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...
In the first three quarters of 2021, PHN Group improved its financial performance by further diversifying its development activities and controlling costs. Net profit amounted to PLN 43.7 million compared to PLN 0.1 million in the same period last year. Rental income increased to PLN 79.4 million, while development income rose to PLN 34.2 million. The results improved due to increased result on rental, result on construction operations and keeping costs under control. The strategic goal of the...
On the 103rd anniversary of Poland’s regaining independence, the national flag will be displayed on the flagship investment of Polski Holding Nieruchomości Group – the SKYSAWA office building.In addition, on the façade of the tenement house at ul. Wierzbowa 9/11, belonging to the PHN Group, a multimedia show will be presented to commemorate regaining independence by Poland. For many years PHN Group has been actively involved in commemorating historical events important to Poland.This year, for...
Polski Holding Nieruchomości dynamically develops its activities in the residential construction segment. At the construction site of the Młoda Białołęka estate, the general contractor has started the finishing works on the facade as well as the installation works. After nine months from the beginning of the works, one of the buildings was topped out, marking the completion of the construction works stage at the housing estate. The project is located at ul. Geodezyjna 72 in Warsaw’s Białołęka...
There is smooth and rapid progress in construction works at the new INSTA 21 housing estate being built by the Polski Holding Nieruchomości Group in Warsaw at ul. Instalatorów 21. A topping out ceremony was held at the project site, which means that structural construction works have been completed and the building has reached its target height. The housing estate located in Warsaw’s Włochy district includes 87 apartments with total usable area of 4,000 sq.m. Most apartments have already been...