Appeninn Plc has announced that on Friday it completed the acquisition of the retail portfolio of the Polish company Dekada S.A., comprising properties in 11 towns with a total lettable area of approximately 53,000 square metres. The transaction, comprising seven retail parks and four shopping centres, is significant even by Polish property market standards, as it is valued at over 100 million euros.

Following the completion of the transaction, Appeninn acquired a property portfolio of approximately 53,000 square metres, generating gross rental income in excess of 10 million euros per year

It comprises seven retail parks and four shopping centres.

The retail parks are located in Brodnica, Ciechanów, Grójec, Kraków, Myślenice, Olsztyn and Nowy Targ, whilst the shopping centres are in Malbork, Sieradz, Skierniewice and Żyrardów.

The properties acquired primarily cater to the day-to-day shopping needs of the local population. Tenants include Biedronka, Rossmann, Empik, JYSK, Castorama, Action, Apart and Ochnik.

The acquisition, worth over 100 million euros, was made by Appeninn from its own resources and through loan financing from the Austrian bank Erste Group Bank AG carried out. The parties did not disclose the exact purchase price.

Appeninn’s series of targeted regional acquisitions began with the purchase of the Wiśniowy Business Park in Warsaw in 2023, followed by the acquisition of Goodyear’s logistics centre in Tarnów in February 2026. With the Dekada portfolio, Appeninn’s investments in Poland

They span three strategic property segments, with a combined market value exceeding 170 million euros.

As a key milestone in the strategic transformation that began in 2022, Appeninn has been operating as a regulated property investment company (SZIT) since 1 July 2024. This form of operation is subject, amongst other things, to regulatory requirements relating to leverage, property valuation and dividend proposals, which, going beyond stock exchange requirements, increases the company’s transparency and makes its operations easier to follow.

 The Appeninn Group’s revenue from lettings rose from €8 million in 2022 to €23 million by 2025, whilst its equity increased from €83 million to €128 million. In April 2026, Scope Ratings once again affirmed Appeninn’s B+/Stable credit rating and, in its analysis, highlighted the positive trends of recent years – they noted.

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