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VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg an der Donau, Germany http://www.vib-ag.de
Contact Ms Petra Riechert +49 8431 504952
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VIB Vermögen AG

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.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.