The PHN Group has signed an agreement with UNIBEP for the construction of a housing estate in Warsaw at ul. Kolejowa 19, which will include 148 apartments. Sales of the apartments will begin later this June. The construction is expected to be completed late next year. The project assumes the construction of four buildings with a total usable area of 72,000 sq.m., which will house 148 apartments with a service part and an underground garage. The buildings have been designed with the most...
PHN Group has started the construction of its first residential investment in Wrocław on Zatorska Street. The sale of 172 apartments with a total usable area of over 8,000 square meters will begin in June this year. The general contractor of the investment is Chemobudowa-Kraków, a company from the PHN Group. The construction is expected to be completed in the first quarter of 2024. The cosy housing estate will be built in the dynamically developing Zakrzów district, located in a quiet part of...
The lower part of the SKYSAWA office and commercial complex, the flagship investment of Polski Holding Nieruchomości, has been awarded the final BREEAM certificate on the highest possible level (Outstanding) with a record score of 94.1 percent. This is currently the highest rating in Poland in the BREEAM New Construction 2016 system. Thus, the score from the “interim” stage has been increased by more than 3 percent. When applying for a certificate in the BREEAM New Construction multi-criteria...
In the first quarter of this year, PHN Group once again reported solid financial results. Despite challenging market conditions, the Group achieved a 2.5 percent increase in rental revenue. PHN Group’s net profit in the first quarter of this year amounted to PLN 21.3 million. Rental revenue amounted to PLN 48.5 million as compared to PLN 47.3 million in the same period last year, and EBITDA rose to PLN 57.4 million vs. PLN 50.3 million a year ago. The company has consistently diversified its...
PHN’s Management Board has recommended that the General Meeting of Shareholders allocate PLN 18.4 million of the 2021 net profit to dividend, i.e. PLN 0.36 per share. As regards the remaining part of the net profit for last year, amounting to PLN 54.2 million, the Management Board proposes to allocate it to increase the reserve capital and to implement the investment program. PHN has been paying regular dividends to its shareholders for many years. Last year, the company paid out a total of...