VIB Vermögen AG Sells Logistics Properties in Bavaria and Hesse

VIB Vermögen AG has announced the sale of four logistics properties in Bavaria and Hesse to EQT Exeter, a global real estate investment manager. The notarization of the deal occurred at the end of October 2024, with a planned closing by year-end. The purchase price remains undisclosed, reflecting VIB's ongoing strategy to balance their commercial real estate portfolio.

This transaction marks a strategic step for VIB Vermögen AG as it aims to diversify its asset class mix within the commercial real estate sector, emphasizing logistics and office spaces in Germany and surrounding regions. The sale includes a total rental area of 94,607 m2, producing an annual rent of EUR 6.7 million, situated in Erlangen, Unterschleißheim, and Frankfurt am Main.

Dirk Oehme, the Speaker of the Managing Board, highlighted that the sale signifies the company's ability to realize value in an improving transaction market, further supporting VIB's value-oriented approach.