SOFAZ Going Down Under for Properties
The State Oil Fund of Azerbaijan (SOFAZ) is looking to acquire core real assets in Australia, particularly Sydney. Australia has been a noteworthy real estate market for a number of sovereign wealth fund property investors. Australia has access to Asian nations and has robust transparency in property markets. Office and retail properties have been targets for foreign investors.
SOFAZ has moved forward with real estate purchases in cities such as London, Paris, and Moscow.
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