VIB Vermögen AG / DE000A2YPDD0
28.06.2024 - 07:00:21VIB Vermögen AG continues diversification strategy as announced
| VIB Vermögen AG / Key word(s): Real Estate 28.06.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. 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: anja.landes-schell@vib-ag.de 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 28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | VIB Vermögen AG |
| Tilly-Park 1 | |
| 86633 Neuburg/Donau | |
| Germany | |
| Phone: | +49 (0)8431 / 9077 961 |
| Fax: | +49 (0)8431 / 9077 1961 |
| E-mail: | anja.landes-schell@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: | 1935151 |
| End of News | EQS News Service |
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