Polski Holding Nieruchomości

What Polski Holding Nieruchomości does

Polski Holding Nieruchomości (PHN) is a Warsaw Stock Exchange-listed (ticker: PHN) diversified real estate investment and development company headquartered in Warsaw, Poland. The group operates three core business segments — office, residential, and logistics — through wholly-owned subsidiaries and joint ventures, managing a portfolio of more than 150 properties with over 500,000 sqm of leasable space and a 270-hectare land bank, valued at approximately PLN 3.5–3.7 billion.

PHN generates revenue through multiple, complementary streams: recurring rental income from stabilized office and logistics assets (e.g., SKYSAWA, INTRACO Prime, KASKADA, the Hillwood-Pruszków logistics park), residential development sales across multiple Polish cities (Osiedle ŁAN in Wrocław, KOLEJ NA 19 in Warsaw, Nowa Nakielska in Bydgoszcz, Młoda Białołęka II, Osiedle Olimpijczyk II in Łódź), general contracting via its construction subsidiary (formerly Chemobudowa-Kraków), property/asset management services, and hospitality (Regent Warsaw Hotel). Anchor tenants include PKO Bank Polski (35,000 sqm in SKYSAWA), Poczta Polska (17,000 sqm), DPD Polska (18,000+ sqm logistics), Polimex Mostostal, PFRON, and Castorama. Strategic capital partners include Hillwood (logistics JVs), KGHM TFI (Wrocław office JV), and UNIBEP (general contractor). The group funds growth primarily through corporate bond issuances on the Polish capital market (PLN 220M in May 2023, PLN 230M in February 2024, PLN 120M in May 2026) and reinvests proceeds into new development, ESG-certified upgrades, and the recently adopted "New Start 2025–2030" strategy focused on sustainable housing and portfolio modernization.

Name

Polski Holding Nieruchomości

Legal name

Polski Holding Nieruchomości S.A.

Website

https://www.phnsa.pl/

Company type

Public

Founded year

2011

Operating status

Operating

Short description

Polski Holding Nieruchomości is a real estate investment company focused on the commercial real estate sector.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Rental and Leasing Services (532), Real Estate Property Managers (53131), Management of Companies and Enterprises (55111), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

Keywords

• Commercial real estate
• Office leasing
• Residential development
• Logistics property
• Property management

Headquarters

HQ city

Warszawa

HQ country

Poland

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Property Rental: PHN generates recurring rental income from its commercial property portfolio including office buildings (SKYSAWA, KASKADA, INTRACO Prime, Domaniewska Office Hub), retail spaces, and logistics facilities. The company manages more than 500,000 sqm of leasable space.
2. Residential Development Sales: Revenue from construction and sale of residential units including apartments in housing estates (Osiedle ŁAN, KOLEJ NA 19, Młoda Białołęka, Osiedle Olimpijczyk, Nowa Nakielska). Units are sold to individual buyers through dedicated sales offices.
3. Construction and General Contracting: Through subsidiary Chemobudowa-Kraków and partnerships, PHN provides general contracting, subcontracting, and design services for construction projects.
4. Property Management Services: Comprehensive property management services for owned and third-party real estate assets, including tenant management, maintenance, and operational support.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels6 records

Core offering

Polski Holding Nieruchomości develops, owns, and manages a diversified real estate portfolio in Poland comprising commercial office buildings, residential housing estates, and logistics/warehouse facilities. The company leases office and logistics space to corporate tenants, sells residential apartments to individual buyers, and operates logistics parks through joint-venture partnerships across major Polish cities.

Product overview

Polski Holding Nieruchomości (PHN) is a diversified real estate investment and management company operating across three main segments: commercial office properties, residential developments, and logistics/warehouse facilities. The commercial portfolio includes office buildings such as KASKADA, INTRACO Prime, and SKYSAWA (flagship 155m tower with highest BREEAM rating in Poland), along with properties in major Polish cities. The residential segment comprises multiple housing estates under the PHN Development brand including Osiedle ŁAN (Wrocław), KOLEJ NA 19 (Warsaw), Młoda Białołęka II, Osiedle Olimpijczyk II (Łódź), and Nowa Nakielska (Bydgoszcz), plus the luxury Yacht Park project in Gdynia. The logistics segment includes joint ventures with Hillwood for warehouse parks in Pruszków and Zgorzelec. PHN also manages hotel properties and is pursuing renewable energy investments. The company provides comprehensive rental and management services, currently managing over 500,000 sqm of leasable space across more than 150 properties.

Differentiator

Problem solved

Functional benefit

Brands

• PHN Development: Residential property construction and sales brand for housing developments across Poland
• Hillwood & PHN
• Osiedle Olimpijczyk
• Osiedle Młoda Białołęka
• Osiedle ŁAN
• KOLEJ NA 19
• Nowa Nakielska

