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Grupa PHN S.A. and Segro realise a joint venture type project in Wroclaw

The President of the Office of Competition and Consumer Protection consented to creation of spółka celowa (a special purpose company) by Polski Holding Nieruchomości and Segro, which would deal with the construction of a logistic, warehouse and production centre in Wroclaw.

At a part of land belonging to Grupa PHN S.A., at ulica Bierutowska in Wroclaw, a modern warehouse and logistics facility with the usable area of around 43 3000 sqm will be constructed by Segro, a British development company. The total area of the land owned by Grupa PHN S.A is around 30 ha. Under the agreement between the companies, almost one third of the area will be covered with modern Segro facilities. The investment is realised in the form of business partnership between the companies. Polski Holding Nieruchomości is a part of Grupa PHN S.A.

“The investment together with the British developer Segro is consistent with the development strategy of Grupa PHN S.A., which involves concentration around the following segments: warehouses, retail and logistics. Grupa PHN S.A. altogether owns over 1300 ha of undeveloped plots. At some of them, we plan realisation of similar investments in the logistics sector. Therefore, we are open for cooperation in the form of business partnership with professional market players such as Segro,” said Wojciech Papierak, CEO at Grupa PHN SA.

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