Already in March this year,Polski Holding Nieruchomości S.A. launched an aid program for tenants struggling with financial problems caused by the COVID-19 pandemic.Since the beginning of the pandemic, the total value of aid provided to tenants of facilities belonging to the PHN Group has reached almost PLN 2 million. Various forms of support provided so far by the PHN Group have been used mainly by entrepreneurs from the catering, retail, healthcare and education industries, as well as other...
In Q3 2020, Polski Holding Nieruchomości, despite the market turmoil caused by COVID-19 pandemic, reported an improvement of its financial results with regard to net profit and operational profit. At that time, the net profit of the PHN Group amounted to PLN 10.8 million. In Q3, the adjusted EBITDA of the PHN Group amounted to PLN 22.7 million, rental revenue amounted to PLN 47.8 million compared to PLN 45.5 million in the same period last year, and rental profit amounted to PLN 25.5 million....
Gheorghe Marian Cristescu, President of Polski Holding Hotelowy and “Hotele dla Medyków” Foundation, gave a check for PLN 100,000 toPaweł Bakun, Director of the Hospital of the Ministry of the Interior and Administration. The ceremony was held in front of the hospital, taking all the necessary precautions. It was also attended by the West Pomeranian Voivode Tomasz Hinc and by Marcin Mazurek, President of Polski Holding Nieruchomości – one of the founders of the “Hotele dla Medyków” Foundation...
The first building of the Skysawa office and commercial complex in Warsaw has reached its target height. The project of Polski Holding Nieruchomości being developed at ul. Świętokrzyska 36 will consist of two buildings — a shorter one with four to nine floors and a 155-meter tower. The construction of the reinforced concrete structure of building A of the SKYSAWA complex was completed at the end of September. Currently, the building's facade is under construction, and masonry, insulation and...
In H1 2020, PHN Group’s adjusted EBITDA increased by over 30% year-on-year to PLN 37.2 million. Rental revenue increased by 13% to PLN 92.8 million, and rental profit to PLN 51.2 million. In H1 2020, the PHN Group generated profit from development activities of PLN 14.1 million. Despite the market turmoil caused by the coronavirus epidemic, the PHN Group consistently pursued its business goals, continuing ambitious investments in the commercial, residential and logistics real estate sectors....