In H1 2017, PHN Group improved its economic effectiveness and financial results among others by increasing its rental revenue by 1.5% YoY to PLN 75.1m and reducing property maintenance expenses by 8.9% YoY to PLN 33.6m. Adjusted EBITDA also increased significantly to PLN 27.2m, a year-on-year improvement of 6.7%. In H1 2017, PHN Group adopted a new Strategy for 2017–2023 which assumes increasing the fair market value of its real estate portfolio to ca. PLN 6 billion in 2023. The Group will...
PHN Group is starting the demolition of the building located at al. Wilanowska 372.The old building will be replaced by a hotel project with a total area of ca. 15,500 sq.m., based on cooperation with the international hotel network Hospitality Licensing (“Marriott International”), which assumes the combination of two brands: the designer concept MOXY with the apartment part RESIDENCE INN – which is a leader in the extended-stay segment. According to the schedule, the works are to be completed...
With the decision of the Governor of the Pomorskie Voivodeship, PHN Group received the final permit for the construction of a marina forming part of the Yacht Park project located at ul. Arkadiusza Rybickiego 10 in Gdynia.Under the project, PHN will build a luxurious residential complex, a modern marina and a promenade with boutiques and restaurants. The decision of the Governor of the Pomorskie Voivodeship, approving the construction design, means that PHN will soon commence the construction...
The Polski Holding Nieruchomości S.A. Group has entrusted the consortium consisting of Juvenes – Projekt Sp. z o.o. and INTEC PROJEKT Sp. z o.o. with the design a new office building that will be situated in the area currently occupied by a parking lot, in front of the existing INTRACO building, at Stawki 2 in Warsaw. The investment will provide approx. 12,000 sq.m. of A-class leasable area for the future tenants. PHN Group is developing a modern A-class office building that will replace the...
Today, PHN Group concluded an agreement for the sale of its shares in Wrocław Industrial Park Sp. z o.o. with its registered office in Warsaw, constituting 50% of that company’s share capital, to SEGRO B.V. with its registered office in Amsterdam. The sale of shares is connected with PHN Group’s withdrawal from the Wrocław Industrial Park warehouse and industrial project. Wrocław Industrial Park was being implemented by a PHN Group company – Warszawski Holding Nieruchomości S.A. – under a...