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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
France to move more strongly to optimise state assets - minister
After years of neglecting real estate assets, the French government is now keen to reorganise state-owned property, estimated to be worth e50bn, and to optimise and manage it to boost income and help public finances, says Budget Minister Eric Woerth. He told a seminar last month that recent changes in public property legislation permit the outright sale of more buildings, and Paris will allow more market influence to determine values. "The state has to stop believing that it knows best, and we are now working with real estate professionals such as notaries, lawyers, brokers to determine the best solutions for individual assets," he said.