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Azerbaijan SWF makes property debut

The State Oil Fund of Azerbaijan has acquired a Mayfair office building for £177.35m in its first ever real estate deal

The State Oil Fund of Azerbaijan has acquired a Mayfair office building for £177.35m, in its first ever real estate deal.

The 118,500 sq ft property is fully let to HSBC through 2023 and was sold by RREEF Real Estate on behalf of its German open-ended real estate fund, Grundbesitz Europa.

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