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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Azerbaijan to buy Australian real estate

Posted on 14 February 2013

Azerbaijan’s $34 billion sovereign-wealth fund plans to buy commercial real estate in Australia as part of a strategy to add assets down under. “We plan to travel to Australia in order to meet with the leading market participants including regulators, developers, asset owners, and overseas investors to gain deeper understanding of the market,” said the State Oil Fund of the Republic of Azerbaijan, or Sofaz.
“This trip is planned to take place during the course of this year.” The former Soviet republic, known for caviar and oil, is among a growing number of foreign investors seeking out higher returns from commercial real estate in Australia………………………………………..Full Article: Source


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