VIB Vermoegen AG

Regulatory Filings • Dec 9, 2005

News Details

Corporate | 9 December 2005 12:14

VIB Vermögen AG gains hirer for new real estate

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Neuburg / Donau, December 9th 2005 – The southern German real estate holding VIB Vermögen AG has hired out the industry real estate “Robert-Widmer-Str. 7” in Neuburg / Donau, purchased as of September 30th 2005. New hirer is the international logistics company “Scherm Logistik”, who will rent the real estate for at least 5 years. Through this successful tenancy VIB Vermögen AG will realise an above-average rental return of 8.5% for this object in the future. Originally, the recently acquired parcel had an area of about 23,270 sqm. Right after the acquisition, about one quarter of this land was resold as planned earlier. The real estate acquired in a compulsory auction was financed mostly by debt capital as well as by the operating cash flow. Altogether the hired out building area amounts to 3,335 sqm. CEO Ludwig Schlosser illustrates the potential of the new object: “By new investments this real estate offers the possibility to expand the hired out building area up to 10,000 sqm. As a consequence the yield of the object can be further increased.” Overall, VIB Vermögen AG now possesses 16 real estate objects with a rentable area of more than 140,000 sqm. Considering this new investment, the management expects an increase in revenues from 5.43m EUR in 2004 to at least 7.5m EUR in the current year. Contact: Investor Relations: cometis AG Ulrich Wiehle Unter den Eichen 7 65195 Wiesbaden Germany Phone: +49 611 / 205855-11 Fax: +49 611 / 205855-66 E-mail: wiehle@cometis.de Profile of VIB Vermögen AG: VIB Vermögen AG was founded in 1993 as a business partnership. With its incorporation in 2000 the holding has developed its core competencies: These include the increase and administration of own real estate and the investment into companies with real estate assets. Since the set up of the company the success of VIB Vermögen AG is based especially on its regional focus. Thereby, the company contributes to the economic growth and the origination of new jobs in Southern Germany. The company’s portfolio currently comprehends 16 different real estates, among them an industrial plant and industrial park in Neuburg / Donau, a business park in Günzburg as well as the recently opened DonauCityCenter in Ingolstadt. Altogether the VIB Group possesses a rentable area of more than 140.000 sqm. In 2004 the VIB Group realised revenues of 5.43m EUR. Net profit for the same period was at 0.95m EUR, while the cash flow amounted to 2.41m EUR. Since the creation of the company VIB Vermögen regularly distributed increasing dividends to its shareholders. Shares of VIB Vermögen are listed in the market segment M:access of the Munich Stock Exchange since November 28th 2005 (ISIN DE02457512). End of announcement (c)DGAP 09.12.2005 —————————————————————————— WKN: 245751; ISIN: DE0002457512; Index: Listed: