In 2023, the Appeninn Group increased its rental income by 142 percent to €19.49 million, while its profit after tax rose to €22.76 million. In addition to the domestic and Polish acquisitions made in the past year and the company's Scope Ratings rating, the preparation for and acquisition of SZIE status in January 2024 was an important milestone.

The Appeninn Group has announced significant growth in 2023. Its rental income increased by 142 percent to €19.49 million and its direct margin increased by 114 percent to €12 million. Last year's consolidated profit after tax of €22.76 million, an increase of 63 per cent, already included the amount of deferred tax liabilities released by the acquisition of SZIE status, in addition to the impact of property revaluations.

The group sold its last tourism interest in early 2023, and in February acquired the Zone shopping park in Székesfehérvár and Zalaegerszeg, as well as the Kanizsa Centrum shopping centre in Nagykanizsa. As the next step in the development of its commercial real estate portfolio, and its first foreign transaction, in March 2023 it acquired the shares of Dounby Sp. z.o.o., owner of office buildings C, D, E and F of Wiśniowy Business Park in Warsaw.

On April 5, 2023, Scope Ratings upgraded Appeninn's credit rating from 'B' to 'B+' and its bond rating from 'B-' to 'B+', mainly based on the transactions executed under a conservative financing structure.

On 13 December 2023, the general meeting of the company decided to initiate the registration of Appeninn as a regulated real estate investment holding company ("REIT") and subsequently as a regulated real estate investment company ("REIT").