PHN eyes acquisitions

Real estate group Polski Holding Nieruchomości (PHN) is analyzing several potential acquisitions of office projects, the company’s CEO Artur Lebiedziński told the Polish Press Agency in an interview. “They are office buildings located in Warsaw and other Polish major cities,” Lebiedziński said. “Nothing is going to happen in terms of acquisitions until the end of this year, but it is possible that we will announce something in the first quarter of 2015.” In its recently published strategy, the company said it could spend more than PLN 1 billion on buying office space that would generate revenue.