Polski Holding Nieruchomośći (PHN), the former state-owned Polish developer, has begun construction of an underground passage connecting its 40,000-sqm (gross office space) Skysawa office scheme, which is under construction on the northeast corner of Rondo ONZ in the centre of Warsaw, to the adjacent metro station. The scheme will consist of two buildings, the tallest of which will be approximately 155m high. Completion of the office tower is planned for the third quarter of 2022. Colliers International is in charge of leasing and marketing the scheme.

PHN was established in 2011 as a result of the consolidation of state-owned property construction and asset-owning companies. It was launched on the Warsaw Stock Exchange in February 2013. The company’s portfolio consists of c. 150 property assets with a value of PLN 2.9 bln and its operations are focused on Warsaw and major regional cities including Łódź, Poznań, Wrocław and the Tri-City, according to the company’s website.