VIB Vermögen AG lets 9,500 sqm on a long-term basis to a leading Japanese manufacturer of mechanical components

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VIB Vermögen AG lets 9,500 sqm on a long-term basis to a leading Japanese manufacturer of mechanical components

Neuburg/Danube, July 20, 2017 – VIB Vermögen AG, a company specialising in the acquisition, development and portfolio management of commercial properties, has concluded a long-term rental agreement with a new tenant at its property in Frankfurt.

Whereas the property on Frankfurt’s Josef-Eicher-Strasse was previously let to a classic logistics firm, VIB has now managed to attract one of the world’s leading suppliers of mechanical components as the new tenant. From August, the new tenant will have an area of around 9,500 square metres at its disposal to set up its central warehouse facility for Germany. The term of the new rental agreement is 10 years.

Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG: “The speedy reletting to an international company once again pays testament to the flexibility and alternative-use options of our properties, not to mention our outstanding network. As a result, we are able to keep our vacancy rate extremely low, which has a direct positive impact on our results.”

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert
Tilly-Park 1
86633 Neuburg/Danube
Tel. +49 (0)8431 9077 952
Fax: +49 (0)8431 9077 973
Email: ed.ga-biv@trehceir.artep

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 20 years. The company 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.