State Oil Fund of Azerbaijan (SOFAZ) has invested $1.9 billion in real properties, APA-Economics reports quoting the 2017 annual report of the Cabinet of Ministers.
According to the report, SOFAZ has been investing its assets in real estate and gold since 2012.
SOFAZ invested £190 million in office complex in Saint James 78, West End, London, RUB 3,635,500,000 in Gallery Actor trade complex in Tverskaya str. 16, Moscow, EUR 180.5 million in a real estate in Place Vendom, Paris, KRW 199.35 billion in Pine Avenue, 203, Euljiro 2-ga, Jung-gu, Seoul, South Korea, JPY 53.018 billion in trade center in Tokio, Japan, EUR 99.6 million in Palazzo Turatti office building in Via Meravigli 7, Milan, Italy.
Moreover, SOFAZ has invested in funds managed by “PGÄ°M Real Estate”, “AXA Ä°nvestment Management”, “PAG Reak Estate”, “E-Shang Redwood”, “Gaw Capital Partners”, “BlackStone Real Estate”, “Walton Street Capital” and “Blackrock Fund Managers Limited”