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Appeninn Zrt. (Appenin Group)

Category: Investor of the Year, CEE
February 2023 - Zone Retail Parks (retail - Zalaegerszeg, Székesfehérvár, Hungary) acquisition at a deal value of EUR 27,9 million - GLA 23,502
February 2023 - Kanizsa Centrum Shopping Center (retail - Nagykanizsa, Hungary) acquisition at a deal value of EUR 11,2 million - GLA 16,368 sqm.
March 2023 - Wiśniowy Business Park (office - Warsaw) acquisition at a deal value of approx. EUR 40 million - GLA 39,534 sqm
A prestigious address in Warsaw’s Mokotów district, the buildings offer a total of 39,534 sqm of modern office space and 1,272 parking lots, housing major tenants like Bank Pekao, Janssen Cilag, Westminster Bank, Johnson & Johnson and Assa Abloy. Refurbished in 2017, the office buildings are a testament to modern architectural design and sustainability, holding BREEAM In-Use ‘Very Good’ certification. The acquisition has been pivotal for Appeninn's portfolio diversification strategy, with plans for more acquisitions and refurbishments to develop its core business portfolio.
Name of company Appeninn Zrt. (Appenin Group)
Name of President or Managing Director for the region Ms. Györgyi Szűcs, CEO since August 2022, before CFO/COO since March 2022
Profile of President or Managing Director for the region Ms. Györgyi Szűcs spearheaded a vital restructuring at Appeninn in 2022 and 2023. Under her guidance, the company strategically divested its entire tourism portfolio. Significant acquisitions made in early 2023 amplified the firm's revenue stream, leading to a notable upgrade by Scope Ratings.
Description of company and team Appeninn Holding, with assets surpassing EUR 180 million, operates with a lean 10-member team of employees and numerous outsourced roles. Listed on the Budapest Stock Exchange in the premium category, Appeninn focuses on acquiring and leasing commercial real estate in the CEE, targeting sustained growth. Future transactions aim for portfolio diversification and enhancing steady revenue streams. In H1 2023, the Group reported EUR 9.093 million in sales, a jump from EUR 4.113 million year-on-year. Value creation for Appeninn hinges on professional management, optimizing acquisition values, above-average yields, strategic financing, and proactive real estate management. The firm upholds a transparent, cost-efficient structure, ensuring streamlined, competitive operations.
Office projects included in the portfolio Budapest /13 office facilities with 44,077 sqm
Visegrádi u. 110-112
Páva utca 8.
Bég u. 3-5.
Bég u. 4.
Hattyú u.14.
Kelenhegyi út 43
Pauler u. 2.
Üllői 48
Várna utca
Frangepán utca 19
Felhévíz utca
Sectura-Szent László
Szent László
Warsaw / Wiśniowy Business Park with 39,534 sqm.
Retail projects included in the portfolio Zone Retail Parks (Zalaegerszeg, Székesfehérvár, Hungary)
Kanizsa Centrum Shopping Center (Nagykanizsa, Hungary)
Miskolc Casino (Miskolc Hungary)
SPAR Portfolio
The value of retail properties held by investor 44600000
Warehouse projects included in the portfolio NA
PRS projects included in the portfolio NA
The largest purchase transactions between July 2022 and June 2023 February 2023 - Zone Retail Parks (retail - Zalaegerszeg, Székesfehérvár, Hungary) acquisition at a deal value of EUR 27,9 million - GLA 23,502
February 2023 - Kanizsa Centrum Shopping Center (retail - Nagykanizsa, Hungary) acquisition at a deal value of EUR 11,2 million - GLA 16,368 sqm.
March 2023 - Wiśniowy Business Park (office - Warsaw) acquisition at a deal value of approx. EUR 40 million - GLA 39,534 sqm
A prestigious address in Warsaw’s Mokotów district, the buildings offer a total of 39,534 sqm of modern office space and 1,272 parking lots, housing major tenants like Bank Pekao, Janssen Cilag, Westminster Bank, Johnson & Johnson and Assa Abloy. Refurbished in 2017, the office buildings are a testament to modern architectural design and sustainability, holding BREEAM In-Use ‘Very Good’ certification. The acquisition has been pivotal for Appeninn's portfolio diversification strategy, with plans for more acquisitions and refurbishments to develop its core business portfolio.
Why the company should be considered for the award Appeninn,prominently listed on the BSE,strategically divested from tourism and invested in commercial real estate, driving assets over EUR 180 million.Their sales surged to EUR 9.093 mln in H1 2023, up from EUR 4.113 mln. Achieving a commendable Scope Ratings upgrade to "B+" showcases their prowess.
Future plans Appeninn is set on diversifying its portfolio and fortifying its revenue streams.They're poised to expand in the CEE real estate sector.Navigating global challenges, they prioritize energy efficiency, SZIT certification, and leveraging stable, long-term financing, positioning them for future success
Company website http://appeninnholding.com/
Name of company
Appeninn Zrt. (Appenin Group)
Name of President or Managing Director for the region
Ms. Györgyi Szűcs, CEO since August 2022, before CFO/COO since March 2022
Profile of President or Managing Director for the region
Ms. Györgyi Szűcs spearheaded a vital restructuring at Appeninn in 2022 and 2023. Under her guidance, the company strategically divested its entire tourism portfolio. Significant acquisitions made in early 2023 amplified the firm's revenue stream, leading to a notable upgrade by Scope Ratings.
Description of company and team
Appeninn Holding, with assets surpassing EUR 180 million, operates with a lean 10-member team of employees and numerous outsourced roles. Listed on the Budapest Stock Exchange in the premium category, Appeninn focuses on acquiring and leasing commercial real estate in the CEE, targeting sustained growth. Future transactions aim for portfolio diversification and enhancing steady revenue streams. In H1 2023, the Group reported EUR 9.093 million in sales, a jump from EUR 4.113 million year-on-year. Value creation for Appeninn hinges on professional management, optimizing acquisition values, above-average yields, strategic financing, and proactive real estate management. The firm upholds a transparent, cost-efficient structure, ensuring streamlined, competitive operations.
Office projects included in the portfolio
Budapest /13 office facilities with 44,077 sqm
Visegrádi u. 110-112
Páva utca 8.
Bég u. 3-5.
Bég u. 4.
Hattyú u.14.
Kelenhegyi út 43
Pauler u. 2.
Üllői 48
Várna utca
Frangepán utca 19
Felhévíz utca
Sectura-Szent László
Szent László
Warsaw / Wiśniowy Business Park with 39,534 sqm.
Retail projects included in the portfolio
Zone Retail Parks (Zalaegerszeg, Székesfehérvár, Hungary)
Kanizsa Centrum Shopping Center (Nagykanizsa, Hungary)
Miskolc Casino (Miskolc Hungary)
SPAR Portfolio
The value of retail properties held by investor
44600000
Warehouse projects included in the portfolio
NA
PRS projects included in the portfolio
NA
The largest purchase transactions between July 2022 and June 2023
February 2023 - Zone Retail Parks (retail - Zalaegerszeg, Székesfehérvár, Hungary) acquisition at a deal value of EUR 27,9 million - GLA 23,502
February 2023 - Kanizsa Centrum Shopping Center (retail - Nagykanizsa, Hungary) acquisition at a deal value of EUR 11,2 million - GLA 16,368 sqm.
March 2023 - Wiśniowy Business Park (office - Warsaw) acquisition at a deal value of approx. EUR 40 million - GLA 39,534 sqm
A prestigious address in Warsaw’s Mokotów district, the buildings offer a total of 39,534 sqm of modern office space and 1,272 parking lots, housing major tenants like Bank Pekao, Janssen Cilag, Westminster Bank, Johnson & Johnson and Assa Abloy. Refurbished in 2017, the office buildings are a testament to modern architectural design and sustainability, holding BREEAM In-Use ‘Very Good’ certification. The acquisition has been pivotal for Appeninn's portfolio diversification strategy, with plans for more acquisitions and refurbishments to develop its core business portfolio.
Why the company should be considered for the award
Appeninn,prominently listed on the BSE,strategically divested from tourism and invested in commercial real estate, driving assets over EUR 180 million.Their sales surged to EUR 9.093 mln in H1 2023, up from EUR 4.113 mln. Achieving a commendable Scope Ratings upgrade to "B+" showcases their prowess.
Future plans
Appeninn is set on diversifying its portfolio and fortifying its revenue streams.They're poised to expand in the CEE real estate sector.Navigating global challenges, they prioritize energy efficiency, SZIT certification, and leveraging stable, long-term financing, positioning them for future success
Company website
http://appeninnholding.com/
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