VIB Vermögen AG continues diversification strategy as announced

EQS-News: VIB Vermögen AG / Key word(s): Real Estate
VIB Vermögen AG continues diversification strategy as announced

28.06.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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VIB Vermögen AG continues diversification strategy as announced

* 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


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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.

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   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