Belgian state property sell-off to continue

The Belgian federal government is widely expected to continue to sell government buildings in the coming years in order to balance its budget, whatever the outcome of the elections on June 10 and in spite of rising criticism from political parties from left and right. Last year, the government sold 62 buildings for EUR 576 mln to Belgian real-estate investor Befimmo. Separately, between 2000 and 2005, it sold 48 buildings (including the finance ministry) and in the coming year the government has plans for the sale of another 52 buildings.

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