DGAP-News: VIB Vermögen adds 33,500 square metres to its property portfolio

Corporate news

VIB Vermögen adds 33,500 square metres to its property portfolio

- Infill development of office space in a portfolio property in Business Park Regensburg

- Construction of a logistics facility near Nuremberg

Neuburg/Danube, June 28, 2018 - VIB Vermögen AG, a company specialising in the development, acquisition and management of commercial properties, is adding another 33,500 square metres of new office and logistics space to its portfolio.

The company recently started adding around 3,500 square metres of space to an existing property in Business Park Regensburg as infill development in two additional office buildings on existing ground. Around 95 per cent of the new office spaces at the in-demand location are already being leased to three long-term tenants. The construction of the bulding is due to finish in the fourth quarter of 2019. On the basis of the parameters, the project is expected to have an initial yield of around 7.5 per cent.

The second real estate project is the construction of a logistics facility that is due to be completed in the fourth quarter of this year. Situated in Schwarzenbruck in the vicinity of the booming city of Nuremberg, the property will have a total lettable area of around 30,000 square metres. Already before completion, a tenant from the logistics sector was won for around one third of the rental space, who intends to set up a business and administrative headquarters at this location in order to profit from the economic power of the Nuremberg metropolitan region. The initial yield of this project will be around 8.5 per cent.

"The realisation of the two real estate projects - infill development and a new build - is consistent with our business model whereby we are flexible enough to react to the conditions of the markets. It has proven itself once again here", says Martin Pfandzelter, CEO 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 Email: petra.riechert@vib-ag.de

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 20 years. The company 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.