News

17
September
In Q1 2018, PHN Group achieved solid and growing financial results, noting revenue from property leases of PLN 78.2 million compared to PLN 75.1 million in the similar period last year, which was mainly due to the conclusion of new lease agreements. The company continues the implementation of investment projects — having the final construction permit it commences the construction of a complex of buildings located at ul. Świętokrzyska 36 in Warsaw. In the first half of the year, the PHN Group...
31
July
Tomorrow at dusk, the symbol of Fighting Poland — the characteristic anchor — will appear on the INTRACO skyscraper belonging to the real estate portfolio of PHN Group. The lights lit in 72 windows, on 8 floors between the 30th and 37th floor, will create the symbol of the Polish Underground State. This is the fifth time the PHN Group will commemorate the anniversary of the Warsaw Uprising. The Warsaw Uprising broke out on August 1, 1944 and was the largest military effort undertaken by the...
26
July
Chopin Airport Development has signed an agreement for the construction of Moxy hotel that belongs to the Marriott International chain. The building that will be located in the immediate vicinity of the Poznań-Ławica Airport will start operating by the end of the next year. The hotel with a total area of over 5,300 sq.m. will offer 120 rooms, a restaurant, conference room, fitness club and a parking lot for 89 vehicles. This is the second Moxy hotel in the portfolio of Chopin Airport...
05
July
PHN Group officially handed over to the General Contractor — EUROBUDOWA — the construction site for building a commercial and service building at ul. Geodezyjna in Warsaw's Białołęka, by Trasa Toruńska. A long-term lease agreement has been signed with the tenant. The agreement with EUROBUDOWA Sp. z o.o. includes the construction of a commercial and service pavilion with technical infrastructure, parking lots and exit from the internal road. The contractor's obligations also include obtaining...
22
May
In Q1 2018, the PHN Group generated a net profit of PLN 12.7 million compared to net loss of PLN 2.5 million in the similar period last year. The most reliable efficiency indicator — adjusted EBITDA — in Q1 2018 amounted to PLN 14.2 million, a year-on-year improvement of 4.0%. In the immediate future, PHN Group will continue to implement the investment program and improve the economic efficiency. In 2018, the PHN Group acquired new tenants, including: DPD Polska (under the HILLWOOD & PHN...

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