The “Hotels for Medics” Foundation has donated 100 thousand zlotys to the Central Clinical Hospital of the Ministry of Interior and Administration in Warsaw to fight COVID-19. With these funds, the hospital will finance the purchase of neurosurgical instruments.  “Since the outbreak of the pandemic, the Hotels for Medics Foundation has already committed more than 1.5 million to prevent, counteract and eradicate COVID-19. This time the donation of 100 thousand zlotys went to the Central...
SKYSAWA has earned a nomination in the international BREEAM Awards 2022 competition in the “Regional Award Central and Eastern Europe” category. In 2020, the lower part of the SKYSAWA complex competed for the same award. This year’s winners will be announced at a gala to be held in London on 22 March. The BREEAM Awards competition is organized by the international certification body Building Research Establishment (BRE) Global. The main goal of the competition is to recognize projects that set...
PKO Bank Polski has signed a long-term lease agreement for all of the space in one of the most modern office buildings, SKYSAWA, located in the very center of Warsaw. The handover of the office building, which is the flagship investment of Polski Holding Nieruchomości, is planned for the fourth quarter of this year. The lease agreement for approximately 35,000 square meters of space concluded with PKO Bank Polski is the largest transaction of this type on the commercial real estate market in...
PHN Property Management, a member of Polski Holding Nieruchomości and Polski Holding Hotelowy, signed a 7-year loan agreement with Bank Pekao S.A. to refinance the acquisition of an organized part of the Cosmar Polska company, operating under the trade name "Regent Warsaw Hotel". PHN Property Management acquired the organized part of Cosmar Polska from the bankruptcy trustee in February 2021 for PLN 130.5 million. The transaction is part of PHN Group's strategy which, in addition to...
In the first three quarters of 2021, PHN Group improved its financial performance by further diversifying its development activities and controlling costs. Net profit amounted to PLN 43.7 million compared to PLN 0.1 million in the same period last year. Rental income increased to PLN 79.4 million, while development income rose to PLN 34.2 million. The results improved due to increased result on rental, result on construction operations and keeping costs under control. The strategic goal of the...