The French ministry of defence unveiled plans last week to sell off EUR 0.8-1 bn worth of assets in the Paris region as part of a plan to bring together its different Paris offices in one site in Balard. Hervé Morin, the French defence minister, said the project represented a 'copernican revolution' for the ministry. The programme, due for completion in 2014, envisages the sale of 12 properties which could fetch up to EUR 1 bn and the development of one large office complex on a 16-hectare site in Balard, south of the 15th arrondissement in Paris.
The French ministry of defence unveiled plans last week to sell off EUR 0.8-1 bn worth of assets in the Paris region as part of a plan to bring together its different Paris offices in one site in Balard. Hervé Morin, the French defence minister, said the project represented a 'copernican revolution' for the ministry. The programme, due for completion in 2014, envisages the sale of 12 properties which could fetch up to EUR 1 bn and the development of one large office complex on a 16-hectare site in Balard, south of the 15th arrondissement in Paris.
More information on the defence ministry's new disposal plan can be found in our Week Edition to be published on Wednesday. You can click on the link below to subscribe to PropertyEU's Week Edition.
