VIB

What VIB does

VIB Vermögen AG is a German commercial real estate company founded in 1993 and listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005. The company acquires, develops, and manages commercial real estate with a focus on logistics, light industrial, and office asset classes, serving corporate tenants (including automotive and mobility names such as BMW, AUMOVIO, and HBPO) and institutional capital partners across Germany, the Netherlands, and France. VIB operates through two segments: a Commercial Portfolio of 100 owned properties (EUR 1.8 billion, 93.7% occupancy) generating EUR 102 million of annualized rental income, and an Institutional Business managing 147 properties (EUR 8.3 billion, 92.9% occupancy) generating EUR 417 million of annualized rental income on behalf of third-party institutional investors. The combined portfolio comprises 247 properties, 3.5 million sqm of rental space, and EUR 10.1 billion of real estate under management, with EUR 80.5 million of Funds from Operations in 2025.

The company executes a 360-degree real estate approach covering development, acquisition, and active asset management, with in-house portfolio management rather than outsourced oversight. Revenue mechanics combine recurring rental income from owned properties (Commercial Portfolio), management and performance fees on third-party mandates (Institutional Business), selective one-off property sales as part of capital recycling, and development fees from joint development activity such as the Tristan Capital Partners JV announced in April 2026. Pricing is negotiated case-by-case on long-term leases and institutional mandates rather than publicly disclosed.

VIB Vermögen AG is the publicly listed subsidiary of Branicks Group AG (formerly DIC Asset AG), which holds approximately 68.75% of shares through DIC Real Estate Investments GmbH & Co. KGaA. In February 2026, VIB's extraordinary shareholders' meeting approved a Control and Profit Transfer Agreement (Beherrschungs- und Gewinnabf\u00fchrungsvertrag) with DIC REI KGaA, under which the remaining ~31.25% outside float is subject to the agreement, marking a transition from broadly listed subsidiary to fully controlled group entity. The company has received the EPRA Gold Award for financial reporting transparency every year since 2018.

Name

VIB

Legal name

VIB Vermögen AG

Website

https://vib-ag.de

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

VIB Vermögen AG is a German commercial real estate company specializing in the acquisition, development, and management of logistics, light industrial, and office properties across Europe, serving corporate tenants and institutional investors through a EUR 10.1 billion portfolio.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Management

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK), Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC)

Keywords

• Commercial real estate
• Logistics properties
• Asset management services
• Industrial real estate
• Property portfolio management

Headquarters

HQ city

Neuburg An Der Donau

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Rental Income (Commercial Portfolio): Annualized rental income from owned properties in logistics, light industrial, and office segments. Commercial Portfolio generates EUR 102 million in annual rental income with 93.7% occupancy rate.
2. Institutional Business Management Fees: Comprehensive real estate management services for institutional investors including setup and transaction fees, ongoing asset and property management fees, development fees for value-enhancement measures, and performance fees upon reaching defined targets. Generates EUR 417 million in annual rental income from EUR 8.3 billion portfolio.
3. Property Development: Development of logistics and light industrial properties from greenfield sites, some transferred to own portfolio for long-term rental income, others sold to third parties.
4. Selective Property Sales: Strategic sale of properties as part of overall portfolio management strategy, including capital recycling to invest in newer, more energy-efficient assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

VIB Vermögen AG acquires, develops, and manages commercial real estate in the logistics & light industrial and office asset classes. It operates two segments: a Commercial Portfolio of 100 directly held properties (EUR 1.8 billion) generating recurring rental income, and an Institutional Business managing 147 properties (EUR 8.3 billion) for institutional investors through asset management, property management, development, and performance fee mandates.

Product overview

VIB Vermögen AG operates as a commercial real estate company organized into two primary business segments: Commercial Portfolio and Institutional Business. The Commercial Portfolio segment (100 properties, EUR 1.8 billion) focuses on acquiring, developing, and holding logistics & light industrial and office properties in its own portfolio. The Institutional Business segment (147 properties, EUR 8.3 billion) provides comprehensive property management services for institutional investors. The company specializes in logistics & light industrial as its core asset class and has expanded into office properties as a diversifying revenue stream. The portfolio comprises 247 properties totaling 3.5 million sqm of rental space with a combined value of EUR 10.1 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Portfolio VIB's owned real estate segment consisting of 100 logistics, light industrial, and office properties valued at EUR 1.8 billion and generating EUR 102 million in annual rental income at a 93.7% occupancy rate. Targeted at corporate tenants in logistics, automotive, and manufacturing sectors.
• Institutional Business Comprehensive real estate management services for institutional investors covering 147 properties with EUR 8.3 billion under management and EUR 417 million in annual rental income. Includes fund management, asset management, property management, development fees, and performance-based fees at 92.9% occupancy.
• GreenBiz Park Erding

Quantifiable outcome

• 93.7% occupancy rate for Commercial Portfolio, 92.9% for Institutional Business
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Tristan Capital PartnerscoreStrategic or Co-development Partner · 29 April 2026Joint venture with a fund managed by Tristan Capital Partners for the development of logistics properties. VIB contributes development expertise while Tristan Capital provides institutional capital for investment. The partnership enables VIB to expand its development business with institutional backing.
• Edmond de Rothschild REIMminorOthers · 22 February 2026Edmond de Rothschild REIM acquired three logistics and light industrial assets from VIB for EUR 29.8 million. The transaction included a fully-let logistics property in Großmehring, Bavaria from VIB and a light industrial asset from Mix Masters via sale and leaseback. This represents capital recycling activity where VIB divests assets to invest in newer properties.

Scale indicators7 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Patrizia SE: German real estate investment company with both direct investments and third-party asset management for institutional investors. Comparable to VIB on the institutional business segment and overlaps in German logistics/office asset class focus.
• Hamborner REIT AG: German listed REIT specializing in commercial real estate (office, retail, logistics) with a similar mid-cap profile and direct property ownership focus. Comparable in scale, asset class mix (office dominant with logistics diversification), and target market to VIB.
• Warehouses De Pauw (WDP): European listed logistics and semi-industrial REIT with significant German and Benelux exposure. Directly comparable to VIB on logistics/light industrial asset class focus and similar Western European geographic footprint.
• Fair Value REIT-AG: German listed commercial real estate company with a similar size profile and direct property ownership in office and retail assets. Comparable to VIB in its mid-cap German CRE ownership model and dividend-oriented strategy.
• Alstria Office REIT-AG: German pure-play office REIT focused on German office properties. Comparable to VIB's office segment as a domestic German publicly listed REIT operating in the same office asset class with similar tenant base.
• GEG German Estate Group GmbH: Part of the Branicks/DIC Group and a German commercial real estate owner and operator focused on office and mixed-use assets. Sister entity within the same parent group with overlapping German commercial real estate strategy and tenants.
• DIC Asset AG (now Branicks Group AG): VIB's majority parent and the entity from which VIB absorbed the institutional business and several properties. Operates the same German commercial real estate platform with overlapping institutional investor clients and similar logistics/office focus.

Broad incumbents

• Aroundtown SA: One of Europe's largest listed commercial real estate companies with significant German office and hotel exposure. Operates broadly in the same European commercial real estate space as VIB but at much larger scale with a wider portfolio scope.
• Deutsche EuroShop AG: German listed retail and commercial property investor with European footprint. While focused on shopping centers, it is a comparable large-cap German listed commercial real estate platform targeting institutional capital.

Others

• Union Investment Real Estate: One of Germany's largest real estate investment managers with institutional open-ended funds focused on European commercial real estate. Comparable to VIB on the institutional asset management side as a competitor for third-party mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vib-vermoegen

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VIB