Preliminary IFRS figures show that VIB Vermögen AG, a specialist commercial real estate portfolio management company, generated an operating income of EUR 60.5 million in financial year 2012, boosted by additional rental earnings resulting from new investments. This represents an increase of 14% (previous year: EUR 53.1 million).
Changes to the valuation of investment properties amounted to a net EUR +6.1 million (previous year: EUR +0.3 million). The bulk of the increases in value derived from properties newly acquired in 2012, whereas in the case of various portfolio properties, changes in market conditions required a downward revision to a lower
Changes to the valuation of investment properties amounted to a net EUR +6.1 million (previous year: EUR +0.3 million). The bulk of the increases in value derived from properties newly acquired in 2012, whereas in the case of various portfolio properties, changes in market conditions required a downward revision to a lower
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