Locked content PHN to buy two Wilanów office projects from Polnord

PHN has signed a letter of intent with Polnord and its subsidiaries to purchase the Bethone and Befree office schemes within the Wilanów Office Park in Wialnów. The buildings offer 17,580 sqm of GLA. PHN is one of Poland’s largest real estate investors, with portfolio comprising 140 assets worth PLN...

PHN dismisses CEO

WSE-listed, state-run real estate firm Polski Holding Nieruchomości (PHN) dismissed its CEO Maciej Jankiewicz and appointed the head of its supervisory board Izabela Felczak-Poturnicka as acting CEO, the company said in a market filing.

Locked content PHN with UOKiK approval regarding takeover

WSE-listed developer Polski Holding Nieruchomości PHN received a green light from the antitrust watchdog UOKiK regarding the takeover of a general contracting firm. The name of the company was not disclosed, but PHN filed a motion to acquire Korporacja Budowlana Doraco back in December. “The company...

PHN sells stake in Wrocław logistics park to SEGRO

A subsidiary of state majority-owned, Warsaw Stock Exchange-listed commercial real estate investor Polski Holding Nieruchomości (PHN) has sold its 50-percent stake in Wrocław Industrial Park, the owner of an eponymous logistics project in Wrocław, to warehouse space developer SEGRO. The value of the...

Mostostal signs deal with PHN

WSE-listed builder Mostostal Warszawa has signed a PLN 52.59 million deal with state-owned, WSE-listed real estate holding Polski Hoilding Nieruchomości’ unit PHN SPV 13 to build two apartment buildings with accompanying infrastructure in Warsaw, the company said in a filing.

Locked content PHN with Q1 loss

WSE-listed, state-owned real estate developer Polski Holding Nieruchomości (PHN) had a PLN 2.4 million loss in Q1, down from PLN 8.2 million profit y/y. Revenues inched up to PLN 40.7 million (up by 0.2 percent y/y), while operating loss amounted to PLN 2.3 million compared to PLN 13.2 million profi...

PHN, Chopin Airport Development mull joint investments

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 th...

Locked content PHN real estate with Q4 net loss

WSE-listed, state-owned real estate devoloper Polski Holding Nieruchomości (PHN) had a PLN 13.4 million loss in Q4, up from PLN 16.6 million loss y/y. For the 2016, net profit stood at PLN 30.8 million, down from PLN 49.1 million the year before. Revenues stood at PLN 175.4 million in 2016 (up from ...

Locked content PHN with permit to build Yacht Park in Gdynia

Polish state-controlled real estate fund PHN has received a permit for the construction of a residential development Yacht Park in Gdynia, the firm stated. The investment is scheduled for completion in 2019. It will comprise six five-storey housing buildings featuring 12,000 sqm of usable space alto...