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VIB Vermögen AG: VIB Vermögen achieves top figures for sales and earnings

DGAP-News: VIB Vermögen AG / Key word(s): Annual Results
VIB Vermögen AG: VIB Vermögen achieves top figures for sales and earnings
27.04.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Finanical results 2021

VIB Vermögen achieves top figures for sales and earnings

– Sales increase by 10.2 per cent to EUR 103.8 million

– Adjusted EBT increases by 15.6 per cent to EUR 66.7 million

– Dividend proposal at EUR 0.85 per share

– Forecast for 2022 confirmed

Neuburg/Danube, April 27, 2022 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, has confirmed its previously published preliminary figures for fiscal year 2021. At EUR 103.8 million, revenues reached the highest level in the company’s 27-year history despite the once again challenging market environment against the backdrop of the ongoing Corona pandemic.

Rental income rises to over EUR 100 million for the first time
The 10.2 per cent increase in revenues is due to the additional rental income from the properties that were added to the portfolio during the period under review and the properties that did not yet fully contribute to earnings in the same period of the previous year (previous year: EUR 94.2 million). As of the balance sheet date on December 31, 2021, VIB Vermögen AG’s portfolio included 112 commercial properties with a lettable area of just under 1.3 million square meters.

The balance of changes in the value of investment properties increased to EUR 108.2 million (previous year: EUR 22.3 million). Expenses for investment properties decreased to EUR 16.6 million (previous year: EUR 17.4 million). Group personnel expenses increased from 4.2 million to EUR 4.5 million. Other operating expenses increased slightly to EUR 2.1 million (previous year: EUR 1.9 million).

Earnings and equity at record levels
Expenses for financing the portfolio were again reduced due to further optimization of the financing mix and amounted to EUR 13.4 million (previous year: EUR 14.1 million). Earnings before taxes (EBT) adjusted for valuation effects increased by 15.6 per cent to EUR 66.7 million (previous year: EUR 57.7 million). Consolidated net profit increased significantly by 128.5 per cent to EUR 153.7 million. Based on the EUR 27.7 million shares issued, this corresponds to earnings per share of EUR 5.39 (previous year: EUR 2.39).

Equity grew by EUR 136.8 million to EUR 762.0 million as of December 31, 2021 (December 31, 2020: EUR 625.2 million). The equity ratio increased by 440 basis points to 47.4 per cent as of the reporting date 2021 (December 31, 2020: 43.0 per cent).

Value of real estate portfolio increased
112 properties with a balance sheet value of around EUR 1.5 billion belonged to the VIB Group’s portfolio at the end of 2021. The net reinstatement value (NRV), which is decisive for the value of the long-term portfolio, increased to EUR 887.3 million as of December 31, 2021 (December 31, 2020: EUR 727.9 million). Based on the number of shares outstanding, the value increased by 21.3 per cent to EUR 32.02 per share (December 31, 2020: EUR 26.39 per share). Funds from operations (FFO) as an indicator of the company’s operating cash inflows increased by 15.3 per cent from EUR 1.83 to EUR 2.11 per share in the reporting year.

Increase in dividend planned
As a result of the good earnings, the Managing and Supervisory Boards of VIB Vermögen AG are planning to propose to the General Meeting that the dividend for the past fiscal year be increased by EUR 0.10 to EUR 0.85 per share (previous year: EUR 0.75 per share).

“Fiscal 2021 was a very successful year – despite the challenging environment due to the ongoing Corona pandemic. With its solid business model, our company is well equipped to continue growing. Our next lighthouse project “Next Horizon” in Erding will contribute to this development as a further milestone,” said Martin Pfandzelter, CEO of VIB Vermögen AG.

Guidance for 2022 foresees further growth
The Management Board expects to be able to generate sales of between EUR 103 and EUR 109 million in fiscal year 2022. EBT adjusted for valuation effects and special items is expected to increase to between EUR 67 and EUR 71 million. FFO from operations is expected to increase to between EUR 58 million and EUR 62 million in fiscal year 2022. With regard to vacancy development, the Management Board expects this to remain in the low single-digit percentage range (December 31, 2021: 1.2 per cent). Possible negative consequences due to the spread of the Corona virus have been taken into account in this planning based on the experience of the previous year. Additional effects, e.g. due to the war in Ukraine or disruptions to global supply chains, cannot currently be predicted and are therefore not included in this forecast.

