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DGAP-News: VIB Vermögen AG
/ Key word(s): Real Estate
Corporate News Neuburg/Danube, November 17, 2021 - VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, has concluded rental agreements for a total of 16,000 sqm in properties in Ingolstadt, Nuremberg and Regensburg. In the Donau City Center in Ingolstadt, 2,200 sqm of retail space have been leased on a long-term basis to two tenants with strong credit ratings. Until the end of 2021 the site will be used as a vaccination center. In Nuremberg, an existing space of around 3,500 sqm was leased to a renowned fitness chain for a term of 10 years. This space will be used by the current tenant until the end of the year and then converted for the new purpose. For a logistics property in Regensburg with an area of 10,250 sqm, a lease agreement was concluded with a regional logistics company for a term of 10 years. "We are delighted that we have been able to seamlessly follow up leases for space that has become available in both the retail and logistics sectors," said Martin Pfandzelter, CEO of VIB Vermögen AG. "In this regard, we can both draw on our existing tenants and acquire new tenants as business partners." Contact VIB Vermögen AG About VIB Vermögen AG 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.
17.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | VIB Vermögen AG |
| Tilly-Park 1 | |
| 86633 Neuburg/Donau | |
| Germany | |
| Phone: | +49 (0)8431 / 9077 952 |
| Fax: | +49 (0)8431 / 9077 973 |
| E-mail: | petra.riechert@vib-ag.de |
| Internet: | www.vib-ag.de |
| ISIN: | DE000A2YPDD0 |
| WKN: | A2YPDD |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1249350 |
| End of News | DGAP News Service |
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1249350 17.11.2021
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