Appeninn let out properties of more than 15 thousand square metres

2019
November
25
News

In recent months, Appeninn Plc. let out properties of more than 15 thousand square metres, including office buildings as well as retail properties Out of the premium partners of the property market company, several ones have extended their lease agreements recently, and a leading media company also contracted with Appeninn as a new tenant.


In the recent months, Appeninn Plc. has made agreements related to the rent of properties of more than 15 thousand square metres. There are office buildings and retail units amongst the let out properties. A part of the agreements are extensions of previously made contracts, but there is also a new tenant, which is one of the leading media companies in Hungary.

The tenants operate in different sectors: including public administration organisations, credit institutions as well as a media company and a large retail corporation. The terms and conditions of the lease agreements are more beneficial, and will generate all together 16 percent more revenues for the company. As a result of the concluded and the extended agreements (by 5-10 years), the let out properties will generate stable and predictable revenues for the company in the coming years.

According to Tamás Bernáth, the Chairman and CEO of Appeninn Plc., the company’s business strategy not only includes growth, but also stability and predictability, which are significantly supported by the concluded and extended agreements. The let out properties of more than 15 thousand square metres will generate continuous and reliable revenues for the company in the coming years. The unbroken trust of the tenants, operating in different sectors justifies that the company’s properties are of high quality and can meet the expectations of great market players.