DGAP-News: VIB Vermögen AG / Key word(s): Real Estate
VIB expands property in Schwäbisch Gmünd by 6,100 m² and extends lease for around 16,400 m² in existing building
2021-04-14 / 07:30
The issuer is solely responsible for the content of this announcement.
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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
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.
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2021-04-14 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
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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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(END) Dow Jones Newswires
April 14, 2021 01:31 ET (05:31 GMT)
