Dekada sells 11 Polish retail properties for more than €100 million to Appeninn
Dekada's sale of 11 Polish retail properties to Budapest-listed Appeninn for over €100m represents portfolio optimization and capital recycling within European commercial real estate. The assets are mature, high-occupancy convenience retail properties, suggesting stable cash-flow characteristics for the buyer rather than a macro shift. The transaction is idiosyncratic and unlikely to alter broader risk sentiment across liquid markets in the near term.
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Dekada has sold 11 retail properties in Poland, totaling about 53,000 sqm of gross lettable area, to Hungary-listed Appeninn Asset Management Holding Plc. for more than €100 million. The portfolio comprises modern convenience retail assets built in phases from 2011 to 2024. Occupancy exceeds 95%, with tenants spanning established national and international retail and service brands. The transaction is described as a corporate-level asset optimization and does not involve broader industry or macroeconomic adjustments.