PHN with PLN 2.2 billion AUM

Polski Holding Nieruchomości had PLN 2.2 billion of assets under management as of December 31, 2013, according to an appraisal carried out by CBRE. The holding has 171 properties in its portfolio, including 123 developed plots and 48 plots of land for development. Its assets include office, retail and service, industrial, residential, as well as hotel properties located across Poland. The State Treasury, which currently holds a 73 percent stake in the company has been preparing to sell a controlling stake or even all of its shares in the holding. It has set up a data room for investors in mid-January. “We think the data room access will be closed at the end of March. We expect the current interest [in PHN] to bring a concrete bid, Paweł Tamborski, deputy treasury minister, responsible for the privatization of PHN, told Puls Biznesu earlier this month.