PHN, Chopin Airport Development mull joint investments

Image: PHN

State majority-owned, Warsaw Stock Exchange-listed commercial real estate investor and manager Polski Holding Nieruchomości (PHN) and Chopin Airport Development, a subsidiary of state-owned airport operator Przedsiębiorstwo Państwowe “Porty Lotnicze” (PPL) have signed a letter of intent regarding their potential future cooperation on the development of office and hotel projects. PPL is focused on the development of schemes located near the largest airports across Poland. The company’s portfolio includes existing airport hotels in Warsaw and Gdańsk, with PPL now also planning new airport hotel developments in Katowice and Poznań. A few years ago, the company announced its plans to develop a large piece of land located near Warsaw Chopin Airport, which could potentially accommodate a major office park.

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