The 2021 Annual Report and a current corporate presentation are available for download at www.vib-ag.de.

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 E-Mail: ed.ga-biv@trehceir.artep

 

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the management of commercial real estate portfolios, which has been operating successfully for 25 years. The focus is on properties in 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: On the one hand, VIB acquires properties that have already been let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets.


27.04.2022 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.

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Archive at www.dgap.de


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VIB Vermögen AG: Combined value growth – following the successful completion of the partial tender offer, DIC Group and VIB Vermögen AG have signed a business combination agreement

DGAP-News: VIB Vermögen AG / Key word(s): Miscellaneous
23.03.2022 / 09:05
The issuer is solely responsible for the content of this announcement.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) iN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION.

Press Release

VIB Vermögen AG: Combined value growth – following the successful completion of the partial tender offer, DIC Group and VIB Vermögen AG have signed a business combination agreement

– DIC now majority shareholder of VIB, holding approximately 60%

– Combined growth strategy in the logistics sector

– DIC supports VIB’s dividend proposal for 2021; annual general meeting postponed until the end of August

– Changes to VIB’s corporate bodies – Dirk Oehme appointed as member of the Management Board

– Annual targets of DIC raised due to the full consolidation of VIB

 

Neuburg/Danube, March 23, 2022 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial properties, signed a business combination agreement with DIC Asset AG (“DIC” and, together with its subsidiaries, “DIC Group”) last night, following the successful expiration of DIC’s partial tender offer for shares of VIB. The aim is to pursue the long-term value growth of the DIC Group and VIB as a whole, and to improve their competitive position.

DIC Group already holds 60% of the outstanding VIB shares. A total of approximately 33.7% of the VIB shares have been tendered to DIC as part of the offer, which is more than the 6,500,000 VIB shares included in the partial tender offer. DIC Group intends to accept the offer for a total of 6,590,000 VIB shares (subject to any rounding in the context of the pro-rata acceptance). The completion of the tender offer and the retransfer of any excess VIB shares are expected to be completed by 1 April 2022.

Following the completion of the tender offer, DIC Group will hold approximately 60% of the outstanding VIB shares. Accordingly, DIC intends to fully consolidate VIB as of 1 April 2022.

DIC Group will use its majority stake in VIB to consistently expand its portfolio, particularly in the promising asset class of logistics real estate, and its footprint in southern Germany. The combined real estate assets of DIC Group and VIB amount to more than EUR 13 billion. DIC Group thereby expands its position as a leading office and logistics player in Germany’s commercial real estate market, while strengthening the basis for successful future growth.

Prof. Dr. Gerhard Schmidt, the Chairman of the Supervisory Board of DIC, said after the successful expiration of the partial tender offer to VIB shareholders: “With the majority acquisition of VIB, which will be fully consolidated by DIC going forward, DIC has impressively demonstrated its growth ambitions and significantly expanded its position within the highly attractive asset class of logistics real estate. It marks another important step for DIC Group’s growth strategy.”

Sonja Wärntges, CEO of DIC, commented: “I am pleased to warmly welcome all employees, tenants and all other stakeholders of VIB aboard DIC Group. Together, we will be starting a new chapter in our company’s success story today. DIC aspires to dynamic performance, and we will now take this aspiration to the next level as we pursue ambitious new goals. We have all the prerequisites in place to sustain our growth in the logistics real estate sector, a market rich in opportunity, and to dynamically expand our position as a leading company in Germany’s commercial real estate market. This will benefit our employees as well as our tenants, shareholders and investors. We expect to see an increase in gross rental income and a positive FFO contribution from the consolidation for the current year.”

Neuburg to remain domicile and registered seat of VIB
DIC commends the workforce of VIB for its motivation, creativity, willingness to perform and innovativeness as the very foundation of VIB’s past achievements. DIC seeks to continue and deepen its constructive dialogue with all employees of VIB, and to support VIB’s management board in its efforts to create and maintain an attractive and competitive framework in order to preserve its outstanding employee base. In addition, the size and diversity of DIC will offer VIB employees a significantly widened range of opportunities for their personal career development.

