Polski Holding Nieruchomości has finished renovation works thoroughly refurbishing the Kossakowski Palace in Warsaw. Among others, the renovation works of the PHN-owned palace located on the representative Nowy Świat Street in Warsaw included renovation of the elevation and replacement of roof coverings. Thanks to the works carried out under supervision of the building conservation officer, the tenement house has regained its look from the 1920s. The scope of activities included works aimed at...
Polski Holding Nieruchomości S.A. has signed an agreement with the consortium of AGK Architekci AW Sp. z o.o. sp.k. and AGK Architekci GP Sp. z o.o. for the development of design documentation and architect’s supervision of the housing estate in Bydgoszcz. The new project of the PHN Group is located at ul. Nakielska 53 in the Śródmieście district in Bydgoszcz, near the city center and green areas. The project will be a continuation of positive changes in the district related to supplementing...
Polski Holding Nieruchomości S.A. has carried out another issue of 4-year bonds with a total value of PLN 325 million. The company will use the proceeds from the issue for the implementation of an ambitious investment program. The issue of bonds was carried out under a 7-year issue program with a total nominal value of up to PLN 1 billion, which was established last year. In 2019, PHN carried out the first issue of 4-year bonds with a total value of PLN 160 million. This year’s issue attracted...
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....