Appeninn Nyrt pressed ahead with its portfolio optimization strategy in 2025, delivering stable rental income of €22.9 million and EBITDA of €7.5 million including revaluation effects. Scope Ratings affirmed the B+/Stable rating on April 2.
February’s Tarnów purchase, a 56,000 sqm Goodyear-leased logistics center, marked the second Polish holding after Warsaw’s Wiśniowy Business Park, while a December framework with Dekada S.A. covers 11 retail sites totaling 53,000 sqm.
CEE diversification accelerates
CEO Szűcs Györgyi said the moves build a geographically and sectorally balanced portfolio with predictable cash flows, where international assets now weigh heavier alongside offices, retail and industrial holdings.
Budapest-listed since 2010, Appeninn’s focus on Central Eastern Europe leverages regional yield advantages, with Scope highlighting liquidity buffers and deal pipeline strength. Full-year results will detail further progress.
