VIB Vermoegen AG completed the acquisition of 25,000 square meter industrial area in Neufahrn near Freising and a 14,600 sqm logistics property at Gutenbergstrasse 1 in Grossmehring.
January 08, 2013 at 11:00 pm EST
VIB Vermoegen AG (XTRA:VIH) agreed to acquire 25,000 square meter industrial area in Neufahrn near Freising and a 14,600 sqm logistics property at Gutenbergstrasse 1 in Grossmehring for 14 million on December 19, 2012. VIB Vermoegen acquired 25,000 square meter industrial area in Neufahrn from a asset manger for 6.5 million and acquired 14,600 sqm logistics property at Gutenbergstrasse 1 for 7.5 million. VIB Vermoegen will use the proceeds of a mandatory convertible bond issue of 17 million to finance the transaction. BNP Paribas Real Estate acted as real estate advisor to the seller of industrial area in Neufahrn. VIB Vermoegen completed the acquisition of Neufahrn property on January 8, 2013.
VIB Vermoegen AG (XTRA:VIH) completed the acquisition of 25,000 square meter industrial area in Neufahrn near Freising and a 14,600 sqm logistics property at Gutenbergstrasse 1 in Grossmehring on January 9, 2013.