Author: Noel Schmitt

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.

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.

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.

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.

Corporate News

Joint Venture VIB/WDP rents out 46.000 sqm in Gelsenkirchen

Neuburg/Donau, December 16, 2021 – WVI, the joint venture of VIB Vermögen AG and WDP, a Belgian logistics real estate company, has fully rented out its own development on the site in Gelsenkirchen on a long-term basis.

The property, which is still partly under development, will be used by two internationally established companies to house their logistics centres. Construction of the approximately 46,000 sqm state-of-the-art facility began in early 2021 and is WVI’s first construction project following the acquisition of the Bottrop multi-tenant site in autumn 2020.

The first construction phase with an area of 20,000 sqm was completed on December 1, 2021 and has already been handed over to the tenant, a global logistics company. The second construction phase is currently under development and is scheduled for completion by mid-2022. The company has also signed a lease with a German wholesaler and distributor of high-quality cat and dog snacks for this property, which has 26,000 sqm of lettable space, prior to completion.

Professional expansion ready for growth
WVI’s future ambitions will be supported by the hiring of a dedicated Business Development Manager, who will be responsible for the development and growth of the Joint Venture. The Business Development Manager will operate from a newly installed WVI office based in North Rhine-Westphalia.

“We are very pleased with the pre-letting of the joint venture’s first project development, which underlines the importance of North Rhine-Westphalia as a leading logistics location.”

Martin Pfandzelter – CEO, VIB Vermögen AG

“In addition to the acquisition in Bottrop, WVI can now expand its real estate portfolio with a brand new, fully pre-let logistics location. We are convinced of the prospering dynamics on the German logistics real estate market and look forward to serving additional clients in the future.”

Joost Uwents – CEO, WDP

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.