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.
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