The construction of the next stage of a logistics and warehouse project in Świebodzin has been ended with a topping out ceremony. This means the completion of the building’s structure and commencement of construction works inside it. The project is being developed in the BTS (built to suit) formula in cooperation with Hillwood Polska. On Tuesday, June 18, a topping out ceremony took place at the warehouse project in Świebodzin. The event was attended by representatives of local authorities,...
SKYSAWA will soon be built at ul. Świętokrzyska 36 in Warsaw. The name of the new project of Polski Holding Nieruchomości combines modernity with a fresh look at the capital’s old legend. The name “SKYSAWA” was created by combining the words “sky” and “Sawa”. The first one refers to the architecture, the 155-meter tower included in the PHN office complex, as well as the development opportunities offered by a state-of-the-art, well-located investment. On the other hand, “Sawa” refers to a...
Polski Holding Nieruchomości has successfully carried out the first issue of 4-year bonds with a total nominal value of PLN 160 million. Bonds are issued under the bond issue program established by PHN in April this year. The company will use the acquired funds for the implementation of the investment program. A-series bonds, each with a nominal value of PLN 1,000, are unsecured bonds with the maturity date of June 2023. The bonds’ interest rate is variable and equal to WIBOR 6M + 2.4%...
The Management Board of PHN recommended increasing the dividend for 2018 to PLN 0.41 per share. It reflects the company’s good and stable financial standing and is a result of dynamic growth. The final decision on profit distribution will be made by the Ordinary General Meeting. The Management Board of Polski Holding Nieruchomości proposed allocating PLN 19.2 million of the company’s profit for the previous year (PLN 31.7 million) to a dividend for shareholders. If this proposal is approved...
In Q1 2019, PHN Group’s adjusted EBITDA increased by 15.5% year-on-year, to PLN 20.1 million. The last quarter was a period of consistent implementation of the investment program. In Q1 2019, the PHN Group recorded rental revenue of PLN 41.6 million, a year-on-year improvement of almost 8%. The PHN Group also recorded a rental profit of PLN 24.8 million compared to PLN 20.6 million in the same period last year. “We have achieved very good and growing financial results in the first quarter of...