Products and services

• Commercial Office Leasing Portfolio

Quantifiable outcome

• PHN achieved 100% occupancy at KASKADA building through lease extension with Polimex Mostostal
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• Municipality of GdyniaminorStrategic or Co-development Partner · 22 May 2023Urban and architectural competition for Fish Pier (Molo Rybackie) redevelopment in cooperation with Association of Polish Architects (SARP). Goal: unique vision for prestigious waterfront location.
• Municipality of CzerwonakminorStrategic or Co-development Partner · 27 April 2023Letter of intent for cooperation to develop renewable energy sources. Joint development of profitability model and principles for supplying municipal facilities with energy from renewable sources.
• HillwoodcoreImplementation/ SI/ Consulting Partner · 26 January 2023Project management partner for PHN Pruszków logistics park expansion. DPD Polska warehouse expanded to 18,000+ sqm with 4,000 sqm additional space completed.
• KGHM TFI S.A.minorStrategic or Co-development Partner · 18 May 2017Joint venture for office development in Wrocław center at al. Jana Pawła II. Two A-class office buildings with retail/service function totaling ~33,000 sqm. UOKiK competition approval obtained.
• UNIBEPcoreImplementation/ SI/ Consulting Partner · 18 May 2017General contractor for residential developments including Vis à Vis Wola (213 apartments) and Osiedle Olimpijczyk II in Łódź (132 apartments). Successfully completed first phase of projects.
• Chopin Airport Development Sp. z o.o.minorStrategic or Co-development Partner · 17 May 2017Memorandum of understanding for potential collaboration in joint investment projects including office buildings, hotels, and technology infrastructure. Alignment with government Gospodarka Plus initiative for Treasury-owned companies.
• Hillwood PolskacoreStrategic or Co-development Partner · 24 March 2017Joint venture partnership for logistics park development. Companies established Parzniew Logistics Center 1 Sp. z o.o. for Hillwood & PHN Pruszków project (100,000 sqm planned across 6 buildings on 22 ha). Also developing logistics park in Zgorzelec (~220,000 sqm near German border).
• Fabryka Obrabiarek do Drewna Sp. z o.o.minorStrategic or Co-development Partner · 2 February 2017Letter of intent for property development cooperation in Bydgoszcz area. PHN's investment area in Niwy (near A1 motorway) to be developed with manufacturing/office facility for wood-working machine manufacturer on build-to-suit basis.
• Pomorska Specjalna Strefa Ekonomiczna (Pomeranian Special Economic Zone)minorStrategic or Co-development Partner · 8 December 2016Letter of intent for cooperation to attract investments within the special economic zone. Potential inclusion of PHN properties in Pomorskie and Kujawsko-Pomorskie voivodeships for investor incentives including tax exemptions.
• Polish National FoundationminorStrategic or Co-development Partner · 16 November 2016PHN as one of 17 founding members (Treasury-owned companies) of Polish National Foundation for promoting Polish economy and positive image of Treasury companies domestically and abroad.
• Enea S.A.minorGTM or Marketing Partner · 9 September 2016Electricity supply partnership for PHN Group properties. 3+ year contract until December 2019, enabling aggregate savings of approximately PLN 5.5 million through lower electricity rates.
• ENEAminorGTM or Marketing Partner · 9 September 2016Partnership for electricity supply to PHN properties, bringing benefits to both parties through lower rates for PHN and acquisition of large reliable client for Enea.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Globe Trade Centre (GTC): GTC is a CEE-focused real estate investor/developer with a sizable office and retail portfolio across Poland, Hungary, Romania and Serbia. Like PHN, it leases institutional-grade office space to multinational and regional tenants and pursues development/JV projects in Polish cities.
• Echo Investment: Echo Investment is a Polish real estate developer operating in office, residential and retail segments with a Warsaw-centric and major-city footprint. Its mixed office + residential + retail business model and Polish geographic focus are closely comparable to PHN's diversified segment mix.
• Ghelamco Invest: Ghelamco is a Belgian-Polish real estate developer with significant office and mixed-use projects across Warsaw and other Polish cities (e.g., Warsaw Spire). Its focus on premium, sustainably certified office developments in Poland directly parallels PHN's SKYSAWA/INTRACO Prime strategy.
• CA Immobilien Anlagen (CA Immo): CA Immo is an Austria-headquartered office specialist with a CEE portfolio including Poland. Both companies operate institutional office assets leased to corporate tenants across CEE and pursue sustainability certifications on key properties.
• Globalworth: Globalworth is a CEE-focused office landlord operating in Poland, Romania, Hungary and Serbia with multinational tenants. Its pure-play office investment model in Poland (e.g., Warsaw buildings) overlaps directly with PHN's office portfolio.
• CTP: CTP is a leading CEE logistics/industrial developer with major parks across Poland. PHN's Hillwood JV in Pruszków and Zgorzelec competes in the same Polish logistics-parks segment where CTP is dominant.
• Panattoni: Panattoni is one of Europe's largest logistics/industrial developers with extensive Polish operations. Its scale and tenant roster in Polish logistics parks position it as a direct competitor to PHN's logistics JV strategy with Hillwood.
• Immofinanz: Immofinanz (now part of CPI Property Group) operates a CEE office and retail portfolio with Polish holdings. Both PHN and Immofinanz lease Polish office assets to corporate tenants with multi-year lease structures.
• Atrium European Real Estate: Atrium is a CEE-focused retail real estate owner/operator with shopping centers in Poland. While retail-focused rather than office, its listed-CEE real estate profile and Polish exposure overlap with PHN's diversified commercial portfolio.

Broad incumbents

• Skanska Property Poland: Skanska's Polish property arm develops and leases office buildings in Warsaw and other major cities (e.g., Generation Park). As a division of a global construction group, Skanska offers comparable green-certified office developments but with broader construction services behind it.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PHN_SA
• Facebookfacebook.com/GrupaPHN/?fref=ts
• Instagraminstagram.com/phn_sa
• LinkedInlinkedin.com/company/phnsa

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Polski Holding Nieruchomości