Tender reference number
Správce fondu pro dostupné bydlení
Description
The purpose of this above-threshold public service contract awarded by negotiated procedure with publication in accordance with the provisions of Section 60 et seq. The PPA is the conclusion of an operational agreement on the management of the funds of the Affordable Housing Investment Fund (‘Operational Agreement’), on the basis of which the subject matter of this Public Procurement will be implemented, with one supplier whose final offer will be assessed as the most economically advantageous on the basis of the evaluation of the final offers. The subject of the Public Procurement is the selection of a financial intermediary that will ensure the creation of a fund of qualified investors pursuant to Act No 240/2013 on management companies and investment funds, as amended (‘ZISIF’), in the form of a sub-fund (‘Podfond’ or ‘Fund’) of an investment fund with legal personality pursuant to Section 9(1) of the ZISIF (‘Investment Fund’). For the purposes of this Public Procurement, an Investment Fund may be both an existing Investment Fund managed by a financial intermediary and a newly established Investment Fund established by a financial intermediary (if such a fund is not already established by a financial intermediary) with a focus on the acquisition of residential properties and their lease to target categories of tenants under conditions of affordable housing, in accordance with the investment strategy contained in Annex 2 to this Procurement Documentation (‘Investment Strategy’), which will carry out the following activities in connection with the Investment Fund or the Sub-Fund: a) administer the Sub-Fund; b) manage the Sub-Fund; identify, evaluate and realise investment opportunities for the Sub-Fund; and (d) secure one or more co-investors (‘Private Investor’) in the Sub-Fund with a commitment to invest at least CZK 950 million in the Sub-Fund. The contracting authority draws attention to the fact that before the conclusion of the Operational Agreement, the credibility of the private investor(s) will be verified. The selected supplier will have to credibly prove that a private investor or private investors are able and ready to invest at least CZK 950 million in the Sub-Fund. The Client's objective is to acquire the securities of the Sub-Fund related to investment activities and to be represented in its advisory/control bodies. Investment decision-making will be entrusted to the financial intermediary. For the purpose of investment decision-making, the financial intermediary shall establish an appropriate internal collective decision-making body (e.g. an investment committee) independent of investors. Investors may be represented in advisory and supervisory bodies of the Investment Fund in matters of the Sub-Fund. The exact structure of the bodies of the Investment Fund and its Sub-Fund and the representation of the Contracting Authority will be discussed. The selected financial intermediary implements one Sub-Fund. The Contracting Authority and the Private Investor will invest in the Sub-Fund on equivalent terms with the same level of risk-return sharing on a pari passu basis within the meaning of points 86 and 87 of the Commission Notice on the notion of State aid as referred to in Article 107(1) of the Treaty on the Functioning of the European Union (2016/C 262/01). The selected financial intermediary will manage the Sub-Fund in the form of an investment fund of qualified investors or a similar fund domiciled in another country of the European Union. If it is an investment fund domiciled in the Czech Republic, it will be registered in the list of qualified investor funds maintained by the Czech National Bank; if it is domiciled in another EU country, it will be registered with the relevant regulator of that country. The selected financial intermediary shall comply with the Investment Strategy, including the ‘do no significant harm’ principle as set out in Annex A to the Investment Strategy, during the performance of the Public Procurement. See more from ZD.
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Submission Method
Electronic via:
https://tenderarena.cz/profily/NRinvesticni
Tenders may be submitted
Electronic submission: required
https://tenderarena.cz/profily/NRinvesticni
Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
Not available
Conditions for opening tenders (date)
Not available
Award method
Not available
Estimated value
Not available
Final contracted value
Not available
Award of contract
Not available
