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Ministry of Economy studies modeling in the sale of real estate of the Union

Union Patrimony

Representatives from Ernst Young presented to SPU experience from other countries in the sale of assets

The Secretariat for Coordination and Governance of the Patrimony of the Union (SPU), an agency of the Ministry of Economy, is preparing a plan for the sale of properties owned by the Brazilian state by 2022. The Union currently has more than 750 thousand properties. 

To learn international experience in the sale of public real estate assets, the global leader real estate at Ernst Young consultancy , Mark Grinis, and partner transactions real estate of the United States, Charles Kalocsay, presented on Wednesday (17/7 ) the main models of divestments applied in other countries. 

The special Secretary of Privatization, Divestment and Markets, Salim Mattar, to whom the SPU is bound, stated at the opening of the presentation that the sale of the properties of the Union will be essential to reduce the size of the Brazilian state: 

"It is gigantic, obese, slow, bureaucratic and burdensome for the taxpayer citizen and it hinders the lives of individuals and companies," he said. "We have no other way out: either we reduce the size of the state or we can not fix Brazil." 

Mattar stressed that the disposal of these assets should be done with caution: "We have to be careful in the sale of real estate and always take care of the public good, because this is a citizen's property taxpayer." 

For Mark Grinis, of Ernst & Young , the international experience shows that competition, good data and the ability to attract capital are important in the sales process. "When we make the selection of the assets, we have to match the supply and demand situations with the profile of the investor himself," he said. 

The Secretary for Coordination and Governance of the Patrimony of the Union (SPU), Fernando Bispo, stressed the importance of knowing the international experience to be able to check the solutions that other countries adopted in the sale of real estate assets. 

"It is very interesting to talk about this topic, because we have a good notion of the similarities of the problems and challenges that Brazil goes through and verify the attitudes already taken in other countries," explained Fernando Bispo. "What assets should we privatize, in what way, the model and why of each choice. That's the great job we're doing today. "