Corporate | 2 September 2011 07:29
VIB Vermögen AG / Key word(s): Real Estate/Contract
02.09.2011 / 07:29
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- 17,600 m² property in Wackersdorf rented on long-term basis
- VIB Vermögen AG becomes member of European Public Real Estate Association
(EPRA)
Neuburg/Donau, September 2, 2011. VIB Vermögen AG, South Germany's leading
listed real estate company for commercial property, has won BMW AG as an
attractive tenant for its logistics property in Wackersdorf in the Upper
Palatinate, Bavaria, Germany. The approximately 17,600 m² property,
including car parking spaces, was rented in its entirety to the German
automotive manufacturer as soon as the previous rental agreement expired on
August 1, 2011. The rental agreement runs until December 31, 2015, and
contains options for it to be extended on either of two occasions for a
period of four years in each case. 'We regard our intensified cooperation
with BMW as a confirmation of the quality and attractiveness of our real
estate portfolio', was how Ludwig Schlosser, the CEO of VIB Vermögen AG,
expressed his satisfaction with the successful conclusion of the agreement.
Along with this co-operation with a globally active automotive
manufacturer, the further orientation of the company's network at
international level is also reflected in VIB Vermögen AG's entry into the
European Public Real Estate Association (EPRA). EPRA membership should also
enhance the company's visibility as a leading real estate company abroad,
and provide a further boost to the internationality of its investor
relations work. The European Public Real Estate Association (EPRA) is a
not-for-profit association and representative organisation for over 200
leading European real estate companies, real estate investors and real
estate consultancies that administer total property assets of more than EUR
250 billion. Among other objectives, EPRA aims to deploy targeted measures
to promote investors' propensity to invest in listed European real estate
companies.
Contact
Investor Relations:
VIB Vermögen AG
Petra Riechert
Luitpoldstr. C70
86633 Neuburg/Donau
Tel: +49 (0)8431 504-952
Fax: +49 (0)8431 504-973
E-Mail: petra.riechert@vib-ag.de
cometis AG
Ulrich Wiehle
Unter den Eichen 7
65195 Wiesbaden
Tel: +49 (0)611 205855-11
Fax: +49 (0)611 205855-66
E-Mail: wiehle@cometis.de
Profile of VIB Vermögen AG (including BBI Immobilien AG)
VIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized real
estate holding company, whose investments focus on commercial properties in
Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was
transformed to become an Aktiengesellschaft (German public limited company)
in 2000. Since then, the company has developed core competences in the
acquisition and management of its own properties and participating
interests in companies with real estate portfolios.
The VIB Group pursues a develop-or-buy-and-hold strategy. It both develops
properties for its own portfolio and also acquires existing properties. The
VIB Group's real estate portfolio includes various logistics properties and
industrial facilities, shopping and specialist retail centers as well as
commercial and service centers.
End of Corporate News
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Language: English
Company: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Germany
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: petra.riechert@vib-ag.de
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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