  We simulate the formation and evolution of the local galaxy population
starting from initial conditions with a smoothed linear density field which
matches that derived from the IRAS 1.2 Jy galaxy survey. Our simulations track
the formation and evolution of all dark matter haloes more massive than 10e+11
solar masses out to a distance of 8000 km/s from the Milky Way. We implement
prescriptions similar to those of Kauffmann et al. (1999) to follow the
assembly and evolution of the galaxies within these haloes. We focus on two
variants of the CDM cosmology: an LCDM and a tCDM model. Galaxy formation in
each is adjusted to reproduce the I-band Tully-Fisher relation of Giovanelli et
al. (1997). We compare the present-day luminosity functions, colours,
morphology and spatial distribution of our simulated galaxies with those of the
real local population, in particular with the Updated Zwicky Catalog, with the
IRAS PSCz redshift survey, and with individual local clusters such as Coma,
Virgo and Perseus. We also use the simulations to study the clustering bias
between the dark matter and galaxies of differing type. Although some
significant discrepancies remain, our simulations recover the observed
intrinsic properties and the observed spatial distribution of local galaxies
reasonably well. They can thus be used to calibrate methods which use the
observed local galaxy population to estimate the cosmic density parameter or to
draw conclusions about the mechanisms of galaxy formation. To facilitate such
work, we publically release our z=0 galaxy catalogues, together with the
underlying mass distribution.