In the business combination agreement, DIC has agreed to retain the registered seat and actual administrative headquarters as well as the principal business address of VIB in Neuburg a. d. Donau. Additional commitments have been agreed with respect to subsidiaries of VIB.

“The talks with DIC were very constructive. We share the belief that the successful business model and the proven growth strategy of VIB should be continued. The same kind of continuity will be pursued for the location of Neuburg and our staff. This will secure the company’s ability to continue the success of recent years under the umbrella of DIC Group. I would like to take the opportunity to thank Martin Pfandzelter and Holger Pilgenröther for their tireless efforts. The company has thrived under their leadership. This is documented not least by the record results announced today. I wish both board members good luck and success for their future endeavours,” said Ludwig Schlosser, Chairman of the Supervisory Board of VIB, and himself a former member of the Management Board between 2000 and 2016, seven years thereof as CEO.

Reconciliation of financial calendars, annual general meeting and dividend
As part of the business combination agreement, it was also decided to align the financial calendars of DIC and VIB, and to immediately intensify the exchange of information and data. The annual general meeting of VIB, originally scheduled for the end of June 2022, is set to be rescheduled for late August 2022, in order to allow enough time for joint preparations and coordination. DIC supports the dividend proposal of EUR 0.85 per VIB share for the fiscal year 2021.

Intended changes to VIB’s Supervisory Board and Management Board
In the business combination agreement, it was also agreed that DIC should be represented on the Supervisory Board of VIB in a manner that adequately reflects its shareholding in VIB. In accordance with VIB’s articles of association, the Supervisory Board will continue to comprise four members. DIC, as majority shareholder of VIB, has proposed that the governing bodies of VIB apply for the court appointment of Sonja Wärntges and Prof. Dr. Gerhard Schmidt to replace the two members of the Supervisory Board of VIB who resigned on 22 March 2022. At the same time, DIC appreciates the willingness of Ludwig Schlosser and Jürgen Wittmann to continue their mandates as part of the Supervisory Board of VIB.

DIC welcomes and supports the appointment of Dirk Oehme as an additional member of the Management Board of VIB. Conversely, DIC as incoming majority shareholder regrets the decision by Martin Pfandzelter and Holger Pilgenröther to resign their mandates on the Management Board of VIB with effect as of 30 June 2022. On the Supervisory Board of VIB, DIC’s representatives will support the measures initiated by Chairman of the Supervisory Board, Ludwig Schlosser, to fill the vacant positions on VIB’s Management Board.

Revision of DIC’s forecast for 2022
Having attained a controlling stake in VIB, and assuming full consolidation of the VIB Group as of 1 April 2022, DIC has re-evaluated the anticipated development of DIC’s performance indicators for the current fiscal year. DIC’s original forecast from 9 February 2022 did not yet reflect any effects from inorganic growth. DIC now expects an increased gross rental income of between EUR 170 and 180 million and a growth in the key control variable Funds from Operations (FFO) after minority interests and before taxes to between EUR 130 and 136 million, in either case for the fiscal year 2022. All other target forecasts remain unchanged: real estate management fees of between EUR 105 and 115 million, an acquisition volume of EUR 1.4 to 1.9 billion, thereof EUR 200 to 300 million from the Commercial Portfolio and EUR 1.2 to 1.6 billion from the Institutional Business, and a sales volume of EUR 300 to 500 million, thereof c. EUR 100 million from the Commercial Portfolio and EUR 200 to 400 million from the Institutional Business.

About VIB Vermögen AG

VIB Vermögen AG is a mid-market real estate holding company whose investments concentrate on commercial real estate in southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was converted into a public limited company in the year 2000. In the years since, the company has developed its core competencies in the areas of buying and administrating properties it owns outright and of acquiring equity interests in companies with real estate assets. VIB Vermögen AG pursues a buy-and-hold strategy. It develops real estate for its own portfolio but also acquires existing properties. The real estate portfolio of the VIB Group includes a variety of logistics real estate and industrial plants, shopping centres and retail parks, as well as business and service centres. With a total lettable area of about 1.3 million sqm, the VIB Group achieves sustainable rental yields.

About DIC Asset AG

DIC Asset AG is Germany’s leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 237 assets with a combined market value of c. EUR 11.5 billion on site, always close to our properties and their occupiers.

The Commercial Portfolio segment represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate steady cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management, and realising gains from sales.

