Germany Considering Large Scale Sale Leasback of Government Property

Berliner Zeiting has reported that Germany's new ruling coalition of conservatives and Social Democrats is considering the sale and leaseback of federal government real estate to finance part of a 25 billion euros investment programme. The paper cited unidentified coalition sources as saying the properties would include those housing ministries, the chancellery, some federal agencies and army barracks. A similar initiative was recently completed in the conservative-ruled state of Hesse, the paper reported. Sphere: Related Content