VIB Vermoegen AG

Regulatory Filings • Jul 10, 2007

News Details

Corporate | 10 July 2007 08:00

VIB Vermögen AG expands portfolio by another five attractive investments

VIB Vermögen AG / Miscellaneous

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

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Neuburg / Donau, 10th July 2007 – The VIB Vermögen AG, a real estate
company specialised in commercial real estate, has expanded its portfolio
considerably since the end of May by the addition of five new investments.
These comprise two new properties and, in addition, two pieces of land
which are shortly to be developed and also a piece of land that is being
held as a financial investment. The investments are situated in Bavaria and
North Rhine-Westphalia, and also in the Czech Republic. These most recent
acquisitions of the VIB Vermögen AG are being financed through approx. 30%
equity and around 70% loan capital.

Logistics plants will be built on both of the recently acquired pieces of
land. In this respect, a distributing warehouse with a lettable area of
8,670 m² will be built in Herten near Recklinghausen for the future tenant,
a nationally-operating wholesaler for sanitary equipment. Completion of the
property, and thus the transfer into the holding portfolio of the VIB
Vermögen AG, is planned for this year. The total investment for the piece
of land under development will amount to around EUR 6.5m. The second piece
of land to be developed is situated in the eastern part of Upper Bavaria. A
tenancy agreement has already been signed for the logistics plant that will
be completed on the piece of land by the middle of next year. The tenant is
a renowned logistics company. The investment costs and the effective area
of the building depend on whether an option to extend the building is taken
up. Should this be the case, the total investment with regard to an
effective area of approx. 38,000m² will amount to around EUR 18.5m and
otherwise EUR 14.0m for a lettable area of about 28,000m².

Furthermore, the VIB Vermögen AG has been able to secure a piece of land,
which is being held as a financial investment, in the Czech Republic with
excellent infrastructure connections. Comprising an area of 140,000m², this
piece of land is ideal for the development of a large logistics property.
It is situated between the German-Czech Republic border and the town of
Pilsen, in the immediate vicinity of a motorway exit.

The VIB Vermögen AG has also acquired two new properties. In Neumarkt the
company acquired a Burger King fast food restaurant with a purchase price
including ancillary acquisition costs of around EUR 1.5m. In addition, the
company acquired an office and production building in Schwabmünchen for a
purchase price of around EUR 3.2m. The tenant of this property is a medical
engineering company. With these new investments, the VIB Vermögen AG
maintains its leading position as a strong-yield real estate holding
company.

The total amount invested, not including the piece of land in the Czech
Republic, amounts to around EUR 30m.

The VIB Vermögen AG has reacted well in time to the rise in interest over
the past few months and has thus pegged 87% of its loans. The average rate
of interest of all bank liabilities is 4.75%.

VIB Vermögen AG - profile

VIB Vermögen AG is a medium-sized real estate holding company, whose
investments focus on commercial properties in Southern Germany. Formed as a
partnership in 1993, VIB was converted into a public 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’s real estate portfolio includes more than 34 different
properties, including an industrial zone and industrial park in
Neuburg/Donau, a commercial park in Günzburg and DonauCityCenter in
Ingolstadt. The VIB Group’s properties also include the parcel of logistics
properties acquired in November 2006 and a retail and service center in the
Memmingen-Nord commercial zone. The company records sustainable rental
yields of more than 8% p. a. with a total rental area of approx. 320,000
m².

Investor Relations:

cometis AG
Ulrich Wiehle
Unter den Eichen 7
65195 Wiesbaden
Tel.: +49 (0)611 205855-11
Fax: +49 (0)611 205855-66
E-mail: ulrich.wiehle@vib-ag.de

DGAP 10.07.2007

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
Indices:

End of News DGAP News-Service

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