PHN Group has signed an agreement on building and renting a retail facility for an established commercial entity. The facility will be used for retail purposes. The cooperation between PHN Group and the commercial entity assumes project implementation in the built-to-suit formula – a “tailor-made” project, adjusted to the needs of the future tenant. As part of the project, PHN Group will design, construct, and then rent out a retail facility with accompanying technical infrastructure, taking...
Parzniew Logistics Center 1 Sp. z o.o., which is owned by Polski Holding Nieruchomości S.A. (“PHN”) and Parzniew Partners BV – a Hillwood Group company (“Hillwood”) – signed agreements on rental of warehouse and office areas with Cosentino and Westwing. Pre-let of 55% has thus been achieved and PHN and Hillwood are commencing the first stage of the Hillwood & PHN Pruszków project. The first stage of the Hillwood & PHN Pruszków will consist of two independent buildings with a total area...
In 2016,PHN Group improved its economic effectiveness and financial results among others by increasing its rental revenue by 20.5% YoY from PLN 127.4m to PLN 153.5m.This year, PHN Group will intensify the implementation of new commercial projects, which will enrich the Company’s real estate portfolio in the coming years. In 2016, adjusted EBITDA increased by 55.7% YoY to PLN 50.3m. The Company reduced administrative expenses, which in 2016 amounted to PLN 31.1m compared to 38.4m YoY. “We are...
Today, Polski Holding Nieruchomości S.A. Group and the State Fund for Rehabilitation of Disabled Persons signed an agreement on leasing office and warehouse area in the building located at ul. Kolejowa 19 in Warsaw.The agreement was signed for a period of 10 years. The agreement includes both an extension of the existing long-term rental, and expanding the rental area in the building at ul. Kolejowa 19 in Warsaw. To date, the State Fund for Rehabilitation of Disabled Persons has occupied ca. 2...
Polski Holding Nieruchomości  S.A. Group and the wood-working machine manufacturer Fabryka Obrabiarek do Drewna Sp. z o.o. signed a letter of intent on the possibility of entering into cooperation in the area of developing both parties’ properties located in Bydgoszcz and its surroundings, in order to use the grounds in question in the best possible way. PHN Group owns an attractively located investment area situated in the north-east outskirts of Bydgoszcz, in Niwy. This area is situated in...