DGAP-News: VIB Vermögen expands portfolio with further in-house developments

Corporate News

VIB Vermögen expands portfolio with further in-house developments

Neuburg/Danube, September 18, 2020 - VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, is building a logistics hall with a usable area of around 7,100 square meters in the Interpark near Ingolstadt, and is expanding the business park in Regensburg by a further 3,200 square meters.

A property with a rentable area of around 7,100 square metres is being built on an existing plot of land in Germany's largest contiguous business park, which has an excellent infrastructure. A tenancy agreement for this property with a long-term tenant for a term of 10 years from completion was already agreed before construction work began. The handover to the tenant is planned for April 2021.

In Regensburg, the company will expand the existing businessPark property by a further 3,200 square metres of office space, one quarter of which has already been let and is expected to be completed by early May 2021.

"The Interpark location near Ingolstadt is proving to be a very stable basis for our portfolio, as is the businessPark in Regensburg. This has already been demonstrated by the early extensions to the rental agreements with one of our top 10 tenants in Interpark," commented Martin Pfandzelter, VIB Vermögen AG's CEO. "The fact that we are once again constructing a property with a long-term rental agreement confirms the quality of the location," he adds.

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/Donau E-Mail: [email protected]

Profile of VIB Vermögen AG
VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 years. It 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.