VIB announces the completion of two logistics properties with a lettable area of around 16,500 m²

Neuburg/Danube, April 20, 2021 - VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, announces the completion of its project developments in Eslarn and in Interpark near Ingolstadt. Both properties were handed over to the tenants on schedule at the end of March.

The logistics building in Eslarn with a lettable area of around 9,400 m² has been leased for ten years to a company operating in the online retail sector.

With the new logistics building in the Interpark in Kösching, with an area of around 7,100 m² and a ten-year lease too, VIB Vermögen is expanding its presence in one of Bavaria's largest industrial parks and strengthening its focus on the logistics sector.

"We are very pleased that we were able to conclude ten-year leases for both properties before construction began", says Martin Pfandzelter, CEO of VIB Vermögen AG, adding: "The high energy standard and the equipment of the properties with a photovoltaic system contribute accordingly to optimising our portfolio in terms of sustainability."

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/Danube, Germany 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. 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.