Procurement Summary
Country : Germany
Summary : Capital Management Company (Kvg) for the Purpose of Establishing a Special Fund for the Direct Real Estate Portfolio of the Federal and State Pension Fund (Vbl)
Deadline : 08 Apr 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 98528235
Document Ref. No. : 145680-2024
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
The Federal and State Pension Fund (VBL) is a legal institution under public law jointly supported by the federal and state governments. Its purpose is to provide employees with additional old-age, incapacity and disability insurance through their employer through private insuranceto provide survivors' benefits. VBL is one of the largest institutional investors in Germany. Around 50 billion euros are currently invested in the capital market. Part of these capital assets is tied up in holding real estate (direct investment). The VBL therefore has a scoperich real estate portfolio. The properties are mainly distributed across the regions of Hamburg, Hanover, Berlin, Duesseldorf, Cologne, the Ruhr area, Frankfurt, Karlsruhe, Stuttgart and Munich. The strategic management of the inventory takes place from Karlsruhe and the support is provided on sitecarried out by external service providers. The focus of VBL's real estate management until 2021 was on the management of the properties held directly by VBL (direct portfolio). As part of a reorganization of VBL's capital investment management, the management of real estate capital was expandedInvestments are brought together uniformly in the real estate management department (direct real estate portfolio and funds with an investment focus on real estate). In a further step, the properties held directly are to be contributed as contributions in kind to a fund that is considered an open domestic fund...
Document Type: Contract Notice
Reference Number: VBL_2024/01
Contract Type: services
Authority Type: body-pl-cga
Doc Title: Capital management company (KVG) for the purpose of establishing a special fund for the direct real estate portfolio of the federal and state pension fund (VBL )
Dispatch Date:2024-03-07
Publish Date: 2024-03-11
Submission Date: 2024-04-08
Documents
Tender Notice