VIB Vermögen reports completion and full occupancy of a 31,000 square metre site in Schwarzenbruck
Neuburg/Danube, October 25, 2018 - VIB Vermögen AG, a company specialising in the development, acquisition and management of commercial properties, has added a further multi-
functional property in an attractive location to its portfolio.
In total, the multifunctional logistics property boasts a rentable useful area of approximately 31,000 square metres. The facility is fully let on a long-term basis to two users from the logistics and e-commerce sectors. With an investment volume of around EUR 20 million, the property is generating a net initial yield of approximately 8.5 per cent.
"We are delighted that we have completed yet another development project on time and on budget. This project is further proof of our development and letting expertise and is a perfect fit with our corporate strategy," explains Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG.
VIB Vermögen AG
Petra Riechert Tel.: +49 (0)8431 9077 952
Tilly-Park 1 Fax: +49 (0)8431 9077 929
86633 Neuburg/Danube Email: firstname.lastname@example.org
Profile of VIB Vermögen AG
VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 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.
25.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de