VIB Vermögen AG

12/15/2020 | Press release | Distributed by Public on 12/15/2020 00:12

VIB completes largest in-house development in the company’s history with a lettable area of 115,000 square meters in the Interpark near Ingolstadt on schedule

VIB Vermögen AG, a company specializing in the development, acquisition and maintanence of commercial real estate, completed its largest logistic in-house development so far in the Interpark near Kösching/Ingolstadt as scheduled in November 2020 and handed it over to the second tenant Volkswagen.

The entire property has a total lettable area of around 115,000 square meters on a site area of around 113,000 square meters, which is leased to Audi and VW on a long-term basis. The special feature of this project development is that, for the first time, a two-storey building has been constructed on part of the plot. This is a further statement of the company's sustainability strategy in the construction sector. The ultramodern halls are located in the Interpark, one of the most important industrial parks in southern Germany in the immediate vicinity of Ingolstadt and in the catchment area of the Munich and Nuremberg metropolitan regions.

'We are very pleased that even under the currently not very easy conditions we have succeeded in completing our largest in-house development on schedule and within budget and handing it over to the tenant on time,' says Martin Pfandzelter, CEO of the VIB Vermögen AG.

'The coordination process with VIB Vermögen AG was smooth and uncomplicated, which is very important for us as a large group. We search for believe in partners and are pleased to have found a reliable developer and lessor in VIB,' emphasises Volker Rügheimer, Head of Group Supply Chain Development at Volkswagen AG.