In the Institutional Business segment, we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields.

DIC Asset AG has been SDAX-listed since June 2006.

IR/PR Contact VIB Vermögen AG
Petra Riechert
Head of Investor Relations
Tilly-Park 1
D-86633 Neuburg an der Donau
Phone: +49 (0)8431 90771952
ed.ga-biv@trehceir.artep

IR/PR Contact DIC Asset AG
Peer Schlinkmann
Head of Investor Relations & Corporate Communications
Neue Mainzer Strasse 20
D-60311 Frankfurt am Main
Phone +49 69 94548581492
ed.tessa-cid@ri

 

Disclaimer

This announcement is for information purposes only and neither constitutes an offer to purchase or exchange nor an invitation to sell or to make an offer to exchange securities of VIB. The final terms of the offer as well as further provisions regarding the partial offer have been disclosed in the offer document. Potential investors and holders of securities of VIB are strongly recommended to read the offer document and all other announcements in connection with the partial offer, as they contain or will contain important information. The offer period for the partial tender offer has already expired.

The offer is made exclusively under the laws of the Federal Republic of Germany. The offer is not subject to the legal provisions of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz), because the shares in VIB are only traded on the unregulated market (Freiverkehr). The offer will not be executed according to the provisions of jurisdictions other than those of the Federal Republic of Germany. Thus, no other announcements, registrations, admissions or approvals of the offer outside of the Federal Republic of Germany have been filed, arranged for or granted. Investors and holders of securities in VIB cannot rely on having recourse to provisions for the protection of investors in any jurisdiction other than the Federal Republic of Germany. The offer is not being made directly or indirectly, in any jurisdiction where to do so would constitute a violation of the national laws of such jurisdiction.

DIC expressly reserves the right to, directly or indirectly, acquire additional shares in VIB outside the offer on the stock exchange or outside the stock exchange or to enter into agreements regarding such acquisitions.

To the extent that this document contains forward-looking statements, such statements do not represent facts and are characterized by words such as “would”, “expect”, “believe”, “estimate”, “intend”, “aim”, “assume” or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of DIC and the persons acting in concert with DIC. Forward-looking statements are based on the current forecasts, estimates and predictions made by DIC and the persons acting in concert with it to the best of their knowledge, but may turn out to be inaccurate. Forward-looking statements are subject to risks and uncertainties and are influenced by factors that are typically difficult to predict and may be outside the control of DIC and the persons acting in concert with it. The actual events or developments may differ significantly from the plans, estimates and forecasts expressed or contained in the forward-looking statements. DIC and the persons acting in concert with it assume no obligation to update forward-looking statements with respect to actual developments or events, general conditions, assumptions or other factors.


23.03.2022 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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VIB Vermögen AG: VIB Vermögen AG achieves record results

DGAP-News: VIB Vermögen AG / Key word(s): Preliminary Results
23.03.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Preliminary results 2021

VIB Vermögen AG achieves record results

– Revenues increase by 10.2 percent to EUR 103.8 million

– Adjusted earnings before taxes (EBT) rise by 15.6 percent to EUR 66.7 million

– Group profit grows by 128.5 percent to EUR 153.7 million

– Dividend proposal for thirteenth consecutive increase to EUR 0.85 per share

– Forecast for fiscal year 2022 envisages further growth

Neuburg/Danube, March 23, 2022 – According to preliminary calculations, VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial properties, was able to increase its revenues and earnings considerably in fiscal year 2021. Compared to the same period of the previous year, revenues increased by 10.2 percent from EUR 94.2 million to EUR 103.8 million as a result of additional rental income.

Group earnings reach record level of EUR 153.7 million
Expenses for financing the portfolio decreased to EUR 13.4 million (previous year: EUR 14.1 million) due to the continued favorable financing conditions. Earnings before taxes (EBT) adjusted for valuation effects rose significantly by 15.6 percent to EUR 66.7 million (previous year: EUR 57.7 million). Consolidated net profit more than doubled compared to the same period of the previous year, growing by 128.5 percent to EUR 153.7 million (previous year: EUR 67.3 million). Based on the number of EUR 27.6 million shares, this corresponds to earnings per share of EUR 5.39 (previous year: EUR 2.39).

