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Sovereign fund of Azerbaijan invests €100 mn in the acquisition of the building of the Chamber of Commerce in Milan

by Paola Dezza

It is with the sovereign fund that Azerbaijani Coima Sgr Manfredi Catella he scored, according to the latest rumors circulating on the market, the acquisition of the building of the Chamber of Commerce in via Marvel in Milan for a figure that should be around € hundred million.

The first operation in Italy for the sovereign fund of Azerbaijan, which is looking for opportunities for months on the housing market in our country. For Coima Sgr it comes to €350 million in total - including the restructuring - for three recent recently completed trades all in Milan and managed as advisor. The first is the purchase, along with the sovereign fund of Qatar, the offices of BNP Paribas in Piazzetta San Fedele, the second acquisition of the former mansion INPS with Adia, Abu Dhabi Investment Authority, in via Melchiorre Gioia (for both Coima Sgr has created funds which then manage) and finally the deal with the fund of Azerbaijan. Intense activity in view of the listing of the “sister” Coima Res. (P.De.)


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