DGAP-News: VIB Vermögen extends rental agreement with leading sporting goods manufacturer in respect of 30,200 square metres

Corporate news

VIB Vermögen extends rental agreement with leading sporting goods manufacturer in respect of 30,200 square metres

Neuburg/Danube, 6. September 2018 - VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, has prematurely extended the rental agreement for the property in Uffenheim in the greater area of Würzburg by five years to the end of 2024.

The logistics facility, which is conveniently located near the A7 motorway, was acquired and added to the VIB portfolio in October 2016 - and is let to an international renowed manufacturer of sporting goods. The early extension of the rental agreement is another positive example of the business strategy, which involves administering and managing the properties of the VIB Group portfolio in-house.

"The successful tenancy extension is mainly attributable to our proactive in-house management
associated with the close contact to our tenants. Alongside our expertise in the development and acquisition of properties, managing our portfolio by ourselves has again proofen to be the right strategy", explains Martin Pfandzelter, Chief Executive Officer 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.