Azerbaijan's State Oil Fund to purchase real estate worth to USD 50 mln. in US

Azerbaijan's State Oil Fund to purchase real estate worth to USD 50 mln. in US
  • Clock-gray 16:50
  • calendar-gray 09 July 2020

State Oil Fund of the Republic of Azerbaijan (SOFAZ) is planning to purchase a real trade estate, located in Los Angeles, US, APA-Economics reports citing Fund's report for 2019.

According to the report, the SOFAZ has reached an agreement on the realization of joint investment in a real trade estate, which is situated in Los Angeles and controlled by Gaw Capital Partner Company, together with GAW US FUND III Fund.

"Capital investment, falling to the share of the SOFAZ, is USD 50 mln. in the joint investment", reads the report.

Note that the real estate portfolio of the SOFAZ as of the end of 2019 contained 5 assets, located in London, Paris, Moscow, Seoul, and Tokyo.

Emil Ismayilov

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