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DGAP-News: VIB Vermögen AG / Key word(s): Acquisition/Real Estate
VIB Vermögen acquires and develops a logistics/light industry property in Ehningen for EUR 7.5 million
23.05.2019 / 07:30
The issuer is solely responsible for the content of this announcement.
Corporate news
VIB Vermögen acquires and develops a logistics/light industry property in Ehningen for EUR 7.5 million
Neuburg/Danube, May 23, 2019 - VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, is adding a versatile logistics/light industry property in Ehningen, Baden-Württemberg, to its property portfolio.
The property boasts a rentable area of approx. 9,100 square metres. It is located directly within the growth region of Stuttgart, making it attractive to a broad spectrum of potential tenants. What's more, the logistics facility is currently being renovated to meet the very latest standards, with VIB expecting completion by the end of the year. Alongside the renovation work, negotiations are also under way with numerous potential tenants.
"Our mission is to tap into further economically strong locations by continuously expanding our property portfolio. This project exemplifies the considerable in-house expertise at VIB when it comes to combining acquisitions with targeted development in a way that generates further value added for our company and our shareholders," explains Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG.
Contact
Investor Relations:
VIB Vermögen AG
Petra Riechert
Tilly-Park 1
86633 Neuburg an der Donau
Tel.: +49 (0)8431 9077 952
Fax: +49 (0)8431 9077 929
Email:
About 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. 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.
23.05.2019 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.
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