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Azerbaijan's Paris, Moscow buys take European RE over ¤450m

07 January 2013, 03:56 AM

The State Oil Fund of Azerbaijan, the Caspian Sea nation's ¤34bn sovereign wealth fund, has announced real estate acquisitions in Paris and Moscow, adding to a purchase in London to bring 2012 European property commitments to around ¤454m, one-quarter of its permitted allocation.