PHN Group started the demolition of the 10-storey building at ul. Świętokrzyska 36. The old building will be replaced by a flagship project of Polski Holding Nieruchomości S.A. This state-of-the-art, A-class high-rise building will improve the panorama of Warsaw, and deliver approx. 40,000 sq.m. of leasable area to future tenants. According to the schedule, the demolition will be completed by the end of the year. Currently, windows are being dismantled. Demolition works are conducted by the...
Polski Holding Nieruchomości S.A. received the title of “Transparent Company of the Year 2016” in the first edition of the ranking prepared by the Accounting and Tax Institute and “Parkiet” stock exchange daily.The ranking’s results were based on a survey among companies, covering three major areas of communication with the market:financial reporting, investor relations and corporate governance principles.   The ranking’s organizers aimed at improving the quality of public companies’...
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...