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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Azeri State Oil Fund buys Moscow real estate for $133 mln

Posted on 02 January 2013

The State Oil Fund of Azerbaijan, known as Sofaz, bought a shopping and business center in the Russian capital, Moscow, for $133 million as it continues to diversify its reserves.
Sofaz bought 100 percent of Tverskaya, 16 OAO, which owns the Galereya Aktyor (Actors’ Gallery) building in central Moscow, the Baku-based fund said today in an e-mailed statement. The 18,000 square-meter center was built in 1882………………………………………..Full Article: Source


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