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VIB Vermögen AG acquires two office properties and further expands its portfolio mix 

Neuburg/Danube, 07. November 2024: VIB Vermögen AG (“VIB”), a company specializing in the development, acquisition and management of commercial real estate, today announces the acquisition of two office properties in Mannheim and Offenbach from the commercial portfolio of Branicks Group AG. The properties were acquired as part of a share deal. The closing took place at the end of September.

“With the acquisition of the two fully let office properties in Mannheim and Offenbach, VIB is continuing to broaden its regional base and its growth course in the office asset class. This is a further consistent step in our strategy towards a balanced asset class mix of office, logistics and light industrial,” commented Dirk Oehme, CEO of VIB Vermögen AG.

The properties in question are a multi-tenant property in Mannheim, Käfertalerstrasse 258, and the Stadthaus Offenbach, Berliner Strasse 60, with the City of Offenbach as the sole tenant. The total rental space of both properties is 27,838 m2 with a total annual rent of around EUR 3.8 million. 

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and management of modern and sustainably profitable commercial real estate, which has been operating successfully on the market for more than 30 years. The focus is on real estate in the logistics, light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

In addition to direct acquisitions, VIB’s broad-based business model also includes the complete spectrum of in-house developments and redensification as part of a 360-degree approach: On the one hand, VIB Vermögen AG acquires properties that are already let, and on the other hand it develops new properties from scratch in order to incorporate them into its own portfolio on a permanent basis and generate rental income from them. At the same time, sales are part of the overall strategy. In addition, VIB offers comprehensive real estate management services and solutions for institutional investors and holds interests in companies with real estate assets.

More information at www.vib-ag.de

Kontakt VIB-Vermögen AG

Investor Relations:

Tilly-Park 1

86633 Neuburg/Danube

Tel.: + 49 (0)8431 9077-961

Fax: + 49 (0)8431 9077-1961

ed.ga-biv@ri

VIB Vermögen AG sells four logistics properties in Bavaria and Hesse

• Successful realization of value in a brightening transaction market
• Further step towards a balanced asset class mix as a commercial real estate portfolio holder

Neuburg/Danube, 31. October 2024: VIB Vermögen AG (“VIB”), a company specializing in the development, acquisition and management of commercial real estate, today announces the sale of a package of four logistics properties from its portfolio to global real estate investment manager EQT Exeter. The notarization took place at the end of October 2024 and the closing is planned by the end of 2024. The parties have agreed not to disclose the purchase price.

The sale is the next step in VIB’s diversification strategy with the aim of positioning the company as a balanced portfolio holder of commercial real estate with a focus on logistics and offices in Germany and neighboring countries. At the same time, the sale demonstrates the successful implementation of VIB’s value-oriented strategy and is further evidence of the brightening of the transaction market.

The properties sold are logistics properties from VIB’s Commercial Portfolio with a total rental area of 94,607 m² and a total annual rent of EUR 6.7 million. Two of the properties are located in Erlangen, the other two in Unterschleißheim and Frankfurt am Main.

“The sale of the four logistics properties underlines our ability to successfully realize value in a transaction market that is gradually brightening up again. With this step, we are further improving our asset class mix as announced,” commented Dirk Oehme, Speaker of the Managing Board of VIB Vermögen AG.

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and management of modern and sustainably profitable commercial real estate, which has been operating successfully on the market for more than 30 years. The focus is on real estate in the logistics, light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

In addition to direct acquisitions, VIB’s broad-based business model also includes the complete spectrum of in-house developments and redensification as part of a 360-degree approach: On the one hand, VIB Vermögen AG acquires properties that are already let, and on the other hand it develops new properties from scratch in order to incorporate them into its own portfolio on a permanent basis and generate rental income from them. At the same time, sales are part of the overall strategy. In addition, VIB offers comprehensive real estate management services and solutions for institutional investors and holds interests in companies with real estate assets.

More information at www.vib-ag.de

Kontakt VIB-Vermögen AG

Investor Relations:

Tilly-Park 1

86633 Neuburg/Danube

Tel.: + 49 (0)8431 9077-961

Fax: + 49 (0)8431 9077-1961

ed.ga-biv@llehcs-sednal.ajna

VIB Vermögen AG: Merger of BBI Bürgerliches Brauhaus Immobilien AG into VIB Vermögen AG successfully completed

• Merger of BBI Bürgerliches Brauhaus Immobilien AG into VIB Vermögen AG became effective on October 7, 2024
• All of BBI’s assets have been transferred to VIB
• Shares held by minority shareholders of BBI were transferred to VIB in return for appropriate cash compensation

Neuburg/Donau, October 29, 2024. VIB Vermögen AG (“VIB“) has successfully completed the merger with BBI Bürgerliches Brauhaus Immobilien AG (“BBI“). The resolution to merge was passed by the Annual General Meeting of BBI on August 13, 2024. The Annual General Meeting of VIB approved the merger on August 14, 2024. With the final entry of the transaction in the commercial register of VIB on October 7, 2024, it has now become effective.