Further growth in value of real estate portfolio
At the end of the year, the portfolio comprised 112 properties with a balance sheet value of EUR 1.5 billion. The net reinstatement value (NRV), which determines the value of the long-term portfolio, improved by 21.9 percent to EUR 887.3 million. In relation to shares outstanding, this corresponds to a 21.3 percent increase in the value of EUR 32.02 per share.

The positive change in value of investment properties increased significantly to EUR 108.2 million (previous year: EUR 22.3 million). At the same time expenses for investment properties fell to EUR 16.6 million (previous year: EUR 17.4 million) and group personnel expenses increased from EUR 4.2 million to EUR 4.5 million. Other operating expenses increased by 13.7 percent to EUR 2.1 million (previous year: EUR 1.9 million). Furthermore, funds from operations (FFO), as an indicator of the company’s operating cash inflows, increased by 15.3 percent year-on-year from EUR 1.83 to EUR 2.11 per share.

A look at the balance sheet shows how solidly VIB Vermögen is positioned: Equity reached around EUR 762.0 million on December 31, 2021 (December 31, 2020: EUR 625.2 million). The equity ratio on the balance sheet date 2021 was 47.4 percent (December 31, 2020: 43.0 percent).

Thirteenth consecutive dividend increase planned
In order to allow shareholders to participate in the excellent results in fiscal year 2021, the Managing and Supervisory Boards are planning to propose the thirteenth consecutive increase in the dividend to VIB Vermögen AG’s General Meeting. It is to increase by EUR 0.10 year-on-year to EUR 0.85 per share.

“We are very pleased that, despite the more difficult conditions caused by the pandemic, we once again succeeded in further increasing all key figures in the past fiscal year and achieving a record result. We have thus impressively demonstrated that our business model allows us to grow profitably and crisis-resistant on a sustained basis, and that the company is excellently positioned for the future,” commented Holger Pilgenröther, CFO of VIB Vermögen AG.

Forecast 2022 foresees further growth
Revenues are expected to reach between EUR 103 and EUR 109 million in fiscal 2022. Operating EBT adjusted for valuation and special items is expected to increase to between EUR 67 and EUR 71 million. The operating cash flow FFO is expected to increase to between EUR 58 and EUR 62 million in fiscal 2022. Possible negative consequences due to the spread of the Corona virus were taken into account in the planning on the basis of the current state of knowledge.

The Company will publish its final results for 2021 fiscal year together with the Annual Report 2021 on April 27, 2022. A corporate presentation with further details on the preliminary 2021 financial results is available at www.vib-ag.de.

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                E-Mail: ed.ga-biv@trehceir.artep

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the management of commercial real estate portfolios, which has been operating successfully for 25 years. The focus is on properties in 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: On the one hand, VIB acquires properties that have already been let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets.

 


23.03.2022 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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VIB Vermögen AG: Announcement of personal changes in the Management Board as well as conclusion of a Business Combination Agreement with DIC Asset AG

VIB Vermögen AG / Key word(s): Personnel/Statement VIB Vermögen AG: Announcement of personal changes in the Management Board as well as conclusion of a Business Combination Agreement with DIC Asset AG 22-March-2022 / 20:02 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation

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VIB Vermögen AG: VIB Vermögen AG announces first preliminary figures for 2021 fiscal year -rejection of partial acquisition offer from DIC Real Estate Investments GmbH & Co. KGaA

VIB Vermögen AG / Key word(s): Dividend/Preliminary Results VIB Vermögen AG: VIB Vermögen AG announces first preliminary figures for 2021 fiscal year -rejection of partial acquisition offer from DIC Real Estate Investments GmbH & Co. KGaA 23-Feb-2022 / 21:59 CET/CEST Disclosure of an inside information

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VIB Vermögen AG starts marketing the ‘NEXT HORIZON’ development project with around 79,000 sqm of commercial space in Erding

DGAP-News: VIB Vermögen AG / Key word(s): Real Estate
15.02.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Corporate News

VIB Vermögen AG starts marketing the “NEXT HORIZON” development project with around 79,000 sqm of commercial space in Erding

Neuburg/Donau, February 15, 2022 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, was able to obtain the building permit for the highly attractive 215,000 sqm site in Erding last year. The marketing of the space is now being launched exclusively with CBRE.

