SOFAZ earns AZN 91M from rental property

  30 June 2016    Read: 1234
SOFAZ earns AZN 91M from rental property
State Oil Fund of Azerbaijan has made public amount of the incomes from rental properties in 2015.
The Fund has earned AZN 19,896,204 or £9,648,048 from rental office located in 18 Saint James str., London.

Moreover, SOFAZ earned €5,860,400 or AZN 10,015,423 from rental property in n° 8, place Vendôme Paris, KRW 31,071,645,406 or AZN 41,542,790 from office complex in Pine Avenue Tower A in Seoul, South Korea.

Knight Frank LLP estimated London-based property at £217 million or AZN 447,497,400, BNP Paribas Real Estate estimated Paris-based property at AZN 281,318,490 or €164,610,000, Kyungil Appraisal company has appraised Seoul-based office at KRW 492,100,000,000 or AZN 657,937,700.

SOFAZ earned RUB349,659,436 or AZN 8,426,792 from Galereya Aktyo office in Moscow, JPY 722,169,920 or AZN 10,820,994 from Kirarito Ginza in Chuo Avenue, Tokyo. So, the Fund earned AZN 90,702,203 from rental property abroad.

Cushman & Wakefield estimated Galereya Aktyo office at RUB 5.4 billion or AZN 130.140 million, Daiwa Real Estate Appraisal apprised Kirarito Ginza at JPY 52.6 billion or AZN 788,158,400,

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