| Azerbaijan’s oil fund SOFAZ jointly with the sovereign-wealth funds of Abu Dhabi and Qatar agreed to invest a combined 350 million euros ($380 million) to buy and develop three separate properties in Milan.
SOFAZ is buying a building from the Italian chamber of commerce, while the Abu Dhabi Investment Authority is buying a 1960s building that will be demolished to make way for a new tower, the Wall Street Journal reported citing a person familiar with the transactions. The Qatar Investment Authority agreed to buy a property from BNP Paribas SA in late December. The purchase prices weren’t disclosed...............................................Full Article: Source |