Released on: September 18, 2008, 12:38 am

Press Release Author: William Mengebier

Industry: Real Estate

Press Release Summary: Historic Belgian castle’s date with auctioneer approaches --
will nobles’ family feud result in ‘fire sale?’Court-ordered auction of perfectly
preserved medieval Corroy-le-Château to be held September 22, 2008. Follow the final
days of the saga on-line at corroylechateau.com

Press Release Body: Paris, September 18, 2008 -- The last act in a family’s
long-running ownership dispute over a magnificent, 800-year-old Belgian castle will
play out in an auctioneer’s house in Brussels on September 22, 2008. On that date,
the third and final session for the public sale of the historic castle,
Corroy-le-Château, will occur.

The castle, situated just south of Brussels, is surrounded by a moat and borders a
12-hectare, protected park. With walls and seven massive original towers dating to
the 13th century, the property’s pristine condition makes it one of Europe’s only
remaining perfectly-preserved castles.

Inhabited today by the same family descended from the original owners, the castle
has undergone continuous transformation over the centuries and has been maintained
in immaculate condition, preserving both its mythical quality and modern comfort
throughout its 5,000 square meters of habitable space.

The castle’s status as a historic landmark provides the additional benefit of
eligibility for government subsidies for any major work. Its majestically decorated
parlors, beautiful corridors, bright interiors and sweeping staircases continue to
attract touring groups and cultural performers, offering the possibility of dual use
as both a residence and commercial endeavor.

A family dispute between the existing owners over the use of the castle culminated
in a court decision which led eventually to the castle’s sale by public auction. The
first two rounds of bidding yielded a current offer of €2.1 million ($3.1 million),
an astonishingly low price in view of current European real estate values (see
August 28 International Herald Tribune article, “In Brussels, French elite find
favorable real estate values”
http://www.iht.com/articles/2008/08/28/properties/...).
The September 22 auction session will be the last time that bids will be accepted
for Corroy-le-Château.
Follow the final days of the centuries-old saga via daily video
updates at: www.corroylechateau.com.

Auction information:
September 22, 2008 - 2:00 p.m.
Maison des Notaires of Brussels
Rue Montagne du Parc 32, 1000 Brussels, Belgium
For further information:
Seth Goldschlager +33 6 09 42 50 40 William Mengebier +33 6 29 62 03 04


Web Site: http://www.corroylechateau.com

Contact Details: Press Contact:
William Mengebier
corroylechateau.com
Chemin Bichipau
Bidart 64210 France
33629620304
wmpmgbr@yahoo.com
http://www.corroylechateau.com