BRIEF

on VIB Vermögen AG (isin : DE0002457512)

VIB Vermögen AG Expands Portfolio with New Office Properties

On November 7, 2024, VIB Vermögen AG announced the acquisition of two office properties from Branicks Group AG. Located in Mannheim and Offenbach, these fully let properties were acquired through a share deal that closed in September.

VIB Vermögen specializes in commercial real estate development, acquisition, and management. The new acquisitions are part of the company's strategy to diversify its portfolio across office, logistics, and light industrial assets. The properties offer a total rental space of 27,838 m², generating an annual rent of approximately EUR 3.8 million.

Dirk Oehme, CEO of VIB Vermögen AG, stated that the acquisition aligns with the company's growth strategy and regional expansion within the office asset class.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all VIB Vermögen AG news