Monday, April 30, 2007

State Department Puts Embassies Up for Sale

Via Govexec.com -

WASHINGTON (AP) -- Looking for a stately home or opulent office overseas? One in a posh neighborhood or overlooking an exotic capital? Maybe with a glorious or infamous past? The U.S. government may have a deal for you.

From Kinshasa to Katmandu, Bangkok to Bogota, U.S. embassies, ambassadorial residences and other diplomatic digs are up for sale as the State Department moves its employees to more secure locations, upgrades facilities and combines operations in multipurpose compounds.

Some 29 properties worth more than $205 million are now on the market in 21 countries, including a huge and historic embassy annex in the heart of London, large chancery buildings in Panama, Nicaragua and Nepal and homes fit for envoys extraordinary in Belize and Venezuela.

...

All have been declared ``excess property'' and listed for sale with private real estate brokers by the State Department's bureau of Overseas Buildings Operations, which manages more than 3,500 U.S. government properties in 193 countries.

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