The property has good access to various motorways, and Munich Airport can be reached in around 15 minutes. The construction of around 79,000 sqm of lettable space is planned on the site. The commercial space is suitable for a wide variety of uses. Two office buildings with a total lettable area of around 15,700 sqm are planned, as well as six construction sites with building areas ranging from 2,100 to 30,300 sqm. NEXT HORIZON will be an area that can be 100% adapted to the individual needs of each user. The properties will be built according to the specifications required to achieve the DGNB Gold sustainability certificate, which VIB has received in the past for several of its self-developed properties. The company will meet the requirements with regard to electric mobility by constructing a multi-storey car park that has a staged concept for the installation of electric charging points.

The NEXT HORIZON project development opens up new construction perspectives and continues the series of highly regarded logistics properties of the leading German project developer VIB Vermögen. These include, for example, the double-decker lighthouse project in Ingolstadt’s Interpark whose usable building space of around 115,000 sqm has been leased long-term to Audi and VW since December 2020. Also implemented as an in-house development with well-known tenants was a distribution center near Augsburg, which will be used by Amazon on a long-term basis.

“The conditions in Erding offer us great opportunities to address a very broad target group. We can offer attractive, modern and sustainability-oriented space for local or national medium-sized companies through to global players from the life science, e-mobility, production, mechanical engineering, biotech or research and development sectors,” explained Martin Pfandzelter, CEO of VIB Vermögen AG.

Detailed information about the project can be found at https://next-horizon.exclusively-by-cbre.com/.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel. : + 49 (0)84319077 -952
Tilly Park 1 Fax: + 49 (0)84319077 -929
86633 Neuburg/Danube E-mail: ed.ga-biv@trehceir.artep

 

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company that specialises in holding commercial properties and has now been operating successfully for two5 years. The focus is on properties in 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: on the one hand, VIB acquires properties that are already let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and to generate rental income from them. In addition, VIB holds interests in companies with real estate assets.


15.02.2022 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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VIB Vermögen AG continues to reject the unsolicited offer from DIC Asset AG

DGAP-News: VIB Vermögen AG / Key word(s): Offer
10.02.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Corporate News

VIB Vermögen AG continues to reject the unsolicited offer from DIC Asset AG

Neuburg/Danube, February 10, 2022 – Yesterday, DIC Asset AG (“DIC”) published its offer document in relation to the unsolicited partial public offer to acquire shares in VIB Vermögen AG (“VIB”) for EUR 51.00 in cash.

With its partial offer that is only attributable to approximately 23.5% of the outstanding share capital of VIB, DIC is aiming to gain control of VIB. The Management Board and Supervisory Board of VIB continue unanimously to recommend its shareholders to reject the offer price of EUR 51.00 per share as it contains no customary premium for control. The offer price does not reflect the growth potential resulting from VIB’s positioning and the persistently positive market trend for logistics properties. VIB has built a unique portfolio of logistics and industrial real estate with a focus on Southern Germany. The company’s focus over many years and the resulting expertise as a project developer for attractive logistics properties have enabled it to grow profitably on a sustained basis. The development pipeline is well filled, which means that a profitable growth of VIB is secured on a stand-alone basis. In the offer document, DIC does not outline any strategic advantage or added valued in a controlling shareholding for VIB, which is also not seen by the Management Board and the Supervisory Board for the shareholders of VIB.

The offer price is at a discount of EUR 2.20 to VIB’s closing share price (XETRA) on February 9, 2022 (EUR 53.20) and represents a premium on the VIB share price of January 28, 2022 (EUR 49.10) of only 3.9%.

The Management Board and Supervisory Board of VIB will not recommend the acceptance of an offer priced at EUR 51.00 per share and will further detail its recommendation not to accept this offer in a separate statement. In the meantime, VIB alerts its shareholders that a withdrawal right for tendered shares is explicitly excluded in the offer document. Shareholders are asked to continue their support of the Management Board and Supervisory Board of VIB and await publication of its statement.

VIB is advised by Rothschild & Co as financial adviser and SZA Schilling, Zutt & Anschütz as legal adviser.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel. : + 49 (0)84319077 -952
Tilly Park 1 Fax: + 49 (0)84319077 -929
86633 Neuburg/Danube E-mail: ed.ga-biv@trehceir.artep

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company that specialises in holding commercial properties and has now been operating successfully for 25 years. The focus is on properties in 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: on the one hand, VIB acquires properties that are already let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and to generate rental income from them. In addition, VIB holds interests in companies with real estate assets.


