News Article Appeninn Budapest Hungary investment office tenant
by Ákos Budai | Investment

Appeninn has purchased a property in the Rózsadomb area of the 2nd district of Budapest. The company has signed a lease agreement for 6 years with Pénzügykutató Alapítvány (Financial Research Foundation) regarding the over 800 square meters large office.

Appeninn Nyrt., listed in the Budapest Stock Exchange, has extended its real estate portfolio after purchasing an over 800 square meters large property on Felhévízi Street. The purchase price could return for Appeninn within 7 years, since it has immediately signed a 6-year fixed-term lease agreement with Pénzügykutató Alapítvány (Financial Research Foundation). This transaction further supports the realization of Appeninn’s strategy, which consists of expanding the company’s portfolio via real estates with immediate usability and good capabilities. This enables the company to have an occupancy rate of the area it handles far above the market average, over 95 percent.