VBG Portfolio
Year acquired | 2012 |
Acquisition price | 84,6m Euros |
Size (sqm) | 39,200 |
Year sold | 2017 |
Sale price | 106m Euros |
IRR | 24.8% |
DESCRIPTION
The portfolio consists of four individual properties with four individual lease agreements located in central locations in Dresden, Ludwigsburg (Stuttgart), Berlin and Bergisch Gladbach (Cologne).
MACRO
Dresden: State capital of Saxony and the 12th most populous German city
Stuttgart: State capital of Baden-Wuerttemberg, 6th most populous city in German
Berlin: Capital of Germany with ca. 3.5 million inhabitants
Cologne: Largest city in North-Rhine Westphalia and the 4th largest city in Germany
VBG is secured by the German Federal Government Guarantee, providing a lease with AAA financial covenant.
TENANT INFORMATION
VBG is a German government institution established under federal social security laws.
LIST OF PROPERTIES
- Wiener Platz 6, D-01069 Dresden
- Markgrafenstrasse 17/18, D-10969 Berlin
- Martin-Luther-Strasse 79, D-71636 Ludwigsburg (Stuttgart)
- Kölner Strasse 20, D-51429 Bergisch-Gladbach (Cologne)
Stuttgart: State capital of Baden-Wuerttemberg, 6th most populous city in German
Berlin: Capital of Germany with ca. 3.5 million inhabitants
Cologne: Largest city in North-Rhine Westphalia and the 4th largest city in Germany
VBG is secured by the German Federal Government Guarantee, providing a lease with AAA financial covenant.