Polski Holding Nieruchomości
Polish state-controlled real estate holding company involved in property investment, development, leasing, trading, management and advisory services.
Last updated August 26, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Polski Holding Nieruchomości S.A. (PHN) is a Polish real estate holding company headquartered in Warsaw. It operates through a group structure that includes numerous controlled subsidiaries and special-purpose entities responsible for property ownership, investment, development and services. The group’s business is centered on the acquisition, construction, redevelopment, leasing and management of real estate, while also providing selected consulting services to external clients. PHN’s portfolio and development activity span several segments of the property market. These include office buildings, retail and commercial premises, logistics parks, residential projects, hotels, marinas and other specialized real estate assets. Its activities are concentrated primarily in Warsaw and in Poland’s largest regional urban markets, including Poznań, the Tri-City metropolitan area, Łódź and Wrocław. Through its subsidiaries, PHN combines the role of long-term asset owner with that of developer, landlord, property manager and investment platform. The company’s completed and acquired projects illustrate the breadth of its portfolio. Notable examples include Foksal City in Warsaw, the Andersia Business Centre in Poznań, Domaniewska Office Hub in Warsaw, Alchemia II in Gdańsk, a commercial building in Warsaw’s Białołęka district, Marina Yacht Park in Gdynia, Wilanów Office Park in Warsaw, the Hillwood & PHN logistics park in Pruszków, a logistics park in Świebodzin, Intraco Prime and the SKYSAWA office and commercial development in Warsaw. These projects position PHN across both income-generating assets and development-led investments. PHN is a publicly traded company, having been listed on the Warsaw Stock Exchange since February 2013. It remains controlled by the Polish State Treasury, which held 71.9 percent of the shares in 2023 according to the referenced material. The remainder of the share capital is held by individual and institutional investors, including pension funds. This ownership structure gives PHN a distinctive position in the Polish property market: it is commercially active and publicly listed, but also forms part of the state-controlled corporate sector. The group’s holding-company model allows individual subsidiaries and special-purpose vehicles to undertake particular residential, commercial, logistics or service projects. PHN’s portfolio therefore represents a collection of operating businesses and property assets rather than a single standardized consumer-facing product. Its positioning is based on managing substantial real estate resources, developing strategically located projects and operating across multiple property categories in Poland. Publicly available reference material identifies Marcin Mazurek as president from 2018 onward, following earlier presidents Wojciech Papierak, Artur Lebiedziński and Maciej Jankiewicz.
History
Polski Holding Nieruchomości is a Polish real estate holding company based in Warsaw. Its operations are organized through a group of controlled subsidiaries and special-purpose vehicles, allowing individual entities to own assets, deliver development projects and provide property-related services. The available reference material does not specify the company’s original incorporation date or founding circumstances, but it identifies a succession of presidents beginning with Wojciech Papierak in 2011. PHN’s operating model combines real estate investment, development, leasing, trading and management. Rather than focusing on one property type, the group has built exposure to offices, retail and commercial premises, logistics facilities, residential schemes, hotels and marina infrastructure. The company’s geographic emphasis is Poland’s major cities, especially Warsaw, Poznań, the Tri-City, Łódź and Wrocław. This concentration links its portfolio to the country’s principal employment, transport and investment centers. A major phase of portfolio expansion took place during the 2010s. In 2014, PHN completed Foksal City in Warsaw. The following year it completed Domaniewska Office Hub in Warsaw and acquired the Andersia Business Centre in Poznań. In 2016, the group acquired the Alchemia II building in Gdańsk. These actions strengthened its position in the office and commercial-property segments and illustrated the combination of development and acquisition used by the holding company. The group’s activity broadened further in 2019. It completed a commercial building in Warsaw’s Białołęka district and the Marina Yacht Park in Gdynia. It also acquired the Wilanów Office Park complex in Warsaw and completed or delivered logistics projects including the Hillwood & PHN Pruszków logistics park and a logistics park in Świebodzin. These investments gave PHN a more visible presence in logistics and specialized property in addition to its established office portfolio. The later period included the completion of Intraco Prime in 2021 and SKYSAWA in 2022. Both projects reinforced PHN’s profile as a developer of large urban office and mixed commercial assets in Warsaw. The projects also demonstrate the group’s long-term approach to development: assembling and managing major properties that can produce rental income while contributing to the transformation of strategically located urban sites. PHN became listed on the Warsaw Stock Exchange in February 2013. Despite its public-market status, the company remains controlled by the Polish State Treasury. The reference material reports that the Treasury held 71.9 percent of the shares in 2023, while the balance was held by individual and institutional investors, including pension funds. This combination of state control and stock-market ownership distinguishes PHN from privately controlled property developers. The leadership chronology supplied for the company lists Wojciech Papierak as president from 2011 to 2013, Artur Lebiedziński from 2013 to 2015, Maciej Jankiewicz from 2016 to 2018 and Marcin Mazurek from 2018 onward. The available sources do not provide enough information to construct a fuller account of board-level governance, financial performance, corporate controversies or strategic decisions beyond the investments and listing information summarized here.
- 2022
SKYSAWA completed
[1]The group completed the SKYSAWA office and commercial project in Warsaw.
