VBG Portfolio

vgb
VBG Portfolio, Dresden, Berlin, Stuttgart and Cologne
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

  1. Wiener Platz 6, D-01069 Dresden
  2. Markgrafenstrasse 17/18, D-10969 Berlin
  3. Martin-Luther-Strasse 79, D-71636 Ludwigsburg (Stuttgart)
  4. Kölner Strasse 20, D-51429 Bergisch-Gladbach (Cologne)