Erlangen: VIB acquires logistics properties for €58mn

11/06/2013

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).


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.