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VIB expands property in Schwäbisch Gmünd by 6,100 m² and extends lease for around 16,400 m² in existing building

·3-min read

DGAP-News: VIB Vermögen AG / Key word(s): Real Estate
14.04.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

VIB expands property in Schwäbisch Gmünd by 6,100 m² and extends lease for around 16,400 m² in existing building

Neuburg/Danube, April 14, 2021 - VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, expands its property in Schwäbisch Gmünd by around 6,100 m² and at the same time extends the lease for the existing property with a rental area of around 16,400 m² for seven years.

The property is located in a heavily frequented commercial area in Schwäbisch Gmünd. Due to the tenant's increased demand for space, an expansion of the logistics facility is necessary. This can be implemented due to a new plot of land adjacent to the existing property. As a result, the lettable area of the entire property will increase to around 22,500 m². This can be implemented through a new building on the directly adjacent property. The total lettable area will hereby increase to around 22,500 m². The lease for the entire property has a term of seven years from completion, which is planned for the first half of 2022. Half of the roof of the extension building will be greened, and a photovoltaic system will be installed on the other half.

"We are very pleased that we can support our tenant's expansion plans and growth with an energy-optimized building," said Martin Pfandzelter, CEO 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, Germany 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 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.

 


14.04.2021 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

Language:

English

Company:

VIB Vermögen AG

Tilly-Park 1

86633 Neuburg/Donau

Germany

Phone:

+49 (0)8431 / 9077 952

Fax:

+49 (0)8431 / 9077 973

E-mail:

petra.riechert@vib-ag.de

Internet:

www.vib-ag.de

ISIN:

DE0002457512

WKN:

245751

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange

EQS News ID:

1184199


 

End of News

DGAP News Service

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