On November 16, 2017, PHN Group started selling apartments under the first stage of its Vis à Vis Wola project located in Warsaw at Aleja Prymasa Tysiąclecia 83. From the very beginning, the project has enjoyed great interest from potential buyers. Construction of the first stage of the Vis à Vis Wola project officially began on November 10 with a groundbreaking ceremony held by PHN Group and the General Contractor: Mostostal Warszawa S.A. On November 16, the company started selling the...
In the second half of November, Parzniew Logistics Center 1 sp. z o.o., a company jointly owned by Polski Holding Nieruchomości S.A. (“PHN”) and Parzniew Partners BV, a Hillwood Group (“Hillwood”) company, signed agreements with Rexxer and Sopro for the lease of warehouse and office space at the Hillwood & PHN Pruszków warehouse center. The agreements with the new tenants are long-term contracts for more than 4,000 sq. m of storage space. According to the agreements, construction chemicals...
A new restaurant called Kanapa officially opened a few days ago in a pre-war villa owned by PHN Group, located at ul. Narbutta 10 in Warsaw’s district of Mokotów. The restaurant offers contemporary Ukrainian cuisine and surprises its guests with unusual presentation of the food. Built in 1933 and owned by PHN Group, the building located at ul. Narbutta 10 is the work of architect Feliks Siedlanowski, who originally designed it for himself and his wife Inna, a Ukrainian by birth. The...
On December 8, PHN Group signed a letter of intent for the purchase of 100 percent shares in a general contracting company. The letter confirms the parties’ intentions regarding the purchase of the company’s shares by Polski Holding Nieruchomości S.A. following the conclusion of the ongoing negotiations. The company whose shares are to be purchased conducts various business operations, which include the provision of construction and renovation services on a general contractor basis. The...
PHN Group maintained steady financial performance in the third quarter of 2017, including an increase in sales revenue to PLN 39.1 million compared to PLN 38.9 million in the second quarter. Net profit grew in Q3 2017 to PLN 15.0 million, an increase of 57.9 percent on the Q2 2017 figure of PLN 9.5 million. EBITDA increased in Q3 2017 to PLN 14.0 million, a 2.9 percent improvement on the previous quarter (PLN 13.6 million). For PHN Group, the third quarter of 2017 was a period of intensive...