11/17/2020 | Press release | Distributed by Public on 11/17/2020 00:27
VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, is expanding its property in Nuremberg, Beuthener Straße by around 11,000 square meters by developing its own logistics hall.
The Grundig Industrial Park, which is very attractive for logistics companies, is located in the centre of Nuremberg, the heart of the Nuremberg metropolitan region. When it was originally acquired in 2012, the site had a rentable area of around 85,000 square meters. Following
various extensions and the completion of the new hall, the total lettable area on the site will be almost 100,000 square meters. For the additional usable space of around 11,000 square meters, a long-term rental agreement has already been concluded with a tenant from the logistics sector with a good credit rating. The property will be handed over to the tenant at the end of this year.
'We are very pleased that this project development allows us to strengthen our presence in this attractive location in the Nuremberg metropolitan region, and that the completion of this project will allow us to further expand our logistics portfolio,' commented Martin Pfandzelter, CEO of VIB Vermögen AG.