruchomości supports the fight against the coronavirus epidemic. The company decided to donate PLN 1 million to the Hotels for Medics Foundation, which will make it possible to finance the stay in hotels of medical staff and quarantined individuals who must undergo quarantine outside their homes. “In these difficult times, we should all have the same goal — to stop the pandemic. Only united actions will help us to effectively stop COVID-19. Each of us can participate in...
The PHN Group significantly improved its results in 2019 due to the good economic situation on the domestic commercial and residential property market, new projects and cost control. The consolidated net profit increased by over 40% to PLN 69.0 million compared to the previous year, and rental revenue amounted to PLN 171.9 million compared to PLN 160.0 million in the previous year. Last year, the PHN Group achieved the highest operating profit in its history — EBITDA almost doubled to PLN...