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DGAP-News: VIB Vermögen AG
/ Key word(s): Real Estate
Corporate news Neuburg/Danube, April 22, 2020 - VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, is further expanding its real estate portfolio with the in-house development of a logistics facility. On an existing site in Gersthofen, which boasts excellent infrastructure links, a property is being developed that, following completion, will boast rentable warehouse and office space measuring some 7,500 square metres. The rental agreement, which covers both warehouse space and undeveloped space, has - as usual - been concluded on a long-term basis. Amazon will use the facility as a delivery station for the Augsburg region. VIB Vermögen AG expects that the site will be completed in summer 2020, on time and on budget. "With the project in Gersthofen, we are responding to demand for creative e-commerce solutions in Germany. We are delighted to be able to send a positive signal of continuity in the turbulent times of the coronavirus crisis," says Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG.
VIB Vermögen AG
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.
22.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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: | |
| Internet: | -ag.de |
| ISIN: | DE0002457512 |
| WKN: | 245751 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1026631 |
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| End of News | DGAP News Service |
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1026631Â Â 22.04.2020Â
