Appeninn Asset Management Holding Plc, through its wholly owned Polish subsidiary, has acquired the Goodyear logistics centre in Tarnów, Poland. This success in Poland was announced by the real estate investment company.

According to their information, the transaction involved Appeninn Project-TRNW sp. z o.o. has acquired a 100 percent stake in the logistics centre, which is being developed in three phases and has a total of 56,343 sqm of net lettable area. 

Hired by a global brand in Poland

The property in Poland is leased by Goodyear Dunlop Tires Operations S.A. on a long-term exclusive lease with an option to extend. The location of the centre is excellent, within easy reach of one of Goodyear's largest tyre manufacturing plants in Europe,

is located close to the A4 motorway in Poland, one of the most important east-west transport corridors in the region.

The acquisition of the logistics centre is Appeninn's second investment in Poland, following the acquisition of the Wisniowy Business Park office complex in Warsaw in 2023, the statement said. Györgyi Szűcs, CEO of Appeninn Vagyonkezelő Holding Nyrt.  

Stable cash flow and diversification

In the statement, the Director stressed that this acquisition will add a quality asset with stable cash flow to their regional portfolio. 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 reported figures, Appeninn's rental income for the first half of 2025 amounted to €10,797 million and its profit after tax to €3,419 million, down €1,018 million and €3,612 million respectively compared to the same period last year. 

They are expanding abroad, but their profits are huge in Hungary

32 percent of the group's rental revenues came from the Polish market and 68 percent from the Hungarian market. The company's real estate portfolio consists of office, retail and logistics properties, with investment properties valued at euro at the end of the first half of last year.

In the first half of last year, rental income from Poland amounted to €3,453 million, a year-on-year decrease of more than 20 percent. Rental income from Hungary amounted to €7,344 million, 

so rental income from Hungarian assets increased by 3 percent. The shares of Appeninn Nyrt., a regulated real estate investment company, are listed in the premium category of the Budapest Stock Exchange (BSE), with 650 forint traded between HUF 1 and 1080.

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