Erlangen: VIB acquires logistics properties for €58mn


VIB Vermögen AG has acquired two logistics properties on Kraftwerkstrasse in Erlangen’s Frauenaurach district for a total of about €58mn. The properties with a combined rental area of 63,000 sqm are leased for ten years to the logistics firm Geis Global Logistics. VIB quoted a rental return of 7.25%. The acquisition took place in the framework of a share deal (94.98% share).

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