Appeninn expands its portfolio with a logistics center in Poland

According to their information, during the transaction, Appeninn Project-TRNW sp. z o.o. acquired a 100 percent ownership stake in the logistics center, which was developed in three phases and has a total net leasable area of ​​56,343 square meters. The property is leased by Goodyear Dunlop Tires Operations S.A. under a long-term exclusive contract with an option to extend.

The center is located in an excellent location, in the catchment area of ​​one of Goodyear’s largest European tire manufacturing plants, in close proximity to the Polish A4 highway, which is also one of the most important east-west transport corridors in the region.

The purchase of the logistics center is Appeninn’s second investment in Poland, following the acquisition of the Wiśniowy Business Park office building complex in Warsaw in 2023, the statement said.

Szűcs Györgyi, CEO of Appeninn Vagyonkezelő Holding Nyrt., emphasized in the announcement that with this acquisition they are expanding their regional portfolio with a quality, stable cash-flow-providing asset. The transaction is an important milestone in their diversification strategy, as it strengthens both their international presence and the long-term income-generating capacity of the real estate portfolio.

According to previously announced data, Appeninn’s rental income amounted to 10.797 million euros and its after-tax profit to 3.419 million euros in the first half of 2025, the former being 1.018 million euros and the latter being 3.612 million euros lower than the values ​​measured in the same period of the previous year. The group’s rental income came from the Polish market, 32 percent, and the Hungarian market 68 percent. The company’s real estate portfolio consists of offices, retail and logistics properties, and the value of investment properties was EUR 168.91 million at the end of the first half of last year.

In the first half of last year, rental income from Poland reached EUR 3.453 million, which is a decrease of more than 20 percent year-on-year. Rental income in Hungary amounted to EUR 7.344 million, thus the rental income of Hungarian assets increased by 3 percent.

Appeninn Plc., a regulated real estate investment company, is listed in the premium category of the Budapest Stock Exchange (BSE), and over the past year the company’s shares have traded between HUF 650 and HUF 1,080.