Dirk Oehme, CEO of VIB, comments: “The completed merger significantly optimizes our group structure and generates cost synergies. It is therefore a further milestone in the implementation of our corporate strategy with the aim of further expanding VIB’s leading position as an expert in logistics and office real estate.”

The assets of BBI were transferred in their entirety to VIB as part of the completed merger. The shares of the minority shareholders of BBI were transferred to VIB in return for appropriate cash compensation. Prior to the merger, VIB already held 94.88% of BBI’s share capital and was therefore the majority shareholder of BBI.

Contact us

VIB Vermögen AG

Investor Relations:

Tilly Park 1

86633 Neuburg/Danau

Phone: + 49 (0)8431 9077-961

Fax: + 49 (0)8431 9077-1961

E-mail: ed.ga-biv@llehcs-sednal.ajna

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and management of modern and sustainably profitable commercial real estate, which has been operating successfully on the market for more than 30 years. The focus is on real estate in the logistics, light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

In addition to direct acquisitions, VIB’s broad-based business model also includes the complete spectrum of in-house developments and redensification as part of a 360-degree approach: On the one hand, VIB Vermögen AG acquires properties that are already let, and on the other hand it develops new properties from scratch in order to incorporate them into its own portfolio on a permanent basis and generate rental income from them. At the same time, sales are part of the overall strategy. In addition, VIB offers comprehensive real estate management services and solutions for institutional investors and holds interests in companies with real estate assets.

More information at www.vib-ag.de

VIB Vermögen AG looks back on a strong first half of 2024 – numerous transactions in the year to date

• Funds from operations increase by 7% to EUR 40 million
• Gross rental income down on previous year at EUR 41.1 million due to asset sales, as expected
• Vacancy rate of 2.7 % as proof of high real estate quality
• Numerous transaction activities consistently drive forward diversification strategy
• Raised forecast for 2024 confirmed: Gross rental income of EUR 85-89 million and funds from operations of EUR 74-78 million expected

Neuburg/Danube, 27 August 2024: VIB Vermögen AG (“VIB“), a company specializing in the development, acquisition and management of commercial real estate, had a successful first half of 2024 despite a persistently difficult market environment. The company has consistently pursued its diversification strategy and realized numerous transactions in the year to date to secure future profitable growth. In particular, the office asset class was strengthened as a second and diversifying source of income.

Key figures on track to achieve annual targets

Funds from operations (FFO) before taxes and minority interests increased by 7% year-on-year to EUR 40 million in the first half of the year (previous year: EUR 37.3 million), which corresponds to FFO per share of EUR 1.21 (previous year: EUR 1.13). Consolidated net income reached a value of EUR 22.6 million (previous year: EUR 63.4 million). The previous year’s figure included a gain of EUR 51.0 million from the sale of investment properties as a special effect.

As expected, gross rental income reduced to EUR 41.1 million (previous year: EUR 46.4 million) due to the real estate transactions carried out in 2023. However, this decline has already been partially offset by the acquisitions made to date. These will have an increasingly positive impact in the second half of the year.

High quality of the real estate portfolio with persistently low vacancy rate

At the end of the first half of the year, the real estate portfolio within VIB Group comprised 156 properties with a total usable space of 2.25 million m². Of these, 82 properties are part of VIB’s own portfolio. The remaining properties belong to the Institutional Business segment, which was newly established in 2022.

The vacancy rate was 2.7% as of 30 June 2024 and thus remained at a very low level compared to the industry as a whole (31 December 2023: 2.1%). In view of the challenging economic conditions, this figure confirms the high quality of the real estate portfolio and VIB’s proven strategy of managing it with its own employees.

The acquisitions made in the office asset class are also reflected in a more diversified portfolio structure. In terms of net basic rents, properties in the logistics & light Industrial asset class account for 78% of the proprietary portfolio and office properties for 18%. The remainder is divided between retail properties (3%) and commercial buildings or other properties (1%). The portfolio in the Institutional Business segment consists of 77% logistics & light industrial properties and 23% retail properties.

Despite the real estate transactions carried out, VIB continues to have a very solid financing structure. At 37.0% at the end of June 2024, the key debt ratio LTV (loan-to-value ratio) remains well below the level of previous years.

Forecast for financial year 2024 recently adjusted upwards – Numerous transactions have shaped the year to date

VIB carried out a large number of real estate transactions over the course of the year. In addition to property sales at attractive conditions, properties were also acquired that are mainly attributable to the office asset class. To date, the acquisitions have secured annualized rental income of around EUR 37 million.

