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Concept
Institute for Federal Real Estate (Germany)
Summary
The Institute for Federal Real Estate (in Bundesanstalt für Immobilienaufgaben, abbreviated BImA) is a government agency in Germany that provides federal government entities with real estate services. It functions as a landlord in the government system of internal rent—a commercially based model for managing government real estate. The institute provides services such as renting space, facility management and real estate development. The institute itself owns a major proportion of the property it manages, and is one of the largest owners of real estate in Germany. It was estimated that within 2011, the Institute for Federal Real Estate would—due to property transfers—own and manage nearly all real estate used by the federal government of Germany.
The Institute for Federal Real Estate was established via law on January 1, 2005. It succeeded the Federal Property Administration (Bundesvermögensverwaltung), which was dismantled, and from which tasks and staff were transferred. At the same time, the Federal Forests Administration (Bundesforstverwaltung) was integrated into the institute as the federal forests division.
The Institute for Federal Real Estate is a legal entity of the type Anstalt des öffentlichen Rechts, i.e. a public-law institute. It has approximately 5,800 employees at 120 different locations in Germany. The institute functions under the legal and supervisory control of the Federal Ministry of Finance. The top management consists of a 3-member board of directors, which is assisted by an advisory 10-member board of governors.
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Five of the nine divisions are responsible for the principal activities of the Institute for Federal Real Estate: facility management, federal forests, administrative tasks, portfolio management and sales.
The administrative tasks division provides various property-related services that are in the public interest. As Germany is a member of NATO, there are foreign military forces permanently stationed in the country, which require space for their activities.
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