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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

SOFAZ says still interested in real estate abroad

Posted on 21 May 2013

The state oil fund SOFAZ — an entity that accumulates and manages Azerbaijan’s oil and gas revenues — has announced that it is still interested in property acquisitions in prime business districts of major cities around the world.
The company said that under short-term plans it plans to purchase commercial real estate in Asia. “SOFAZ has its own strategy on the purchase of real estate and related requirements. If the commercial property meets the strategy and all requirements of the fund, then SOFAZ is ready to purchase it,” the fund told Trend news agency…………………………………Full Article: Source


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