State majority-owned, Warsaw Stock Exchange-listed commercial real estate investor Polski Holding Nieruchomości (PHN) has revealed it has recently obtained a building permit for a high-rise office project that it plans to develop in the downtown of the Polish capital. Called PHN Tower, the scheme will be located on ul. Świętokrzyska near the Rondo ONZ subway stop and will comprise 46,500 sqm of leasable space. PHN is currently in the process of selecting a general contractor for the development with construction work scheduled to start next year. A lower building that will be part of the PHN Tower investment is expected to be completed in 2021, while the 155-meter skyscraper should be ready in late 2023 or early 2024.
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