Category: Corporate News

Corporate News

VIB Vermögen starts successfully into fiscal year 2021

– Revenues increase by 5.7 percent to EUR 24.8 million in the first quarter

– Adjusted EBT increases by 8.4 percent to EUR 15.8 million

– Funds from operations increase by 9.8 percent to EUR 14.0 million

– Guidance for the 2021 financial year confirmed

Neuburg/Danube, May 12, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial real estate, can look back on a good first quarter of the year. Between January and March 2021, revenues increased to EUR 24.8 million, up 5.7 percent on the previous year’s figure of EUR 23.4 million. Adjusted EBT improved by 8.4 percent to EUR 15.8 million. The Group result in the first quarter of 2021 increased significantly from EUR 14.6 million to EUR 20.2 million compared to the same period of the previous year. This corresponds to a plus of 38.7 percent.

At the end of the reporting period, VIB Vermögen’s real estate portfolio grew by two buildings to 115 properties with a total lettable area of around 1.3 million square metres. The vacancy rate was reduced from 2.5 percent to 1.4 percent compared to the end of 2020, and is thus at a very low level compared to the industry. The operating cash inflow from letting, the funds from operations (FFO), rose by 9.8 percent to EUR 14.0 million compared to the previous year.
Accordingly, FFO per share rose by 10.9 percent from EUR 0.46 to EUR 0.51.

NAV (net asset value) increased to EUR 684.4 million during the reporting period (31 December 2020: EUR 666.3 million).

“The good start to the 2021 financial year makes us very positive for the rest of the year. With the most recent significant lease extensions and the two property additions in the period under review, we have created the basis for further growth,” explained Holger Pilgenröther, CFO of VIB Vermögen AG.

Based on the results to date and subject to further macroeconomic effects of the Corona crisis, the Managing Board of VIB Vermögen AG confirms the guidance for 2021 as provided in the Annual Report 2020. This forecast provides for a further increase in revenues to between EUR 99 million and EUR 105 million. EBT before valuation effects and special items is expected to reach between EUR 61 million and EUR 65 million. FFO should increase to a level of EUR 54 to 58 million.

The full interim statement for the first quarter of 2021 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, Germany 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 25 years. It 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.

2020 financial results

VIB Vermögen remains successfully on a sustainable growth journey

– Revenue grows by 3.5 per cent to EUR 94.2 million

– Adjusted EBT rises by 3.1 per cent to EUR 57.7 million

– Equity ratio reaches 43.0 per cent

– Dividend set to increase for the twelfth time in a row to EUR 0.75 per share

Neuburg/Danube, April 28, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, confirms its previously published preliminary figures for the 2020 financial year. At EUR 94.2 million, revenue reached its highest level in the company’s 26-year history despite the challenging market environment stemming from the coronavirus pandemic.

Portfolio expands by roughly 125,000 sqm, helping increase rental income
The 3.5 per cent revenue increase is mainly attributable to two factors: the extra rental income from four logistics properties added to the portfolio during the reporting period, and rental income from properties that had not yet fully contributed to income in the preceding period (previous year: EUR 91.0 million). The VIB Vermögen AG portfolio counted 113 commercial properties with a rentable space of just under 1.3 million square metres as at the end of the reporting period on December 31, 2020. The portfolio’s market value is approximately EUR 1.4 billion.

The net changes in value for investment properties came in at EUR 22.3 million above the previous year’s figure. Expenses for investment properties climbed to EUR 17.4 million (previous year: EUR 16.1 million). Personnel expenses at the Group rose from EUR 3.9 million to EUR 4.2 million. Other operating expenses remained stable at EUR 1.8 million (previous year: EUR 1.8 million).

Income and equity at record levels
Expenses for financing the portfolio fell once again due to ongoing optimisation of the financing mix, this time to EUR 14.1 million (previous year: EUR 15.0 million). The adjusted earnings before tax (EBT) climbed by 3.1 per cent to EUR 57.7 million (previous year: EUR 56.0 million). Similarly, consolidated net income also developed positively during 2020. It reached EUR 67.3 million and therefore rose by 2.8 percentage points. (Previous year: EUR 65.4 million). Given the 27.6 million shares issued, it corresponds to earnings per share of EUR 2.39 (previous year: EUR 2.29).

Equity increased by EUR 47.9 million to EUR 625.2 million as at December 31, 2020 (December 31, 2019: EUR 577.3 million). As of the 2020 balance sheet date, the equity ratio stood at a considerable 43.0 per cent (December 31, 2019: 42.5 per cent).

Property portfolio value increases again
The VIB Group’s portfolio included 113 properties with a balance sheet value of roughly EUR 1.4 billion as at the end of 2020. The net asset value (NAV) of the company rose to EUR 666.3 million as of December 31, 2020 (December 31, 2019: EUR 613.0 million). Given the number of outstanding shares, it increased by 8.7 per cent to EUR 24.16 per share (December 31, 2019: EUR 22.23 per share). Funds from operations (FFO), as an indicator of the company’s operating cash inflow, were improved in the year under review, rising by 3.4 per cent from EUR 1.77 per share to EUR 1.83 per share.

Twelfth dividend increase in a row planned
On account of the pleasing results, the Managing and Supervisory Boards of VIB Vermögen AG intend to propose the twelfth dividend increase in a row at the Annual General Meeting. For the year under review, it is planned to pay out a dividend of EUR 0.75 per share, which is EUR 0.05, or 7.1 per cent, higher than in the previous year (previous year: EUR 0.70 per share).

“Despite the adverse conditions created by the Covid-19 pandemic, we successfully achieved our targets during the financial year just ended. This shows that our company has an excellent foundation for sustainable growth with a stable and profitable business model,” says Holger Pilgenröther, Chief Financial Officer of VIB Vermögen AG.
“Thanks to the major projects that entered our portfolio as the year progressed, we have expanded this basis for further, profitable growth in the current financial year. In conjunction with the new projects in our pipeline, we are forecasting increased revenue and earnings for this year, too,” adds Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG.

2021 guidance forecasts further growth
The Management Board is expecting revenue between EUR 99 million and EUR 105 million for the 2021 financial year. After adjusting for valuation effects and extraordinary items, EBT could reach an amount between EUR 61 million and EUR 65 million. FFO (funds from operating activities) is expected to rise to between EUR 54 million and EUR 58 million in the 2021 financial year. As for vacant properties, the Management Board expects that their share of the portfolio will remain a low, single-digit figure (December 31, 2020: 2.5 per cent).
This planning reflects the potential negative impacts caused by the spread of the coronavirus, based on last year’s experience. Any effects beyond these impacts cannot be foreseen currently and are therefore not included in the guidance.

The 2020 Annual Report, as well as an up-to-date corporate presentation, is 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, Germany 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 25 years. It 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.

VIB announces the completion of two logistics properties with a lettable area of around 16,500 m²

Neuburg/Danube, April 20, 2021 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, announces the completion of its project developments in Eslarn and in Interpark near Ingolstadt. Both properties were handed over to the tenants on schedule at the end of March.

The logistics building in Eslarn with a lettable area of around 9,400 m² has been leased for ten years to a company operating in the online retail sector.

With the new logistics building in the Interpark in Kösching, with an area of around 7,100 m² and a ten-year lease too, VIB Vermögen is expanding its presence in one of Bavaria’s largest industrial parks and strengthening its focus on the logistics sector.

“We are very pleased that we were able to conclude ten-year leases for both properties before construction began”, says Martin Pfandzelter, CEO of VIB Vermögen AG, adding: “The high energy standard and the equipment of the properties with a photovoltaic system contribute accordingly to optimising our portfolio in terms of sustainability.”

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, Germany 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 25 years. It 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.

VIB expands property in Schwäbisch Gmünd by 6,100 m² and extends lease for around 16,400 m² in existing building

Neuburg/Danube, April 14, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, 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.

“We are very pleased that we can support our tenant’s expansion plans and growth with an energy-optimized building,” 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, Germany 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 25 years. It 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.

2020 interim results

VIB Vermögen once again increases earnings and proposes
dividend increase

– Revenue increases by 3.5 per cent to EUR 94.2 million

– Adjusted earnings before tax (EBT) rise by 3.1 per cent to EUR 57.7 million

– Dividend proposal set to increase for the twelfth time in a row to EUR 0.75 per share

Neuburg/Danube, March 24, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, closed the 2020 fiscal year with a further increase in earnings according to interim calculations. By virtue of additional rental income, revenue climbed by 3.5 per cent from EUR 91.0 million to EUR 94.2 million.

The annual valuation of the property portfolio, which is carried out by an external surveyor, resulted in total positive changes in value for investment properties of EUR 22.3 million (previous year: EUR 22.3 million). Expenses for investment properties climbed to EUR 17.4 million (previous year: EUR 16.1 million). Personnel expenses at the Group rose from EUR 3.9 million to EUR 4.2 million. Other operating expenses remained stable at EUR 1.8 million (previous year: EUR 1.8 million).

