Locked content PHN sells Rakowiecka City

Real estate group Polski Holding Nieruchomości (PHN) has sold the Rakowiecka City office scheme to the Turkish Embassy in Poland, the company said in a news release on Thursday. The deal value was not disclosed. However, the property was sold at a price “higher than its book value,” PHN said. Rakowi...

Locked content PHN unit launches Port Rybacki in Gdynia

Dalmor, a unit of real estate group Polski Holding Nieruchomości (PHN), has concluded talks with developer mLocum and will sign an agreement on the construction of six residential buildings in Gdynia in northern Poland, PHN said in statement on Monday. The agreement will allow for the launch of the ...

Locked content PHN buys back bonds for nearly PLN 700 million

Eleven SPVs of real estate group Polski Holding Nieruchomości have bought back some of their registered bonds before maturity, worth a total of PLN 686.8 million. The bonds have been acquired by another subsidiary of the group – PHN 3. The partial buyback was financed by PHN 3 via a capital in...

Locked content PHN still on sale – Treasury

Poland’s Treasury Ministry is still willing to sell a majority stake in real estate group Polski Holding Nieruchomości (PHN), Deputy Treasury Minister Wojciech Kowalczyk was quoted as saying by the Polish Press Agency. The Treasury said earlier this week that it failed to choose an investor for PHN....

Capital recycling

Artur Lebiedziński has been at the helm of PHN, one of Poland’s largest real estate groups, for only a few months but is already up to speed with the changes the company is going through. After several years of write-offs, its portfolio has finally stabilized and the firm is poised to make new acqui...