Dirk Oehme, Speaker of the Board of VIB, comments: “We can look back on a successful and dynamic first half of the year. We have consistently driven forward the diversification of our portfolio by acquiring valuable commercial properties, primarily in the office asset class. We were also able to realize increases in value through successful sales. We have thus asserted ourselves as a recognized and successful market player in a challenging environment and further expanded our leading position as an expert in logistics and office properties.”

In the half-year report presented, the Management Board confirms the forecast for the year as a whole, which was adjusted upwards on August 7, 2024 due to the real estate transactions. It expects gross rental income of EUR 85-89 million (previously: EUR 72-78 million), FFO of EUR 74-78 million (previously: EUR 62-68 million) and a vacancy rate still in the low single-digit percentage range.

The half-year report 2024 is available for download at https://vib-ag.de/

Contact us

VIB Vermögen AG

Investor Relations:

Tilly Park 1

86633 Neuburg/Danube

Phone: + 49 (0)8431 9077-961

Fax: + 49 (0)8431 9077-1961

E-mail: ed.ga-biv@llehcs-sednal.ajna

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and management of modern and sustainably profitable commercial real estate, which has been operating successfully on the market for more than 30 years. The focus is on real estate in the logistics, light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

In addition to direct acquisitions, VIB’s broad-based business model also includes the complete spectrum of in-house developments and redensification as part of a 360-degree approach: On the one hand, VIB Vermögen AG acquires properties that are already let, and on the other hand it develops new properties from scratch in order to incorporate them into its own portfolio on a permanent basis and generate rental income from them. At the same time, sales are part of the overall strategy. In addition, VIB offers comprehensive real estate management services and solutions for institutional investors and holds interests in companies with real estate assets.

More information at www.vib-ag.de

VIB Vermögen AG: Annual General Meeting approves all items on the agenda

• Executive Board and Supervisory Board discharged for the 2023 financial year
• Stefan Mattern elected as new member of the Supervisory Board
• Approval of the merger agreement between BBI Bürgerliches Brauhaus Immobilien Aktiengesellschaft as the transferring legal entity and VIB Vermögen AG
• Dividend of EUR 0.04 per share resolved

Neuburg/Donau, August 15, 2024. The Annual General Meeting of VIB Vermögen AG (“VIB”), which took place virtually yesterday, approved all resolutions proposed by the Supervisory Board and the Managing Board with large majorities. A total of more than 87% of VIB’s voting share capital was represented.

The members of the Management Board, Dirk Oehme (Spokesman of the Management Board) and Nicolai Greiner, as well as the members of the Supervisory Board were approved for the 2023 financial year with high approval rates. The Annual General Meeting also elected Mr. Stefan Mattern as a new member of the Supervisory Board. He succeeds Mr. Jürgen Wittmann, who resigned from the Supervisory Board with effect as of the end of March 31, 2024. The Annual General Meeting also resolved to pay a dividend of EUR 0.04 per share.

In addition, the Annual General Meeting of VIB approved the merger agreement dated June 27, 2024, between BBI Bürgerliches Brauhaus Immobilien Aktiengesellschaft (“BBI”) as the transferring legal entity and VIB as the acquiring legal entity. When the merger takes effect, the assets of BBI will be transferred in their entirety to VIB. The merger will result in a simplified group structure, which will also facilitate the implementation of a uniform corporate strategy and generate cost synergies. The merger will also lead to increased flexibility and legal certainty. The elimination of BBI’s stock exchange listing will also save operating costs.

The appointment of a special auditor requested by two shareholders was also rejected by a large majority.

Dirk Oehme, CEO of VIB, comments: “We are delighted that so many of our shareholders took part in yesterday’s Annual General Meeting and contributed to an active debate. The voting results are a strong vote of confidence for us and we are working continuously to further expand VIB’s leading position as an expert in logistics and office real estate.”

The Annual General Meeting also approved all other items on the agenda with large majorities. The detailed voting results of the Annual General Meeting and other documents are published at https://vib-ag.de/investor-relations/?lang=en#annual_general_meeting.

Contact

VIB Vermögen AG

Investor Relations:

Tilly-Park 1

86633 Neuburg/Donau

Tel.: + 49 (0)8431 9077-961

Fax: + 49 (0)8431 9077-1961

E-Mail: ed.ga-biv@llehcs-sednal.ajna

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and management of modern and sustainably profitable commercial real estate, which has been operating successfully on the market for more than 30 years. The focus is on real estate in the logistics, light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

In addition to direct acquisitions, VIB’s broad-based business model also includes the complete spectrum of in-house developments and redensification as part of a 360-degree approach: On the one hand, VIB Vermögen AG acquires properties that are already let, and on the other hand it develops new properties from scratch in order to incorporate them into its own portfolio on a permanent basis and generate rental income from them. At the same time, sales are part of the overall strategy. In addition, VIB offers comprehensive real estate management services and solutions for institutional investors and holds interests in companies with real estate assets.

