VIB Vermoegen AG

Regulatory Filings • Dec 6, 2007

News Details

Corporate | 6 December 2007 08:48

VIB Vermögen AG: EUR 26 million investments strengthen market position

VIB Vermögen AG / Miscellaneous

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Neuburg / Donau, 6th December 2007 – The VIB Vermögen AG, a real estate
company specialising in commercial real estate, has expanded its portfolio
by three new investments amounting to a total capital expenditure of EUR
26m and offering additional lettable area of around 27,400 m². Ranking
among the acquisitions are a shopping arcade in Lauf and a logistics centre
in Mitterteich that is presently being built. Furthermore, the company
acquired an attractive piece of land in Frankfurt am Main, which is shortly
to be developed. In addition, the construction of a logistics property has
now been completed on a piece of land that was acquired in Herten in
summer. The delivery of the property took place on 3rd December 2007. As
such, the portfolio of the VIB Vermögen AG has increased to a total of 43
properties with a current lettable area of over 377,000 m². Ludwig
Schlosser, CEO of the VIB Vermögen AG, sees the company as being in an
excellent position with its most recent acquisitions: 'The acquisitions
have enabled us to strengthen our market position yet again. We are on the
right path towards becoming the leading listed real estate company for
commercial real estate in the south of Germany.'

Among the above-mentioned investments are the Gramp Arcades in Lauf
(Nürnberger Land), which the VIB Vermögen AG acquired for a total of around
EUR 6.6m. The property, which is fully let, has a rentable area of 3,227
m². The company will receive annual net rentals from the property
amounting to approximately EUR 472,000.

The company further acquired a logistics centre that is presently being
built in Mitterteich in the Oberpfalz/Bavaria for a purchase price of EUR
5.9m including the acquisition costs. The property, which is within easy
access of the main routes between Nuremberg and Prague, has a lettable area
of 10,500 m² and is to be completed by the end of March 2008. The annual
rental yield from the property will amount to EUR 447,000.

In addition, on Monday, 3rd December 2007, a logistics facility in Herten
near Recklinghausen was delivered to the tenant, a sanitary wholesaler, who
will be using the property, which has a rentable area of 8,670 m², as a
distributing warehouse. The company expects to achieve an annual rental
income of EUR 559,000 on total capital expenditure amounting to
approximately EUR 6.7m.

The construction of a logistics centre has been planned for the newly
acquired piece of land in Frankfurt am Main. On completion, the property
will have a lettable area of 13,650 m² and will generate an annual net
rental of around EUR 1.08m for the VIB Vermögen AG. The company anticipates
total capital expenditure to amount to around EUR 13.5m. The property,
which is situated in the area in Frankfurt am Main known as the 'Am
Martinszehnten', is expected to be completed between July and September
2008.

The average yield on these recent investments made by the VIB Vermögen AG
will amount to 7.8%.

Profile of the VIB Vermögen AG:

The VIB Vermögen AG is a medium-sized real estate holding company that
focuses its investments on commercial real estate in South Germany.
Founded in 1993 as a business partnership, the VIB was converted into a
public company in the year 2000. Since then the company has developed its
core competency in the fields of acquisition and management of its own real
estate and of investment in companies with real estate assets. The real
estate portfolio of the VIB Group comprises of different properties
including both an industrial plant and an industrial estate in
Neuburg/Donau, a commercial park in Günzburg and the DonauCityCenter in
Ingolstadt. The logistics real estate parcel that was acquired in November
2006 and a retail and services centre in the commercial area of
Memmingen-Nord are also part of the VIB Group holdings. With a total
lettable area of approx. 377,000 m², the company achieves sustainable
rental yields of over 8% p. a.

Investor Relations:

cometis AG
Ulrich Wiehle
Unter den Eichen 7
65195 Wiesbaden

Tel: +49 611/205855-11
Fax: +49 611/205855-66
E-mail: ulrich.wiehle@vib-ag.de

06.12.2007 Financial News transmitted by DGAP

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

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