VIB Vermoegen AG

Regulatory Filings • Dec 14, 2009

News Details

Corporate | 14 December 2009 08:01

VIB Vermögen AG further increases real estate portfolio on group level

VIB Vermögen AG / Miscellaneous

14.12.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

• Four high-margin properties acquired
• Total investment volume of around EUR 22.5 million
• Income base increases by annualized net rental income of around EUR 1.6
  million

Neuburg/Danube, December 14, 2009 - VIB Vermögen AG, a company specializing
in managing commercial real estate, has further expanded its real estate
portfolio in the second half of 2009. The company has acquired four
high-margin, newly built properties with a total investment volume of
around EUR 22.5 million, which will generate additional annualized net
rental income of around EUR 1.6 million.

The VIB Group has increased its rental space at a group level by 12,843 m²
thanks to the acquisitions it made in October and November 2009. Two
specialist store centers in Oberammergau and Freystadt were transferred in
this period. In addition, the specialist store center in Simbach, which the
company already owned, was completed when the second construction segment
was finished. Moreover, a further MAN truck service station in Kirchheim
has reinforced the VIB Group's real estate portfolio since November.

Peter Schropp, the company's Managing Board member responsible for real
estate, believes that VIB Group's income base has been sustainably
strengthened: 'All of the properties are already fully let on exceptionally
long terms - some have leases running for up to 22 years. In addition, we
have only concluded leases with top-quality tenants with excellent credit
ratings.' CEO Ludwig Schlosser believes that the use of the VIB Group's
tried and trusted financing strategy also allows high returns and security
to be combined: 'In terms of tenants, we have a high degree of forecasting
security for our income thanks to the long-term leases, excellent tenant
credit ratings and low vacancies. At the same time, our financing
structures are very solid. This allows us to make highly attractive
investments, even in this difficult economic period.' The company's
acquisitions are primarily equity financed combined with annuity loans,
which are mostly not subject to any covenant agreements.

In total, the VIB Group has thus newly acquired or expanded seven
properties in the current fiscal year. For this fiscal year the investment
package has thus been concluded. The total investment volume amounted to
around EUR 51.1 million. The properties newly added in 2009 have a total
rental area of around 47,400 m² and generate additional annualized net
rental income of around EUR 4.0 million. VIB Group thus records a rental
return of approx. 7.9% with the new properties it acquired in 2009. As part
of the constant optimization of the group's portfolio, it also sold a
property at the beginning of the year. At present, the company's real
estate portfolio thus comprises 85 properties with a rental area of 644,000
m².

Profile of VIB Vermögen AG (incl. 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 buy-and-hold strategy. It both acquires 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. The VIB Group generates sustainable rental
returns with a total rental area of approx. 644,000 m².

Contact

Investor relations:

VIB Vermögen AG
Petra Riechert
Luitpoldstr. C70
86633 Neuburg/Danube
Phone: + 49 (0)8431 504-952
Fax: + 49 (0)8431 504-973
E-Mail: petra.riechert@vib-ag.de
Germany

cometis AG
Dirk Stauer
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0)611 205855-22
Fax: +49 (0)611 205855-66
E-Mail: dirk.stauer@vib-ag.de
Germany

14.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Deutschland
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: petra.riechert@vib-ag.de
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751

End of News DGAP News-Service

---