Corporate News

Supervisory Board of VIB Vermögen appoints Mr. Nicolai Greiner as new Managing Board member from October 1, 2022 and Mr. Rainer Hettmer as Interim Managing Board member

Neuburg/Danube, June 29, 2022 – The Supervisory Board of VIB Vermögen AG, a company specialising in the development, acquisition and management of commercial real estate, has appointed Mr. Nicolai Greiner as a new member of the Managing Board with effect from October 1, 2022. For the period from 1 July to 30 September 2022, Mr Rainer Hettmer has been appointed to the Executive Board on an interim basis.

Mr. Nicolai Greiner holds a degree in real estate economics and knows the real estate business from the ground up. Starting with his training as a businessman for real estate and housing, he has acquired excellent expertise through his activities and further training, for example, at Deutsche Immobilien AG in Freiburg from 2007 - 2009 and at the Academy of the Real Estate Industry from 2013 - 2014. He has held management positions at various real estate companies and is currently still active as Managing Director of thallos Projektentwicklung GmbH.

Mr. Hettmer has been employed as Head of Financing and Investments at VIB Vermögen AG since January 2002 and has known the company since it was founded in 1993. Together with Mr. Oehme, he will manage the AG's business until Mr. Nicolai Greiner, as a new member of the Managing Board, takes over the operative real estate area from 1.10.2022.

"I am very pleased that we have found a perfect solution with both gentlemen, both to drive forward the integration process in the DIC Group and to promote the growth of VIB as a leading real estate company for logistics properties," explained Ludwig Schlosser, Chairman of the
Supervisory Board 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/Danube E-Mail:

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the management of commercial real estate portfolios, which has been operating successfully for 25 years. The focus is on properties in 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: On the one hand, VIB acquires properties that have already been let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets.