VIB Vermögen AG / DE000A2YPDD0

VIB Vermögen AG acquires two office properties and further expands its portfolio mix  Neuburg/Danube, 07. November 2024: VIB Vermögen AG (“VIB”), a company specializing in the development, acquisition and management of commercial real estate, today announces the acquisition of two office properties in Mannheim and Offenbach from the commercial portfolio of Branicks Group AG. The properties were acquired as part of a share deal. The closing took place at the end of September. “With the acquisition of the two fully let office properties in Mannheim and Offenbach, VIB is continuing to broaden its regional base and its growth course in the office asset class. This is a further consistent step in our strategy towards a balanced asset class mix of office, logistics and light industrial,” commented Dirk Oehme, CEO of VIB Vermögen AG. The properties in question are a multi-tenant property in Mannheim, Käfertalerstrasse 258, and the Stadthaus Offenbach, Berliner Strasse 60, with the City of Offenbach as the sole tenant. The total rental space of both properties is 27,838 m2 with a total annual rent of around EUR 3.8 million.    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   Kontakt VIB-Vermögen AG Investor Relations: Tilly-Park 1 86633 Neuburg/Danube Tel.: + 49 (0)8431 9077-961 Fax: + 49 (0)8431 9077-1961 ir@vib-ag.de