PHN Group recorded a significant increase in management efficiency between January 2016 and October 2017. Improvements were made in such areas as lease efficiency, investment program implementation, financial ratios, cost control and corporate governance. During the period in question, PHN Group achieved the lowest vacancy rate in its six-year history. The 14.6 percent figure recorded in October 2017 represents a 43 percent decrease compared to January 2016 (25.7 percent). The Group’s total...
On October 19, 2017, an official gala took place on the Warsaw Stock Exchange during which results of “The Best Annual Report 2016” competition, organized by the Accounting and Tax Institute, were announced. Polski Holding Nieruchomości S.A. was awarded again – this time for the best annual report in the sWIG80 index. It is already for the 12th time that the Accounting and Tax Institute invited companies to “The Best Annual Report” competition, aimed at promoting annual reports of top usable...
PHN Group officially handed over to the General Contractor - Mostostal Warszawa – the construction site for Vis á Vis Wola project in Aleja Prymasa Tysiąclecia 83. The signature of the handover protocol for the construction site means start of construction and contractor's responsibility for any activities at the construction site. The agreement with Mostostal Warszawa S.A. covers implementation of the 1st stage of construction, i.e. two residential buildings with underground garages and a...
The demolition of the 10-storey building in Świętokrzyska 36 by PHN Group entered the critical phase. The heaviest equipment entered the site to demolish the old building. A modern A-class high-rise building, which will enhance Warsaw’s skyline and deliver approx. 40,000 sq. m of leasable area to future tenants, will replace the old one. Key demolition works of the building ul. Świętokrzyska 36, which attract the attention and interest of many Varsovians, have started. The building which for...
Polski Holding Nieruchomości Group attained the lowest vacancy rate in its 6-year history i.e. 14.2%*. PHN Group reached the average vacancy rate in the Warsaw market of modern office space, which is currently around 14.0%**. Today, PHN Group concluded a rental agreement with NASK Research Institute for more than 1,000 sq.m. of office space. Recently, the rental agreement for more than 6,200 thousand sq.m. was concluded with the Polish branch of NOKIA, therefore one of the most modern...