Fri, Aug 28, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

SOFAZ aims to invest in real estate in developed markets

Posted on 31 May 2013

The state oil fund SOFAZ — an entity that accumulates and manages Azerbaijan’s oil and gas revenues — as a long-term investor is seeking stability of its real estate investments and thus aims to invest in assets in developed markets with long-term profitability.
SOFAZ Executive Director Shahmar Movsumov said that currently the Fund is studying the possibility of acquiring commercial property in Asia and Australia. “In particular, SOFAZ representatives have visited Seoul and Shanghai, as well as the major Australian cities Melbourne and Sydney in order to find high-quality commercial real estate,” Movsumov said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 16969 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31