VIB plans activity in northern Germany with Dutch partner

06/06/2019

VIB Vermögen is preparing a 50-50 joint venture to expand its project development business into northern Germany. Its cooperation partner is the Dutch developer WDP, which until now focused on the Benelux countries and has expressed interest in eastward expansion. The two companies have signed a letter of intent to examine joint logistics projects in North Rhine-Westphalia, Bremen and Hamburg under the umbrella of a joint company. After completion, the properties would be kept in the portfolio. VIB CEO Martin Pfandzelter says that this collaboration will enable both companies to pool their development expertise and complement their respective customer bases.


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.