PHN Group increased its net profit in Q1 2021 to PLN 31.9 million compared with PLN 29.6 million in the same period last year. PHN Group's operating profit increased in Q1 from PLN 36.3 million to PLN 46.2 million. Result on rental amounted to PLN 26.7 million compared with PLN 25.6 million, and result on construction operations amounted to PLN 25.0 million compared with PLN 13.4 million. In Q1 this year, PHN achieved good results when it comes to net profit and operating profit despite the...
The INTRACO Prime office and commercial building being built in the heart of the Muranów district in Warsaw has reached its target height. On this occasion, a topping out ceremony was held. The project of Polski Holding Nieruchomości being developed at ul. Stawki 2 will be commissioned in less than a year. At the end of May this year, the construction of the INTRACO Prime building has been completed. The reinforced concrete ceiling above the 8th, last usable floor, together with the technical...
Polski Holding Nieruchomości concluded an annex with MAZOP regarding the extension of rental period and increase of space in the warehouse park owned by PHN near Warsaw. Thus, the area of logistics center has been rented in 100%. Under the signed agreement, MAZOP group, which specializes in the production of cardboard packaging and the processing of polyethylene and polyurethane foams, has rented additional 4,972 sq.m. of space and extended the rental of 3,621 sq.m. of the warehouse occupied...
In 2020, the Polski Holding Nieruchomości S.A. Group increased its rental revenue to PLN 188.9m compared to PLN 171.9m in 2019. As a result, its rental profit increased to PLN 105.4m compared to PLN 98.1m in the previous year. PHN’s profit from construction operations increased by PLN 92.9m to PLN 97.2m. The company once again achieved solid financial results despite a severe deterioration of macroeconomic conditions. Despite the market turmoil caused by the COVID-19 pandemic, the PHN Group...
Construction works of the passage connecting SKYSAWA office and commercial complex, the flagship project of Polski Holding Nieruchomości S.A., with “Rondo ONZ” metro station were completed. In mid-April, construction works of the underground passage connecting the SKYSAWA office and commercial complex with the Rondo ONZ metro station were completed. The tunnel, which in recent days has reached the existing metro corridor, has been built under the sidewalk at the junction of ul. Świętokrzyska...