Federal and State Government Employees Retirement Fund Karlsruhe (VBL) – Property management services

The Federal and State Government Employees Retirement Fund Karlsruhe is a statutory institution of public law operated jointly by the Federal and state governments. It is the largest German supplementary pension fund for occupational pensions in public service.

In addition, VBL is one of the largest institutional capital investors in Germany. At present, about EUR 25 billion are invested on the capital market. A part of these capital assets is in-vested in real estate. Therefore, VBL holds an extensive real estate portfolio.

VBL awarded a contract for performing property management services. The real estate port-folio currently consists of 18 residential properties with 544 apartments and 8 commercial units, which are mostly located in Karlsruhe and Freiburg. Moreover, 2 senior citizen facilities in Freiburg and Ludwigsburg as well as a dormitory with cafeteria in Ulm, connected to a clin-ical center, are part of the real estate portfolio to be managed. The services to be provided cover among others rental management and the structural supervision of the portfolio.

We designed the award procedure for VBL as an open procedure for the performance of property management services and accompanied the project up to the awarding of the con-tract to the winning bidder and the conclusion of the contract.

Winning bidder:  G. Reiser Immobilienverwaltung GmbH, Kirchheim unter Teck

Counsel to Federal and State Government Employees Retirement Fund Karlsruhe:
HEUKING KÜHN LÜER WOJTEK:
Dr. Daniela Hattenhauer, (Hospital Law / Public Procurement Law), Düsseldorf and Frankfurt
Senior Associate: Ute Klemm, LL.M. (Public Procurement Law), Frankfurt