More information at www.vib-ag.de

VIB Vermögen AG realizes value

• 12 logistics properties in NRW, Saxony and southern Germany sold to P3 Logistic Parks
• Clear evidence that the transaction market is picking up again
• Consistent step for strategic further development of diversified portfolio as commercial real estate portfolio holder
• Realization of value appreciation successfully implemented

Neuburg/Donau, July 1, 2024. VIB Vermögen AG (“VIB”), a company specializing in the development, acquisition and management of commercial real estate, today announces the sale of a package of 12 logistics properties from its portfolio to P3 Logistic Parks. Closing is planned in stages over the coming weeks. The parties have agreed not to disclose the purchase price.

The sale is a further step in the diversification strategy and realignment of VIB’s portfolio with the aim of positioning it as a balanced portfolio holder of commercial properties with a focus on logistics and offices in Germany and neighbouring countries. The sale demonstrates the successful implementation of the 360-degree strategy and realizes the increase in value of the properties.

The properties are warehouse/logistics properties from VIB’s Commercial Portfolio, with a fully let total rental area of around 260,000 sqm in Bavaria and Baden-Württemberg, as well as one property each in North Rhine-Westphalia and Saxony.

“The package deal is a perfect contribution to the strategic development of VIB. It underlines our ambition to regularly improve our portfolio and to realize value appreciation in due course. This transaction demonstrates this impressively,” commented Dirk Oehme, Speaker of the Managing Board of VIB Vermögen AG.

Contact

VIB Vermögen AG
Investor Relations:
Tilly-Park 1
86633 Neuburg/Donau
Tel.: + 49 (0)8431 9077-961
Fax: + 49 (0)8431 9077-1961
E-Mail: ed.ga-biv@llehcs-sednal.ajna

About VIB Vermögen AG
VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and management of modern and sustainably profitable commercial real estate, which has been operating successfully on the market for more than 30 years. The focus is on real estate in the logistics, light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

In addition to direct acquisitions, VIB’s broad-based business model also includes the complete spectrum of in-house developments and redensification as part of a 360-degree approach: On the one hand, VIB Vermögen AG acquires properties that are already let, and on the other hand it develops new properties from scratch in order to incorporate them into its own portfolio on a permanent basis and generate rental income from them. At the same time, sales are part of the overall strategy. In addition, VIB offers comprehensive real estate management services and solutions for institutional investors and holds interests in companies with real estate assets.

More information at www.vib-ag.de

VIB Vermögen AG continues diversification strategy as announced

• Expansion of the asset base to include further office properties
• Three properties in Mannheim, Frankfurt and Düsseldorf acquired from Branicks

Neuburg/Danube, June 28, 2024: VIB Vermögen AG (“VIB”), a company specializing in the development, acquisition and management of commercial real estate, has acquired three further properties in the office asset class, thereby continuing its strategy of diversifying its asset base. Properties in Mannheim, Frankfurt and Düsseldorf with a total area of 38,280 square meters were acquired from Branicks Group AG (“Branicks”) for a price of EUR 125.8 million.

VIB’s strategic goal is to create a balanced asset base of high-quality commercial properties in the logistics and office sectors in Germany and neighbouring countries.

“As already announced, VIB is pursuing a clear strategy of further diversifying the logistics and office asset classes. The acquisition of three office properties serves this objective, as does the associated regional expansion into western Germany,” comments Dirk Oehme, CEO of VIB Vermögen AG.

Contact

VIB Vermögen AG
Investor Relations:
Tilly-Park 1
86633 Neuburg/Donau
Tel.: + 49 (0)8431 9077-961
Fax: + 49 (0)8431 9077-1961
E-Mail: ed.ga-biv@llehcs-sednal.ajna

About VIB Vermögen AG
VIB Vermögen AG is a medium-sized company specializing in the development, acquisition and management of modern and sustainably profitable commercial real estate, which has been operating successfully on the market for more than 30 years. The focus is on real estate in the logistics, light industrial and office asset classes. VIB shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005.

In addition to direct acquisitions, VIB’s broad-based business model also includes the complete spectrum of in-house developments and redensification as part of a 360-degree approach: On the one hand, VIB Vermögen AG acquires properties that are already let, and on the other hand it develops new properties from scratch in order to incorporate them into its own portfolio on a permanent basis and generate rental income from them. At the same time, sales are part of the overall strategy. In addition, VIB offers comprehensive real estate management services and solutions for institutional investors and holds interests in companies with real estate assets.

More information at www.vib-ag.de