| Azerbaijan’s state oil fund SOFAZ earned around 27 million pounds on real estate in London as of January 1, 2016. The real estate, located at Saint James Street in London, was purchased by SOFAZ for 177.35 million pounds in 2012, the Company reported on February 10.
"After the real estate was leased until late 2015, SOFAZ received income worth about 27 million pounds,” the statement said. “Currently, this real estate is estimated at 213 million pounds. Taking into account the high liquidity on the real estate market in London, this asset can be sold at a specified price within a short period."..............................................Full Article: Source
|