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Appeninn Holding establishes unit to buy, operate industrial properties

Appeninn Holding said it set up a unit called Appeninn-Logisztika to acquire and operate industrial properties and logistics parks. Appeninn aims to achieve an annual yield of more than 8pc and stable cash flow with its acquisitions. Appeninn was listed on the Budapest Stock Exchange on July 2. It had net assets of HUF 2.56 billion on June 30. The company manages property worth about HUF 10 billion through its units. (MTI-ECONEWS)