DGAP-News

VIB Vermögen AG: Acquisition of logistics facility in Bottrop (North Rhine-Westphalia) - Gelsenkirchen plot ready for development - Seite 2

Gelsenkirchen is located in the heart of Germany's North Rhine-Westphalia. With direct connection to various federal motorways, the region of Gelsenkirchen has an excellent infrastructure with supra-regional and European significance and is a convenient location in the middle of the Ruhr area, supported by several airports within proximity. The public canal port has a trimodal connection (rail, road, water) and is the port with the highest turnover on the Rhine-Herne Canal.
 

"We are very pleased that in our joint venture, we are now able to realize the first acquisition of an existing building and that we will thus immediately generate rental income within our first business year. The Ruhr region in North Rhine-Westphalia has been a leading logistics location for many years, and the property in Bottrop corresponds exactly to our investment focus."

Martin Pfandzelter - CEO, VIB Vermögen
 

"Next to the strategic development site at Gelsenkirchen, our joint venture can now add an existing warehouse site - fully let - to its property portfolio, emphasizing its ambition for geographical expansion and a broader coverage and service to its customers."

Joost Uwents - CEO, WDP

 

More information

VIB Vermögen
Tilly-Park 1
86633 Neuburg/Danube Germany
www.vib-ag.de

Petra Riechert
Investor Relations
T [phone]
[e-mail]
 

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for more than 25 years. It 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.