- 2021
Intraco Prime completed
[1]PHN completed the Intraco Prime office development in Warsaw.
- 2019
Commercial, marina and logistics portfolio expansion
[1]The group completed a Białołęka commercial building and Marina Yacht Park, acquired Wilanów Office Park, and delivered logistics projects in Pruszków and Świebodzin.
- 2016
Alchemia II acquisition
[1]PHN acquired the Alchemia II building in Gdańsk.
- 2015
Expansion of Warsaw and Poznań office holdings
[1]PHN completed Domaniewska Office Hub in Warsaw and acquired Andersia Business Centre in Poznań.
- 2014
Foksal City completed
[1]The group completed the Foksal City development in Warsaw.
- 2013
Warsaw Stock Exchange listing
[1]PHN became listed on the Warsaw Stock Exchange in February 2013.
Products and positioning
A Polish state-controlled, publicly listed real estate group with a diversified portfolio spanning development, investment, leasing and management across major Polish urban markets.
Mixed-use urban development · 2014
Foksal City
Foksal City is a Warsaw urban development completed by PHN in 2014. It represents the group’s involvement in centrally located commercial and mixed-use real estate projects.
Office building · 2015
Andersia Business Centre
The Andersia Business Centre in Poznań was acquired by PHN in 2015. The asset forms part of the group’s regional office portfolio and illustrates its strategy of combining direct development with the purchase of established income-producing properties.
Office development · 2015
Domaniewska Office Hub
Domaniewska Office Hub is a Warsaw office project completed by PHN in 2015. It contributes to the company’s concentration in major office districts and its role as a developer and landlord.
Office and commercial building · 2016
Alchemia II
Alchemia II in Gdańsk was acquired by PHN in 2016. The acquisition expanded the group’s exposure to the Tri-City metropolitan market and strengthened its portfolio of regional commercial properties.
Marina and waterfront infrastructure · 2019
Marina Yacht Park
Marina Yacht Park in Gdynia was completed in 2019. The marina extends PHN’s activities beyond conventional office, retail and logistics property into specialized waterfront infrastructure with links to hospitality and leisure use.
Logistics park · 2019
Hillwood & PHN Pruszków logistics park
The Hillwood & PHN Pruszków logistics park is a logistics development delivered by PHN in cooperation with Hillwood. It reflects the group’s expansion into industrial and distribution property near Warsaw.
Office development · 2021
Intraco Prime
Intraco Prime is a Warsaw office development completed in 2021. It is part of PHN’s continuing development of large urban office assets and reinforces the group’s presence in the capital’s commercial real estate market.
Office and commercial development · 2022
SKYSAWA
SKYSAWA is a major Warsaw office and commercial development completed in 2022. It is one of PHN’s most prominent recent projects and represents the group’s focus on centrally located, large-scale urban property.
Brand decisions
2019
Expansion into logistics and specialized propertyStrategyBackground
PHN’s activities had historically included office, commercial and other urban real estate.
Action taken
The group delivered logistics parks in Pruszków and Świebodzin and completed Marina Yacht Park in Gdynia, while also expanding its office portfolio.
Aftermath
The projects broadened PHN’s exposure to logistics, distribution and waterfront infrastructure alongside its office and commercial assets.
2013
Public-market listingStrategyBackground
PHN operated as a state-controlled real estate holding group with a portfolio of subsidiaries and property assets.
Action taken
The company was admitted to trading on the Warsaw Stock Exchange in February 2013.
Aftermath
The listing gave PHN a public-market shareholder base while the State Treasury remained its controlling shareholder.
Recent events
- 2022
SKYSAWA completed[1]
Product launch
The group completed SKYSAWA, a prominent office and commercial development in central Warsaw.
- 2021
Intraco Prime completed[1]
Product launch
PHN completed Intraco Prime, an office development in Warsaw.
- 2019
PHN completes a commercial building in Białołęka[1]
Product launch
The group completed a commercial property in Warsaw’s Białołęka district.
- 2019
Marina Yacht Park opens in Gdynia[1]
Product launch
PHN completed the Marina Yacht Park marina in Gdynia, extending its activities into specialized waterfront and hospitality-related property.
- 2019
PHN completes several logistics and office investments[1]
Product launch · Other
The group completed or advanced the Wilanów Office Park acquisition, the Hillwood & PHN Pruszków logistics park and a logistics park in Świebodzin.
- 2016
PHN acquires Alchemia II in Gdańsk[1]
M&A · Other
PHN added the Alchemia II building in Gdańsk to its investment portfolio.
- 2015
PHN expands its office portfolio in Poznań and Warsaw[1]
Product launch · Other
The group completed Domaniewska Office Hub in Warsaw and acquired the Andersia Business Centre in Poznań.
- 2014
Foksal City completed in Warsaw[1]
Product launch
PHN completed the Foksal City project in Warsaw, adding a major urban development to its property portfolio.
- 2013
Polski Holding Nieruchomości begins trading on the Warsaw Stock Exchange[1]
Other
PHN became a publicly traded company on the Warsaw Stock Exchange in February 2013.
Sources1 sources
Cite this profile: Cite the canonical profile. /brand-wiki/polski-holding-nieruchomości · Editorial policy · How profiles are compiled