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EPPO Orders Police Searches at European Commission in Probe of €900 Million Property Sale

The 2024 deal to offload 23 buildings to Belgium’s sovereign fund, presented as a downsizing strategy, is now being examined.

Overview

  • Belgian police searched European Commission offices in Brussels on orders from the European Public Prosecutor’s Office.
  • EPPO said it is collecting evidence as part of an ongoing investigation and has not provided further details.
  • The inquiry centers on the sale of 23 Commission buildings finalized on April 29, 2024, for about €900 million to SFPIM.
  • The transaction took place during the tenure of Johannes Hahn as EU budget commissioner.
  • The Commission confirmed it is under investigation, pledged full cooperation, and maintained that the sale complied with EU financial rules.