VIB Vermögen AG further expands real estate portfolio

VIB Vermögen AG / Key word(s): Real Estate02.08.2011 / 07:30---------------------------------------------------------------------- Total investment volume of around EUR 32.6 million- Annualised net rental income after completion totals EUR 2.6 million- Average 8.0% rental yield on all properties Neuburg/Danube, August 2, 2011 - Having successfully concluded its capitalincrease, VIB Vermögen AG, a company specialising in commercial real estateportfolio management, is investing in high-yielding properties with a totalvolume of initially EUR 32.6 million.The company is developing a production and logistics centre in Ingolstadtwith a total rentable space of approximately 22,300 m², and entailing aninvestment volume of around EUR 24 million. A company has been founded inorder to realise the project in which VIB Vermögen AG holds a 75% majorityinterest, and in which a subsidiary of the city of Ingolstadt holds a 25%interest.Furthermore, a logistics property in Ingolstadt-Grossmehring, which thecompany developed itself, has meanwhile been handed over to its tenant.This property entailed initial costs of EUR 2.6 million. Rental contractshave already been signed for two further properties, and construction workis underway to the tune of EUR 6.0 million of investment volume. Oneproperty entails the construction of a logistics property on an existingplot of land in Baunatal near Kassel. The second property involves thecreation of a logistics plant in Neuburg/Donau.The total rental income that will be achieved after the properties havebeen created amounts to approximately EUR 2.6 million. The rentalagreements are largely long-term, and result in an average rental yield of8.0%. The additional rental space will amount to approximately 36,000 m²,and expand the total space of the real estate portfolio to almost 691,000m².Peter Schropp, the Management Board member responsible for the real estatesector, regards the VIB Group's revenue base as having been sustainablystrengthened: 'These transactions allow us to fulfil our commitment ofreinvesting issue proceeds from the capital increase as rapidly aspossible. We aim to continue to sustainably strengthen our real estateportfolio through selective and targeted acquisitions in the future. LudwigSchlosser, CEO of VIB Vermögen AG, added: 'Above and beyond the investmentsthat have now been specifically processed in contractual terms, we are nowengaged in very specific negotiations for further investments entailing atleast EUR 25 million.'Profile of VIB Vermögen AGVIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized realestate holding company, whose investments focus on commercial properties inSouthern Germany. Formed as a partnership in 1993, VIB Vermögen AG wastransformed to become an Aktiengesellschaft (German public limited company)in 2000. Since then, the company has developed core competences in theacquisition and management of its own properties and participatinginterests in companies with real estate portfolios.The VIB Group pursues a buy-and-hold strategy. It both develops propertiesfor its own portfolio and also acquires existing properties. The VIBGroup's real estate portfolio includes various logistics properties andindustrial facilities, shopping and specialist retail centers as well ascommercial and service centers.End of Corporate News---------------------------------------------------------------------02.08.2011 Dissemination of a Corporate News, transmitted by DGAP - acompany of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de---------------------------------------------------------------------Language:    English                                              Company:     VIB Vermögen AG                                                   Luitpoldstraße C 70                                               86633 Neuburg/Donau                                               Germany                                              Phone:       +49 (0)8431 / 504-952                                Fax:         +49 (0)8431 / 504-973                                E-mail:      ed.ga-biv@trehceir.artep                             Internet:    www.vib-ag.de                                        ISIN:        DE0002457512                                         WKN:         245751                                               Listed:      Freiverkehr in Berlin, Düsseldorf, Hamburg, München               (m:access), Stuttgart; Open Market in Frankfurt        End of News    DGAP News-Service  ---------------------------------------------------------------------  133980 02.08.2011