SOFAZ Makes First Real Estate Investment in Japan

The State Oil Fund of Azerbaijan (SOFAZ) and Mitsubishi UFJ Trust and Banking Corporation together have acquired Kirarito Ginza in Tokyo for 52.3 billion JPY (US$ 435 million) from Elliott Advisors Asia Limited, a unit of hedge fund Elliott Management Corporation and Orix Real Estate, a unit of Orix Corporation (owner of Robeco). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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