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Should the Operation to Sell 15,000 Public Properties Be Reactivated?

The attempt to raise cash from the sale of more than 15,000 properties in 2013 illustrates the enormous volume of assets in the hands of the State. The divestment of the properties on Paseo de la Castellana in Madrid alone would generate income of €3.5 billion, according to calculations by CBRE.

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Illustration by Levi Sun.

Although there is no official inventory detailing the entire stock of properties owned by Spain’s public administrations, in 2013, the Government chaired by Mariano Rajoy presented a plan for the sale of state-owned buildings, which included the divestment of up to 15,135 properties in total between 2013 and 2015.

It was one of the measures that were announced in what was a first attempt to reform and streamline the public administrations, for which a Reform Committee was ultimately created. Of those attempted sales, some public auctions are periodically resumed by the Ministry of Defence or Interior. The so-called Operación Campamento in Madrid is another example, which has been going on for more than ten years now.

Read the full article in Spanish.

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