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VIB Vermögen AG: VIB with successful follow-up leasing in three properties from the retail and logistics sectors

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DGAP-News: VIB Vermögen AG / Key word(s): Real Estate
17.11.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

Corporate News

VIB with successful follow-up leasing in three properties from the retail and logistics sectors

Neuburg/Danube, November 17, 2021 - VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, has concluded rental agreements for a total of 16,000 sqm in properties in Ingolstadt, Nuremberg and Regensburg.

In the Donau City Center in Ingolstadt, 2,200 sqm of retail space have been leased on a long-term basis to two tenants with strong credit ratings. Until the end of 2021 the site will be used as a vaccination center.

In Nuremberg, an existing space of around 3,500 sqm was leased to a renowned fitness chain for a term of 10 years. This space will be used by the current tenant until the end of the year and then converted for the new purpose.

For a logistics property in Regensburg with an area of 10,250 sqm, a lease agreement was concluded with a regional logistics company for a term of 10 years.

"We are delighted that we have been able to seamlessly follow up leases for space that has become available in both the retail and logistics sectors," said Martin Pfandzelter, CEO of VIB Vermögen AG. "In this regard, we can both draw on our existing tenants and acquire new tenants as business partners."

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 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.


17.11.2021 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:

DE000A2YPDD0

WKN:

A2YPDD

Listed:

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

EQS News ID:

1249350


 

End of News

DGAP News Service

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