On December 8, 2016, Polski Holding Nieruchomości and Pomorska Specjalna Strefa Ekonomiczna (Pomeranian Special Economic Zone) signed a letter of intent on the possibility of entering into cooperation and conducting joint activities which may include adding PHN Group’s properties situated in Pomorskie and Kujawsko-Pomorskie Voivodeships, jointly specified by the Parties, to the zone. The letter of intent specifies that Polski Holding Nieruchomości S.A. and Pomorska Specjalna Strefa Ekonomiczna...
In November this year, PHN Group signed lease agreements with City Security and FALCK Medycyna for office space in Intraco – one of PHN’s key office buildings, located near Warsaw’s business center. Moreover, December 7 saw the official opening of the Warsaw office of Doraco Construction Corporation in Foksal 10 building belonging to PHN Group. City Security will move into the Intraco building until the end of January 2017 and will occupy nearly 1,000 sq.m. PHN signed a long-term agreement...
The results of PHN S.A.’s competition for preparing an architectural and urban planning concept for the complex of office buildings and green areas at ul. Hryniewickiego 10 in Gdynia have been publicly announced. The first place was taken by the architectural studio S.A.M.I. Architekci Mariusz Lewandowski i Wspólnicy Sp. z o.o., which will be invited to negotiate the terms and conditions of an agreement for preparing design documentation, constituting a detailed development of the competition...
On November 16, 2016, 17 key Polish enterprises – companies with the Treasury’s stake – including Polski Holding Nieruchomości S.A. signed a notarial deed on establishing Polish National Foundation and its statute. “The Foundation has an important task – promoting the Polish economy and shaping a positive image of companies with the Treasury’s stake and their investment projects in Poland and abroad. There is power in synergy, so it makes sense that the founders perform this task together,”...
In the first three quarters of 2016, PHN Group’s rental revenue increased by 22.3% to PLN 113.6 million, compared to PLN 92.9 million year-on-year. In the last quarter, the Group conducted advanced works on new commercial projects which will enrich the Company’s real estate portfolio in the coming years. EBITDA improved considerably, increasing by over 16% to PLN 38.8 million, while adjusted EBITDA increased by nearly 73% to PLN 38.9 million. Administrative expenses fell by 9.5% year-on-year,...