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...
Image: PHN

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...

Locked content PHN to issue up to PLN 600 mln in bonds

Poland’s real estate group Polski Holding Nieruchomości (PHN) announced its aim to issue some PLN 600 million in secured bonds, the Polish Press Agency (PAP) informed. “After talks with banks we are mulling an issue of up to PLN 600 million, including PLN 150-200 million in the first tra...
Image: Alchemia/C&W

Locked content PHN to acquire Alchemia II

A subsidiary of WSE-listed Polski Holding Nieruchomości (PHN) has signed a contract with real estate developer Torus to acquire perpetual usufruct rights for land located in Gdańsk, by Aleja Grunwaldzka and property rights for the Alchemia II building, the second phase of Alchemia office scheme, the...

Locked content PHN to sell real estate worth PLN 100 mln

Polski Holding Nieruchomości (PHN) prepares to sell real estate from its portfolio worth PLN 100 million by the end of 2015, said Artur Lebiedziński, the CEO of the company. Around PLN 50 million may come from selling of the so-called “prestigious” real estate. “They generate of lo...

Locked content PHN acquires Andersia Business Centre in Poznań

Polski Holding Nieruchomości (PHN) has executed a final agreement for the acquisition of the Andersia Business Center office building in Poznań from Von der Heyden Group. The volume of the transaction is confidential. “We are pleased that we have completed the negotiations held over recent months to...