Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

LATEST NEWS

12:55 17-01-2018
New Information System to Help in Joint Development
All news

ARCHIVE NEWS

«    January 2018    »
MonTueWedThuFriSatSun
1234567
891011121314
15161718192021
22232425262728
293031 

Azerbaijani State Oil Fund invests $1.7bn in foreign real estate

logo russianconstruction.com
Azerbaijani State Oil Fund invests $1.7bn in foreign real estate

The total investments of the State Oil Fund of Azerbaijan (SOFAR) in the acquisition of real estate abroad is estimated at $1.7 billion, the press office of the government informed Interfax news agency on Thursday.


“In 2016, the State Oil Fund of Azerbaijan at the initial stage invested 10 million euro in buying property in Frankfurt (Germany). In general, SOFAR equity participation in this this property amounts to 41 million euro,” – the source in the government said.

According to local media, the matter concerns the investment of the State Oil Fund of Azerbaijan in a building of Junghof Plaza, located in Frankfurt’s downtown.

SOFAR made the first real estate investment in December 2012, having acquired an office complex in West London on St James Street 78.

Related publications

PARTNERS

UP