| State Oil Fund of the Republic of Azerbaijan (SOFAZ) announces today the agreement to acquire Palazzo Turati, an office property in Milan's historical Central Business District (CBD), for €97 million with the aim to further diversify its real estate portfolio. This is the first property acquisition of SOFAZ in Italy.
Palazzo Turati is located at Via Meravigli 7, historical centre of Milan, just a step away from Piazza Cordusio and Piazza Affari, and 500 m from Duomo. The building develops over six floors above the ground for office use, in addition to an exhibition hall on the ground floor. The net leasable area of this prime asset is 10 360 square meters...............................................Full Article: Source
|