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

04/14/2021 | 01:32am EST
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. 
=---------------------------------------------------------------------------------------------------------------------- 
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. 
 
=---------------------------------------------------------------------------------------------------------------------- 
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 
=---------------------------------------------------------------------------------------------------------------------- 
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 
=------------ 

1184199 2021-04-14

(END) Dow Jones Newswires

April 14, 2021 01:31 ET (05:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.86% 34483.72 Delayed Quote.14.80%
VIB VERMÖGEN AG -0.12% 42 Delayed Quote.46.77%
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