VIB VERMOGEN AG (FRA:VIH) EQS-News: VIB Vermögen AG continues diversification strategy as announced
Transparency directive : regulatory news
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EQS-News: VIB Vermögen AG
/ Key word(s): Real Estate
VIB Vermögen AG continues diversification strategy as announced
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. 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. |
| 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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1935151 28.06.2024 CET/CEST
source : webdisclosure.com