Report Publication Announcement • Oct 27, 2011
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Corporate | 27 October 2011 07:29
VIB Vermögen AG acquires newly built logistics property in Schwäbisch Gmünd
VIB Vermögen AG / Key word(s): Miscellaneous
27.10.2011 / 07:29
Neuburg/Donau, October 27, 2011 - VIB Vermögen AG, South Germany's leading
listed real estate company for commercial properties, is reporting a
further expansion to its real estate portfolio. VIB Vermögen AG is
strengthening its logistics segment with the purchase of a newly built
16,400 m² logistics property in Schwäbisch Gmünd, located in Germany's
dynamic economic region of Baden-Württemberg. The investment volume of
approximately EUR 11 million generates a rental yield of around 8% per
annum. The first rental payment will be made on December 2011. The contract
carries a 15-year duration, and includes an option for further five years.
As a result of this purchase, VIB Vermögen AG now commands a portfolio
totalling 87 properties with a rentable space of around 678,000 m². Ludwig
Schlosser, CEO of VIB Vermögen AG, expressed his satisfaction with the
successful transaction as follows: 'We are convinced that our commitment to
the logistics sector will prove sustainably successful. Our latest addition
to the real estate portfolio is also distinguished by an attractive rental
yield, and will consequently contribute to further enhancing our
profitability.'
VIB Vermögen AG has also announced that an already existing rental contract
for a logistics property in the Ingolstadt area, which comprises a space of
around 19,300 m², has been extended early by a ten-year period. Peter
Schropp, Management Board member responsible for real estate, regards this
as a reflection of VIB's successful cooperation with its tenants: 'We see
this contract extension as evidence of trust. It also says something about
the attractiveness of our properties, and of how we have correctly assessed
the needs of the market and our tenants.'
Contact
Investor Relations:
VIB Vermögen AG
Petra Riechert
Luitpoldstr. C70
86633 Neuburg/Donau
Tel: + 49 (0)8431 504-952
Fax: + 49 (0)8431 504-973
E-Mail: [email protected]
cometis AG
Ulrich Wiehle
Unter den Eichen 7
65195 Wiesbaden
Tel: +49 (0)611 205855-11
Fax: +49 (0)611 205855-66
E-Mail: [email protected]
Profile of VIB Vermögen AG (including BBI Immobilien AG)
VIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized real
estate holding company, whose investments focus on commercial properties in
Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was
transformed to become an Aktiengesellschaft (German public limited company)
in 2000. Since then, the company has developed core competences in the
acquisition and management of its own properties and participating
interests in companies with real estate portfolios.
The VIB Group pursues a develop-or-buy-and-hold strategy. It both develops
properties for its own portfolio and also acquires existing properties. The
VIB Group's real estate portfolio includes various logistics properties and
industrial facilities, shopping and specialist retail centers as well as
commercial and service centers.
End of Corporate News
27.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Germany
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: [email protected]
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Open Market in Frankfurt
143549 27.10.2011
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