VIB Vermögen invests in sites with a total area of more than 100,000 sqm
VIB Vermögen AG, a company specialising in the development, acquisition and portfolio management of commercial properties, acquires two sites with a total area of 105,500 sqm in highly attractive logistics regions within Bavaria.
In Gersthofen, near Augsburg, the company purchased a site measuring approximately 38,500 sqm, with a potential useful area of about 24,000 sqm under the multifunctional usage concept. The site boasts an excellent infrastructure on account of connections to the A8 motorway and federal highways 2 and 17.
The second site is located in Schwarzenbruck, in close proximity to Nuremberg. On a site measuring approximately 67,000 sqm, 30,000 sqm of rentable logistics space is planned that can be individually divided into sections of between 5,000 and 10,000 sqm.
Both sites, for which a building permission already exists, are currently being further marketed. Once tenants have been found, construction can begin shortly afterwards.
Furthermore, VIB is currently examining and securing further sites in other regions, such as Erding in the Greater Munich Area. These projects are at different stages of planning law development.
‘In a study led by bulwiengesa on logistics and property in 2016, the regions of Augsburg and Nuremberg were found to be highly attractive to logistics companies and were assigned a high demand as “hidden champions”. This shows that our most recent property acquisitions are spot on in terms of generating further portfolio growth on the basis of in-house developments. Combined with our successful operations at Interpark Kösching, the newly acquired sites underline our position as experts in logistics properties,’ explains Martin Pfandzelter, CEO of VIB Vermögen AG.