Further increase in earnings
On account of the ongoing favourable financing conditions, expenses for the financing of the portfolio fell to EUR 14.1 million (previous year: EUR 15.0 million). When adjusted for valuation effects, earnings before tax (EBT) climbed by 3.1 per cent to EUR 57.7 million (previous year: EUR 56.0 million). Consolidated net income therefore increased accordingly by 2.8 per cent to EUR 67.3 million in 2020 (previous year: EUR 65.4 million). Given the 27.6 million shares, it also corresponds to earnings per share of EUR 2.39 (previous year: EUR 2.29).

Equity increased by EUR 47.9 million to EUR 625.2 million in the period to December 31, 2020 (31/12/2019: EUR 577.3 million). As of the 2020 balance sheet date, the equity ratio stood at 43.0 per cent (31/12/2019: 42.5 per cent).

Further growth in the value of the property portfolio
As of year end, the portfolio of the VIB Group comprised 113 properties, with a balance sheet value of EUR 1.4 billion. The net asset value (NAV) of the company climbed to EUR 666.3 million as of December 31, 2020 (31/12/2019: EUR 613.0 million). Given the number of outstanding shares, it increased by 8.7 per cent to EUR 24.16 per share (31/12/2019: EUR 22.23 per share). Funds from operations (FFO), as an indicator of the company’s operating cash inflow, improved in the year under review, rising by 3.4 per cent from EUR 1.77 per share to EUR 1.83 per share.

Twelfth dividend increase in a row planned
On account of the strong results, the Managing and Supervisory Boards of VIB Vermögen AG intend to propose the twelfth dividend increase in a row to the Annual General Meeting. For the year under review, it is planned to pay out a dividend of EUR 0.75 per share, which is EUR 0.05, or 7.1 per cent higher than in the previous year (previous year: EUR 0.70 per share).

“We are delighted that we have generated such a positive result despite the challenging economic environment associated with the coronavirus pandemic and that we can once again propose a dividend increase at this year’s Annual General Meeting,” explains Holger Pilgenröther, Chief Financial Officer of VIB Vermögen AG.

“In particular, the successful rental contract renewals for our major logistics properties indicate the effectiveness of our business model, which seeks to generate sustainably profitable results through in-house developments and in-house administration,” adds Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG. “As our site pipeline is healthy and given that the current development projects are progressing according to plan, we also anticipate further increases in earnings this year.”

Continuation of the growth strategy through in-house developments
In conjunction with the ongoing construction projects in the current fiscal year, the major in-house developments completed in the previous year will lead to an increase in rentable area and therefore rising rental incomes.
It is expected that revenue of between EUR 99 million and EUR 105 million will be achieved in the 2021 fiscal year. When adjusted for valuation effects and extraordinary items, EBT is expected to reach a level between EUR 61 million and EUR 65 million. FFO (funds from operating activities) is expected to rise to between EUR 54 million and EUR 58 million in the 2021 fiscal year.
Potential adverse effects due to the spread of coronavirus have been included in the planning at the level of the prior-year effects. It is not currently possible to anticipate effects above and beyond this level, which is why such effects do not form part of the forecast.

The company will publish its final results for the 2020 fiscal year together with the 2020 Annual Report on April 28, 2021. A company presentation with details of the 2020 interim results can be found 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, Germany 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 25 years. It 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.

Corporate News

VIB with successful prolongation of three rental contracts with a total of around 62,000 square meters

Neuburg/Danube, March 19, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial real estate, has extended leases for its properties in Baunatal, Haiming and Regensburg totalling 62,000 square metres.

The lease for the logistics facility in Haiming with a lettable area of around 38,500 square metres was extended by another ten years with the existing tenant, a medium-sized logistics company.

The logistics property in Baunatal with a lettable hall and office area of around 11,400 square metres was let to a logistics company for five and a half years from 1 March 2021.

In Regensburg, the lease of a logistics hall with a lettable area of around 12,250 square metres was also extended by 18 months with the existing tenant.

“We are very pleased that our marketing efforts have been successful despite the difficult environment caused by Corona, and that both contract extensions and new leases have been successfully concluded,” said Martin Pfandzelter, CEO of VIB Vermögen AG.

Contact

Investor relations:

VIB Vermögen AG
Petra Riechert 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

The 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 now. 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 permanently incorporate them into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets.

Corporate News

VIB provides space for new vaccination centre in Ingolstadt

Neuburg/Danube, February 3, 2021 – VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial real estate, is leasing 2,200 square metres in its DonauCityCenter (DCC) property in Ingolstadt to the city for the establishment of a vaccination centre.

Due to its very convenient location in the heart of Ingolstadt, the sufficient parking spaces available and good accessibility by public transport, the city of Ingolstadt asked our company whether it would be possible to use the property as a vaccination centre. The ground-level access also facilitates this use. After a careful examination of the location and the space, the lease was signed last week. Originally, the space was intended for over-planning in the course of a redevelopment, therefore it can be made available for the temporary lease at short notice without interrupting the ongoing planning and approval process.

“It is a fortunate coincidence that the space in the DCC became available and that a second vaccination centre became possible so quickly. The cooperation with VIB was smooth and unbureaucratic,” said a delighted Dr Christian Scharpf, the Lord Mayor of Ingolstadt.

“We are very pleased to be able to support the city of Ingolstadt in dealing with the current challenges due to the Corona pandemic by leasing the suitable property,” said Martin Pfandzelter, CEO of VIB Vermögen AG.

Contact

Investor relations:

VIB Vermögen AG
Petra Riechert 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

The 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 now. 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 permanently incorporate them into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets.

Corporate News

VIB completes largest in-house development in the company’s history with a lettable area of 115,000 square meters in the Interpark near Ingolstadt on schedule

Neuburg/Danube, December 15, 2020 – VIB Vermögen AG, a company specializing in the development, acquisition and maintanence of commercial real estate, completed its largest logistic in-house development so far in the Interpark near Kösching/Ingolstadt as scheduled in November 2020 and handed it over to the second tenant Volkswagen.

The entire property has a total lettable area of around 115,000 square meters on a site area of around 113,000 square meters, which is leased to Audi and VW on a long-term basis. The special feature of this project development is that, for the first time, a two-storey building has been constructed on part of the plot. This is a further statement of the company’s sustainability strategy in the construction sector. The ultramodern halls are located in the Interpark, one of the most important industrial parks in southern Germany in the immediate vicinity of Ingolstadt and in the catchment area of the Munich and Nuremberg metropolitan regions.

“We are very pleased that even under the currently not very easy conditions we have succeeded in completing our largest in-house development on schedule and within budget and handing it over to the tenant on time,” says Martin Pfandzelter, CEO of the VIB Vermögen AG.

“The coordination process with VIB Vermögen AG was smooth and uncomplicated, which is very important for us as a large group. We search for partners and are pleased to have found a reliable developer and lessor in VIB,” emphasises Volker Rügheimer, Head of Group Supply Chain Development at Volkswagen AG.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert 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

The 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 now. 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 permanently incorporate them into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets.

Corporate News

Sustainability reporting: VIB Vermögen AG wins EPRA Awards in the Gold and “most improved” categories

Neuburg/Danube, November 24, 2020 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, was awarded the EPRA-Award in the Gold category.

The EPRA (European Public Real Estate Association), the association of listed real estate companies, presents this sustainability award with the aim of encouraging companies in the real estate sector to be more transparent and open in their sustainability reporting. This year’s evaluation process included reports from 152 EPRA members. With the publication of its first report, our company was able to directly reach the “Gold” category and was also awarded the “most improved” award.

By receiving the gold award, VIB immediately fulfils the highest transparency requirements of EPRA with regard to ecological and social aspects as well as core elements of good corporate governance. The EPRA sustainability award is a further component of VIB’s sustainability strategy, which the Group has consistently pursued for years.

“The topic of sustainability plays a central role in public perception and it is now impossible to imagine companies without it. We want to move into the future together with our stakeholders on this important topic, thus our shareholders, financing and business partners and our tenants. In addition to the award for our sustainability reporting, this year our company has also received the “EPRA BPR Gold Award” for the third year in succession for the exemplary transparency of our financial reporting,” comments Holger Pilgenröther, CFO of VIB Vermögen AG.

You can find out more about sustainability at the VIB Vermögen AG at www.vib-ag.de/en/sustainability

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, Germany 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 25 years. It 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.

Corporate News

VIB Vermögen builds 11,000 square meters logistics hall in Nuremberg

Neuburg/Danube, November 17, 2020 – VIB Vermögen AG, a company specializing in the
development, acquisition and portfolio management of commercial real estate, is expanding its property in Nuremberg, Beuthener Straße by around 11,000 square meters by developing its own logistics hall.

The Grundig Industrial Park, which is very attractive for logistics companies, is located in the centre of Nuremberg, the heart of the Nuremberg metropolitan region. When it was originally acquired in 2012, the site had a rentable area of around 85,000 square meters. Following various extensions and the completion of the new hall, the total lettable area on the site will be almost 100,000 square meters. For the additional usable space of around 11,000 square meters, a long-term rental agreement has already been concluded with a tenant from the logistics sector with a good credit rating. The property will be handed over to the tenant at the end of this year.

‘We are very pleased that this project development allows us to strengthen our presence in this attractive location in the Nuremberg metropolitan region, and that the completion of this project will allow us to further expand our logistics portfolio,’ commented 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, Germany 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 25 years. It 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.