VIB Vermögen AG

VIB Vermögen AG: Self-developed logistics centre near Ingolstadt completed and rented entirely

Business news for the stock market

Neuburg / Danube (pta004/31.08.2015/07:35) - - - Investment volume of around EUR 34 million - Attractive 9.5 % rental yield - Company exceeds level of 1 million square metres of rentable space

Neuburg/Danube, August 31, 2015 - VIB Vermögen AG, a company specialising in commercial real estate project development and portfolio management, has completed to schedule the largest logistics centre that it has developed itself to date. This centre is located at the Interpark near Kösching/Ingolstadt, and has been entirely rented.

The commercial property entails a land area of around 95,000 sqm and a usable building space of approximately 55,000 sqm, of which 4,000 sqm comprises office, social and mezzanine areas. The investment volume amounts to around EUR 34 million. This state-of-the-art logistics centre is situated in the Interpark, one of Southern Germany's most important commercial parks. It is located directly adjacent to Ingolstadt, in the catchment area for the Munich and Nuremberg metropolitan regions.

As of the completion date, the property is fully rented to two clients of high credit standing. The rental yield amounts to an attractive 9.5 % given that VIB Vermögen has developed the property itself in a highly efficient manner. The premises were transferred to both tenants from the logistics and automotive sectors when the property was completed after a construction period of just nine months. The Interpark commercial park offers further potentials for development projects. VIB Vermögen has already secured additional plots of land for this purpose.

"The completion to schedule and complete rental of our new logistics centre represents a milestone for VIB Vermögen. The largest development project in our company's history to date underscores our expertise in independently realising commercial properties on attractive terms. This new construction has also allowed us to exceed the level of one million square metres of rentable area within the VIB Group for the first time," comments Ludwig Schlosser, CEO of VIB Vermögen AG.

This latest addition to the portfolio was realised in alignment with the company's strategy of expanding on a controlled basis the proportion of commercial properties that it develops itself, thereby boosting both income and the company's value. VIB Vermögen makes recourse to a strong regional partner network in order to realise such projects that are focused on Southern Germany, a region enjoying strong economic growth.

With the completion of this new logistics hall, VIB Vermögen is expanding its real estate portfolio to 103 properties as of August 2015. A film about our logistics centre can be found on our website under "Property Snapshot".

Data and facts about the logistics centre in the Interpark

Location , , , Kösching (near Ingolstadt) , Land area , , , 95.000 sqm , Usable building space , , , around 55,000 sqm , Rental status , , , 100 % , Rental yield , , , 9.5 % , Completion , , , August 2015 , , , , , Contact

Investor Relations:

VIB Vermögen AG Petra Riechert Luitpoldstr. C70 86633 Neuburg/Donau Tel: + 49 (0)8431 504-952 Fax: + 49 (0)8431 504-973 E-Mail: [e-mail]

cometis AG Ulrich Wiehle / Sven Pauly Unter den Eichen 7 65195 Wiesbaden Tel: [phone] Fax: [phone] E-Mail: [e-mail]

Profile of VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management, and has now been operating successfully for more than 20 years on the property market. The company focuses on properties in the logistics/light industry and retail sectors in the economically strong region of Southern Germany. The shares of VIB Vermögen AG have been listed on the stock exchange Munich (m:access) and Frankfurt (Open Market, XETRA) since 2005.

VIB Vermögen AG business pursues 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 long-term to its own portfolio. VIB also holds investments in companies with real estate assets.



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emitter: VIB Vermögen AG address: Luitpoldstraße C 70, 86633 Neuburg an der Donau country: Germany contact person: Petra Riechert phone: [phone] e-mail: [e-mail] website: www.vib-ag.de

ISIN(s): DE0002457512 (share) stock exchanges: open market (free market) in Frankfurt, free market in Stuttgart, M:Access in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20150831004 ]