DAX ®12.511,65+2,86%TecDAX ®2.802,26+2,83%Dow Jones26.816,59+1,21%NASDAQ 1007.843,87+1,34%
finanztreff.de

PRESS RELEASE: VIB Vermögen AG expands portfolio with two development projects

| Quelle: Dow Jones Newsw... | Lesedauer etwa 3 min. | Text vorlesen Stop Pause Fortsetzen


DGAP-News: VIB Vermögen AG / Key word(s): Real Estate
VIB Vermögen AG expands portfolio with two development projects

2019-09-17 / 07:30
The issuer is solely responsible for the content of this announcement.

Corporate news
*VIB Vermögen expands portfolio with two development projects*

*- Logistics property in Schwarzenbruck with 9,400 square metres of rentable
space to be completed by the end of the year*

*- 3,700 square metres of office space have been added at Business Park
Regensburg*

_Neuburg/Danube, September 17, 2019_ - VIB Vermögen AG, a company
specialising in the development, acquisition and portfolio management of
commercial properties, is adding new office and logistics space in
Schwarzenbruck and Regensburg to its portfolio.

In late 2018, VIB Vermögen completed and fully let an approx. 30,000 square
metre logistics facility in the economically strong Nuremberg Metropolitan
Region. On account of strong demand, a further logistics facility of approx.
9,400 square metres is being built in a directly adjacent location. The
property, which has been fully let prior to completion, will be added to the
portfolio at the end of 2019. The project has an investment volume of some
EUR 7.2 million.

Two office complexes and a multistorey car park have been added to Business
Park Regensburg on a gravel area previously used as a car park. The two
office complexes were fully let for attractive rental terms at the start of
construction. They boast a combined rentable area of 3,700 square metres, as
well as 742 parking spaces in the car park. The investment volume stands at
approx. EUR 10.3 million.

"Both projects are classic examples of the sustained growth witnessed in our
core region. Alongside classic development projects, redensification at
existing sites is a key strategic pillar of further sustainable and
profitable growth at the company," explains Martin Pfandzelter, Chief
Executive Officer of VIB Vermögen AG.

*Contact*
Investor Relations:

VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg an der Donau Email: petra.riechert@vib-ag.de

*About VIB Vermögen AG *

VIB Vermögen AG is a medium-sized company specialising in commercial real
estate management that has been operating successfully for more than 25
years. The company focuses on properties from the logistics/light industry
and retail sectors in the economically strong southern German region. VIB's
shares have been listed on the Munich (m:access) and Frankfurt (Open Market)
stock exchanges since 2005.

VIB's business model is based on a "develop-or-buy-and-hold" strategy.
Firstly, VIB acquires properties that are already rented. Secondly, it
completely develops new properties in order to transfer them to its own
portfolio on a long-term basis and generate rental income from them. VIB
also holds investments in companies with real estate assets.

2019-09-17 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: VIB Vermögen AG
Tilly-Park 1
86633 Neuburg/Donau
Germany
Phone: +49 (0)8431 / 9077 952
Fax: +49 (0)8431 / 9077 973
E-mail: petra.riechert@vib-ag.de
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 874301

End of News DGAP News Service

874301 2019-09-17



(END) Dow Jones Newswires

September 17, 2019 01:30 ET ( 05:30 GMT)
Werbung

Das könnte Sie auch interessieren

News-Suche

Suchbegriff:
Werbung

Werbung
Diese Seite empfehlenschliessen
Interessant, oder?
Teilen Sie diese Seite auf Facebook oder Twitter
Wenn Sie auf die Teilen-Buttons klicken und sich bei den Betreibern einloggen, werden Daten an den jeweiligen Betreiber übermittelt. Bitte beachten Sie die Datenschutzerklärung.
Aktuelle Umfrageschliessen
Wie, glauben Sie, wird der DAX am Ende dieser Woche - KW 42 - stehen?
Jetzt abstimmen!
Alle Umfragen ansehen