Polski Holding Nieruchomości has selected a general contractor and officially announced the start of construction for the second phase of the Młoda Białołęka residential estate in Warsaw. PHN’s new project will provide a total of 181 apartments. The Warsaw-based company ALFA-BET Polska is scheduled to complete the works by mid-2025. The planned development is located at 72 Geodezyjna Street, between Trasa Toruńska and Głębocka Street in Warsaw’s Białołęka district. The project represents the...
PHN Group, thanks to its consistently pursued policy of diversifying its activities, generated in the first half of this year PLN 280.3 million in consolidated sales revenue. Thanks to strict cost control, adjusted EBITDA amounted to PLN 44.2 million. PHN Group had a successful first half of 2023 in terms of operations. Consolidated rental revenue, a key segment of the business, increased year-on-year by 20%, to PLN 118.3 million, with a result of PLN 68.9 million. Revenue from construction...
On Wednesday, 23 August, a new 99th Castorama store in Poland and the 7th in Warsaw was launched at the Building and Interior Design Centre in Warsaw, owned by Polski Holding Nieruchomości. PHN signed a long-term lease agreement with the retail chain for the building located on Bartycka Street in Warsaw. The capital’s new Castorama store is located in the Mokotów district, at ul. Bartycka 26, on a property owned by PHN. This is an address with an “industry” history, where the Building and...
Polski Holding Nieruchomości has signed a contract with Unibep for the construction of the second phase of Osiedle Olimpijczyk, a housing estate in Łódź in the Polesie district. The general contractor, which was selected in a tendering procedure, has successfully completed the first phase of the project. 132 apartments will be handed over in the first quarter of 2025. The new residential project is a continuation of Osiedle Olimpijczyk, a housing estate located at ul. Janusza Kusocińskiego 119...
Polski Holding Nieruchomości successfully develops its activity in the residential construction segment in another regional market. One of the buildings in the ŁAN estate in Wrocław has been topped out, which means that the construction stage has been completed and the general contractor is starting facade finishing and installation works. More than 170 apartments will be delivered in H1 2024. ŁAN estate is the first residential project being developed in Wrocław by Polski Holding...