PHN’s subsidiary to build a residential project in a JV with mLocum

Dalmor, a subsidiary of Polish Real Estate Holding (PHN) has signed a joint venture agreement with mLocum for the construction of the Molo Rybackie residential project in Gdynia. “The first stage of the investment will involve the construction of six residential buildings with the necessary infrastructure on a property owned by Dalmor S.A., located in Gdynia on ul. Hryniewickiego 10,” PHN said in a statement. The plot cover 10 hectares of land near the Gdynia sea port. PHN said the deal is an important element of the company’s key strategic goals which involve carrying out development projects.