on Branicks Group AG (isin : DE000A1X3XX4)
Branicks Group AG Sells Four Logistics Properties from VIB Portfolio
On October 31, 2024, Branicks Group AG announced the sale of four logistics properties from the VIB-Vermögen AG portfolio to global real estate investment manager EQT Exeter. This move, aligned with VIB's diversification strategy, aims to balance its asset mix by focusing on logistics and offices across Germany and neighboring countries. The logistics assets, with a combined rental area of 94,607 m² and generating an annual rent of EUR 6.7 million, are located in Erlangen, Unterschleißheim, and Frankfurt am Main.
The transaction, finalized in October 2024 and expected to close by the year's end, reflects a recovering transaction market. Although the purchase price remains undisclosed, this sale signals a strategic step for VIB in optimizing its commercial real estate portfolio.
R. H.
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