| The State Oil Fund of Azerbaijan, the nation's sovereign wealth fund, plans to create a specialised structure for investing in real estate and to start allocating capital in the next 3-4 months. It will target some 5% of its $32bn in AUM primarily at European property.
SOFAZ MD Israfil Mammadov told a local real estate magazine in the nation's capital Baku earlier this month: "The State Oil Fund will begin investing in real estate within the next three-four months." ..............................................Full Article: Source |