Framework Agreement For Brokerage Services For The Sale Of Real Estate In The Vbl. 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 The Employees Of The Employers Involved With Them With Additional Old-Age, Incapacity And Survivors Benefits Through Private Insurance. Vbl Is One Of The Largest Institutional Investors In Germany. Part Of These Capital Assets Is Invested In Real Estate (Direct Investment). Vbl Has Made The Strategic Decision To Realign Its Directly Held Real Estate Portfolio. The Aim Is To Reorganize The Portfolio Structurally As Part Of An Inventory Adjustment. The Vbl Intends To Sell Up To 60 Properties Spread Throughout Germany (Mainly In The Regions Of Hamburg, Hanover, Berlin, D sseldorf, Cologne, The Ruhr Area, Frankfurt, Karlsruhe, Stuttgart And Munich). The Focus Is Predominantly On The Residential Segment, Some With Smaller Commercial Units, With An Estimated Average Transaction Volume Of Between 1.0 And 5.0 Million Euros Per Property. The Number Of Apartments Per Property Is Between Two And 237 Units. These Are Always Existing Buildings That Are Usually Rented Out. In Some Cases, Special Properties (Nursing Homes) Are Also To Be Sold. The Vbl Requires Brokerage Services To Sell The Properties. For This Purpose, Three Real Estate Brokerage Companies Are To Receive A Framework Agreement. The Vbl Decides Which Objects Are To Be Marketed And In What Form Within The Framework Of Individual Calls Based On The Framework Agreement. The Property Should Generally Be Sold Off-Market. Further Details Are Contained In The Tender Documents, Which Will Be Issued To The Selected Bidders After The Competition Has Concluded.
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