PKP S.A., Polski Holding Nieruchomości S.A., Xcity Investment Sp. z o.o. and Chopin Airport Development Sp. z o.o. commence cooperation in the commercial development of properties owned or managed by PKP S.A.  Today, the representatives of 4 entities signed a letter of intent on this matter. Land for investments will be selected by a working group which establishment is envisaged by the signed letter of intent. Its tasks include determining the optimal legal and business framework for a given...
In 2017, the PHN Group achieved an improvement in economic efficiency and better financial results by increasing the adjusted EBITDA, which in the analyzed period increased to PLN 52.1 million, a year-on-year improvement of 3.6%. The Company reduced property maintenance expenses, which in 2017 amounted to PLN 68.5 million compared to PLN 76.3 million last year. In 2018, PHN Group will continue to intensify the investment program and improve the economic efficiency. In April 2017, the new...
At the moment, following negotiations, the parties decided not to finalize the takeover of Korporacja Budowalna DORACO Sp. z o.o. PHN Group and Korporacja Budowlana DORACO Sp. z o.o. will continue to cooperate, and the present decision does not affect the implementation of the Yacht Park residential project in Gdynia, in which DORACO remains the General Contractor. “We have ended negotiations regarding the takeover of Korporacja Budowlana DORACO Sp. z o.o. by PHN Group. We jointly made the...
PHN Group has reached the lowest vacancy ratio in its 7-year history: 11.4% for properties remaining in its portfolio. Moreover, PHN Group’s portfolio of A-class office buildings has a vacancy ratio of 0%, while the average vacancy ratio in Warsaw’s A-class office buildings is currently ca. 11.7%*. Since 2018, PHN Group has concluded several significant agreements for leasing office space in the KASKADA building – one of key office facilities of Polski Holding Nieruchomości S.A. – with the...
PHN Group has recently signed lease agreements with ENEA S.A. and the National Institute of Freedom – Center for the Development of Civil Society for office area in KASKADA building – one of key office facilities of Polski Holding Nieruchomości S.A., located in the very center of Warsaw at al. Jana Pawła II, near the ONZ Roundabout. ENEA S.A. will move into KASKADA on May 1 and occupy ca. 530 sq.m. of office area on the fourth floor. Enea is a renowned seller, distributor and producer of...