DGAP-News: VIB Vermögen AG

VIB Vermögen strengthens self-financing capacities through active portfolio management

Neuburg/Danube, September 7, 2017 - VIB Vermögen AG, a company specialising in the acquisition, development and portfolio management of commercial properties, has taken advantage of the extremely high property prices and optimised its portfolio by selling two properties in southern Germany.

One of the properties is a mixed-use commercial site in Neuburg an der Donau with a total useful area of approximately 3,900 square metres, whereas the second property is a retail site in Memmingen with around 9,300 square metres of useful space. Together, both properties were generating about 0.7 per cent of the net rental proceeds of the VIB Vermögen property portfolio. The sale prices exceed the carrying amounts and amount to a total of approx. EUR 10 million.

Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG: "The sale of the two properties at the current time is proof of our excellent access to a variety of market players and underscores our active portfolio management expertise, whether we are buying or selling. We will use the proceeds to strengthen our internal financing ability and generate additional scope for new investments and developments."

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert
Tilly-Park 1
86633 Neuburg/Donau
Germany
Tel. +49 (0)8431 9077 952
Fax: +49 (0)8431 9077 973
Email: petra.riechert@vib-ag.de

About VIB Vermögen 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.