VIB Vermögen AG

  • WKN: 245751
  • ISIN: DE0002457512
  • Land: Deutschland

Nachricht vom 17.09.2019 | 07:30

VIB Vermögen AG expands portfolio with two development projects

DGAP-News: VIB Vermögen AG / Key word(s): Real Estate

17.09.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Corporate news
VIB Vermögen expands portfolio with two development projects

- Logistics property in Schwarzenbruck with 9,400 square metres of rentable space to be completed by the end of the year

- 3,700 square metres of office space have been added at Business Park Regensburg

Neuburg/Danube, September 17, 2019 - VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, is adding new office and logistics space in Schwarzenbruck and Regensburg to its portfolio.

In late 2018, VIB Vermögen completed and fully let an approx. 30,000 square metre logistics facility in the economically strong Nuremberg Metropolitan Region. On account of strong demand, a further logistics facility of approx. 9,400 square metres is being built in a directly adjacent location. The property, which has been fully let prior to completion, will be added to the portfolio at the end of 2019. The project has an investment volume of some EUR 7.2 million.

Two office complexes and a multistorey car park have been added to Business Park Regensburg on a gravel area previously used as a car park. The two office complexes were fully let for attractive rental terms at the start of construction. They boast a combined rentable area of 3,700 square metres, as well as 742 parking spaces in the car park. The investment volume stands at approx. EUR 10.3 million.

"Both projects are classic examples of the sustained growth witnessed in our core region. Alongside classic development projects, redensification at existing sites is a key strategic pillar of further sustainable and profitable growth at the company," explains Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG.


Contact
Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg an der Donau Email: petra.riechert@vib-ag.de


About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 25 years. The company focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB's shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

VIB's business model is based on a "develop-or-buy-and-hold" strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.



17.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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