In 2021, PHN Group achieved stable financial results thanks to consistent diversification of operations and strict cost control. Net profit rose to PLN 73.7 million as compared to PLN 70.1 million in 2020. Last year, despite challenging market conditions related to the pandemic, supply chain disruptions, rising labor and building material costs, or profound changes in the office market, the company maintained rental income at levels similar to 2020. Operating expenses were also kept in check....
The “Hotels for Medics” Foundation has donated 100 thousand zlotys to the Central Clinical Hospital of the Ministry of Interior and Administration in Warsaw to fight COVID-19. With these funds, the hospital will finance the purchase of neurosurgical instruments.  “Since the outbreak of the pandemic, the Hotels for Medics Foundation has already committed more than 1.5 million to prevent, counteract and eradicate COVID-19. This time the donation of 100 thousand zlotys went to the Central...
SKYSAWA has earned a nomination in the international BREEAM Awards 2022 competition in the “Regional Award Central and Eastern Europe” category. In 2020, the lower part of the SKYSAWA complex competed for the same award. This year’s winners will be announced at a gala to be held in London on 22 March. The BREEAM Awards competition is organized by the international certification body Building Research Establishment (BRE) Global. The main goal of the competition is to recognize projects that set...
PKO Bank Polski has signed a long-term lease agreement for all of the space in one of the most modern office buildings, SKYSAWA, located in the very center of Warsaw. The handover of the office building, which is the flagship investment of Polski Holding Nieruchomości, is planned for the fourth quarter of this year. The lease agreement for approximately 35,000 square meters of space concluded with PKO Bank Polski is the largest transaction of this type on the commercial real estate market in...
PHN Property Management, a member of Polski Holding Nieruchomości and Polski Holding Hotelowy, signed a 7-year loan agreement with Bank Pekao S.A. to refinance the acquisition of an organized part of the Cosmar Polska company, operating under the trade name "Regent Warsaw Hotel". PHN Property Management acquired the organized part of Cosmar Polska from the bankruptcy trustee in February 2021 for PLN 130.5 million. The transaction is part of PHN Group's strategy which, in addition to...