Press release BoxID: 458997 (VIB Vermögen AG)
  • VIB Vermögen AG
  • Luitpoldstraße C 70
  • 86633 Neuburg an der Donau
  • Contact person
  • Petra Riechert
  • +49 (8431) 504-952

VIB Vermögen AG acquires newly built logistics property in Schwäbisch Gmünd

High-yielding property acquired with investment volume of around EUR 11 million / Early 10-year contract extension for logistics property in Ingolstadt area

(PresseBox) (Neuburg/Donau, ) VIB Vermögen AG, South Germany's leading listed real estate company for commercial properties, is reporting a further expansion to its real estate portfolio. VIB Vermögen AG is strengthening its logistics segment with the purchase of a newly built 16,400 m² logistics property in Schwäbisch Gmünd, located in Germany's dynamic economic region of Baden-Württemberg. The investment volume of approximately EUR 11 million generates a rental yield of around 8% per annum. The first rental payment will be made on December 2011. The contract carries a 15-year duration, and includes an option for further five years.

As a result of this purchase, VIB Vermögen AG now commands a portfolio totalling 87 properties with a rentable space of around 678,000 m². Ludwig Schlosser, CEO of VIB Vermögen AG, expressed his satisfaction with the successful transaction as follows: "We are convinced that our commitment to the logistics sector will prove sustainably successful. Our latest addition to the real estate portfolio is also distinguished by an attractive rental yield, and will consequently contribute to further enhancing our profitability."

VIB Vermögen AG has also announced that an already existing rental contract for a logistics property in the Ingolstadt area, which comprises a space of around 19,300 m², has been extended early by a ten-year period. Peter Schropp, Management Board member responsible for real estate, regards this as a reflection of VIB's successful cooperation with its tenants: "We see this contract extension as evidence of trust. It also says something about the attractiveness of our properties, and of how we have correctly assessed the needs of the market and our tenants."

VIB Vermögen AG

VIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized real estate holding company, whose investments focus on commercial properties in Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was transformed to become an Aktiengesellschaft (German public limited company) in 2000. Since then, the company has developed core competences in the acquisition and management of its own properties and participating interests in companies with real estate portfolios.

The VIB Group pursues a develop-or-buy-and-hold strategy. It both develops properties for its own portfolio and also acquires existing properties. The VIB Group's real estate portfolio includes various logistics properties and industrial facilities, shopping and specialist retail centers as well as commercial and service centers.