10.02.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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VIB Vermögen AG sees strong independent positioning in the German logistics market and no advantage from a majority holding by DIC Asset AG

DGAP-News: VIB Vermögen AG / Key word(s): Offer
02.02.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Corporate News

VIB Vermögen AG sees strong independent positioning in the German logistics market and no advantage from a majority holding by DIC Asset AG

Neuburg/Donau, February 2, 2022 – The Management Board and Supervisory Board of VIB Vermögen AG (VIB) have taken note of DIC Asset AG’s (DIC) intention to make a voluntary partial public offer to acquire the majority of shares in VIB Vermögen AG in return for a cash payment of EUR 51.00 per share. This would represent a premium on the VIB share price of January 28, 2022 (EUR 49.10) of only 3.9 %.

According to the opinion of the Management Board and Supervisory Board, this offer in no way reflects the growth potential resulting from VIB’s positioning and the persistently positive market trend for logistics properties. The company’s focus over many years and the resulting expertise as a project developer for attractive logistics properties have enabled it to grow profitably on a sustained basis. The development pipeline is well filled, which means that VIB’s growth is also secured in the future. Therefore there is a good chance of a positive development in the value of the company, which is after all in the interests of the shareholders. For these reasons, the Management Board and Supervisory Board currently see no strategic advantage or added value in a majority holding by DIC.

“The intended takeover bid only insufficiently reflects the strong business growth, the positive market development for logistics properties and the associated medium-term value potential for our company,” says Martin Pfandzelter, CEO of VIB Vermögen AG. “Furthermore, we do not see any additional synergies from a majority holding by DIC,” he adds.

 

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert Tel. : + 49 (0)84319077 -952
Tilly Park 1 Fax: + 49 (0)84319077 -929
86633 Neuburg/Danube E-mail: ed.ga-biv@trehceir.artep

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company that specialises in holding commercial properties and has now been operating successfully for 25 years. The focus is on properties in 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: on the one hand, VIB acquires properties that are already let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and to generate rental income from them. In addition, VIB holds interests in companies with real estate assets.


02.02.2022 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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VIB Vermögen AG: VIB Vermögen AG achieves an expected valuation gain of the real estate portfolio of EUR 100 – 110 million according to first projection

VIB Vermögen AG / Key word(s): Real Estate VIB Vermögen AG: VIB Vermögen AG achieves an expected valuation gain of the real estate portfolio of EUR 100 – 110 million according to first projection 21-Jan-2022 / 14:26 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation

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VIB Vermögen AG: VIB Vermögen acquires property of around 41,000 sqm in Ingolstadt for project development

DGAP-News: VIB Vermögen AG / Key word(s): Real Estate
11.01.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Corporate News

VIB Vermögen acquires property of around 41,000 sqm in Ingolstadt for project development

Neuburg/Danube, January 11, 2022 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, is expanding its property pipeline by around 41,000 sqm with the purchase of a fully developed plot in a prime location in Ingolstadt.

In addition to a plot of land of around 10,000 sqm already in the company’s portfolio, VIB Vermögen was able to acquire a further property with a size of around 41,000 sqm. Under the umbrella of a joint venture, in which VIB Vermögen holds a 74 percent stake, the two plots will be combined and completely redesigned. As a result, lettable space in the order of around 25,000 sqm is expected to be developed on the combined plot. The location is very well suited for any kind of use by the logistic or light industry due to the very good connection to the highway A 9, one of the main traffic arteries in Bavaria.

“The acquisition of land has become one of the great challenges for real estate companies. We are all the more pleased that we have been able to acquire a plot from our existing network that meets our criteria particularly well,” 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 E-mail: ed.ga-biv@trehceir.artep

Profile of the VIB Vermögen AG

VIB Vermögen AG is a medium-sized company that specializes in holding commercial real estate and has been operating successfully for more than 25 years. The focus is on properties in 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: On the one hand, VIB acquires properties that have already been let, and on the other hand, it develops new properties from the ground up in order to incorporate these permanently into its own portfolio and to generate rental income from them. In addition, VIB holds interests in companies with real estate assets.


11.01.2022 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


show this 

Read Full Article