VIB Vermögen AG: VIB Vermögen AG acquires shopping centre near Bamberg

EUR 22.2 million investment volume/Rental contract with founder-tenant extended

Neuburg/Danube (pta007/29.01.2014/07:30 UTC+1) January 29, 2014 - VIB Vermögen AG, a company specialising in commercial real estate portfolio management, continues to expand its real estate portfolio as the new year gets underway. The company has acquired a large shopping centre in Bischberg-Trosdorf near Bamberg entailing an investment volume of EUR 22.2 million. Its 15 tenants on a rentable space totalling 13,770 m2 include highly credit-rated partners like Kaufland, Schuh Mücke, Rofu Kinderland and Takko, among others. This retail property was constructed in 2012, and generates an annual 7.4 % rental yield. Rental contracts of between five and 15 years have been signed with these tenants, whereby the contracts of the two tenants renting the largest spaces carry durations of 11 and 15 years respectively. The purchase of this property is being financed with some of the proceeds from the mandatory convertible bond issued in November and a loan.

"We are strengthening our retail portfolio with the acquisition of this shopping centre in Bischberg-Trosdorf. Our overall portfolio focusing on the logistics and retail growth-sectors now comprises a total of 99 high-quality properties with a total rentable space of around 907,000 m2 and annualised net rental income of approximately EUR 60.6 million," commented Ludwig Schlosser, CEO of VIB Vermögen AG.

The prolongation of the rental contract in the case of an industrial property in Neuburg/Danube also underscores the real estate portfolio's high asset-quality and the investment strategy's sustainability. "We are proud that our first tenant from 1994, which today operates under the name of Faurecia Autositze GmbH, has now extended its rental contract by a further ten years. This is proof of the confiding and reliable relationship with our tenants," as Ludwig Schlosser added.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert
Luitpoldstr. C70
86633 Neuburg/Donau
Phone: + 49 (0)8431 504-952
Fax: + 49 (0)8431 504-973
Email: petra.riechert@vib-ag.de

cometis AG
Ulrich Wiehle / Patrick Ortner
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 (0)611 205855-16
Fax: +49 (0)611 205855-66
Email: ortner@cometis.de

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG 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 a German public limited company (Aktiengesellschaft) in 2000. The company acts successful on the market for 20 years now. Since then, the company has been developing its core competencies in the acquisition and management of its own properties, and of participating interests in companies with real estate portfolios.
VIB Vermögen AG pursues a "develop-or-buy-and-hold" strategy. Next to the acquiring of existing real estate for the own portfolio both, project development and conception of properties are in the main focus. The VIB Group's real estate portfolio includes logistics properties, industrial plants, shopping centres and retail parks, and commercial and service centres.

(end)

Emitter:	VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg an der Donau Germany
Contact Person:	Petra Riechert
Phone:	+49 8431 504-952
E-Mail:	petra.riechert@vib-ag.de
Website:	www.vib-ag.de
ISIN(s):	DE0002457512 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart