LatinNews Daily - 31 August 2021

* Brazil’s economy ministry has launched a new programme to sell off state-owned property, known as the Feirão de Imóveis SPU+. This programme implements a new model for proposals for the acquisition of property (PAI), whereby any individual or legal entity can submit a proposal online for the purchase of real estate owned by the federal state. Diogo Mac Cord, the special secretary for privatisation, divestments and markets, said the new programme demonstrates the federal government’s commitment to good management of public assets and will allow for sales of public property to be carried out more efficiently. “Many [of these buildings] are in a state of abandon, and the sale to the private sector, which has the effective capacity to carry out investments and generate jobs and income for citizens, will immediately strengthen local economies”, Mac Cord said. The new programme has launched in the state of Rio de Janeiro, where 168 buildings are initially for sale (of a total 2,200 in the state which the government ultimately hopes to sell), including some historical properties such as the modernist Gustavo Capanema Palace in the centre of Rio city. Property sales are also due to be held in the states of São Paulo, Minas Gerais, and Rio Grande do Sul, as well as the Federal District. Mac Cord said the government hopes to make R$110bn (US$21.2bn) from these sales by the end of 2022.  

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