Direction de l'immobilier de l'Etat (DIE), formerly known as Service France Domaine, is a French government administration, which plays a central role in the property management of

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

in France. DIE acts as the owner of the state

, and advises various public administrations in activities related to real estate, OECD public governance committee, p. 20. for instance by coordinating the real estate strategy for all ministries. DIE functions under the ministry for budget

. DIE is tasked with disposing property that is no longer used by the administrations, and which has become too costly or outdated to maintain. All in all, its real estate operations include buying, selling, renting, and development. Together with approximately 100 regional and local offices under the tax administration services, it performs all activities relating to the management of state property assets. The aims for DIE include to ensure that state property is efficiently managed, increasing the quality of public services, while at the same time reducing costs ; and also improving the working environment for government employees.

State real estate stock

The state is the largest owner of real property in France with nearly 100 million square meters and 200 000 properties (offices, houses, lands, hangar, training centers...). In 2018, the French state property assets were valued at approximately 65 billion

EUR The euro (symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . Th ...

Sale of state-owned real estate

Since 2006, the French government formed a strategy for

real estate. One of the goals was to reduce government debt by selling state-owned real estate on the market. Each year, the sales yielded between 200 ans 500 million

. Eurointelligence 2007 The larger part of the returns would be used as an economic incentive to economise on real estate holdings, by being partly returned to the ministries that previously occupied the property.

Notes

References

Cessions immobilières * https://cessions.immobilier-etat.gouv.fr/

External links

* Direction de l'immobilier d
l'Etat
mdash; Official website (in French) {{authority control Government agencies of France Real estate in France