VIB Vermögen AG 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.