Bank of France to sell property assets

A report says the Bank of France plans to sell 20 per cent of its property holdings valued at 100m euros.

Source: Le Monde

The Bank of France, the French central bank, is preparing to sell about 100m euros' worth of property assets in the Paris area, according to a recent press report which cites union sources.

According to the report, the bank will sell 32 residential and commercial properties in 2003, and 118 in 2004, amounting to 20 per cent of the rental property it owns in Paris.