Catalan Government

President Artur Mas he has decided to undersell the heritage of the Catalan Government to deal with the delicate financial situation of the catalan Government. The Department of Economics, whose owner is Andreu Mas-Colell, has released 37 buildings, with that expected to enter up to 550 million euros. The sale of these buildings in the current crisis situation will cause heavy losses to the Generalitat, which in the case of four of the latest purchased properties 42.4 million euros. Two others, acquired in 1994 and 1999, have been put on sale at a very similar to the purchase price, although prices in the Office market has tripled in that time. The majority of buildings, however, it is not possible to quantify the disability because it’s buildings which were already of the Generalitat or it has received them transferred from other administrations. Source of the news:: ruin obliges the Generalitat to undersell 37 public buildings