French Parliament Adopts Creation of State Property Company, Making Ministries Tenants
The French Parliament definitively adopted a bill on July 21, 2026, creating a public property company to manage state real estate. The reform, supported by President Macron's party and ranging from the National Rally to the Socialists, aims to rationalize the public property portfolio and finance the ecological transition. Under the new system, ministries and other administrations will become tenants of the state-owned company, paying rent based on the surfaces they actually use. The state holds nearly 96 million m² of built surface and 42,000 km² of undeveloped land, valued at around 74 billion euros. The goal is to reduce the portfolio by 25% by 2032. The left was divided: La France Insoumise opposed the reform as introducing market logic into the state, while the Socialist Party supported it. The government argues the reform will make real estate costs more visible and help address an estimated 140-150 billion euro investment gap by 2050.
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