State Oil Fund of the Republic of Azerbaijan (SOFAZ) carries out first acquisition in France (AZ/FR)

Axa Real Estate has reached, on behalf of one of their clients, an agreement to sell their property located at 8 Place Vendôme in Paris (75001), to an indirectly owned subsidiary of SOFAZ, for €135 mln.

This mixed trophy building comprises 5,400 m² and is let to prestigious tenants, notably Valentino for the office space and Dior and Mikimoto for the retail space.

Axa Real Estate was advised by Cheuvreux. SOFAZ was advised by notary Lasaygues & Associés, law firm Allen & Overy and Cushman & Wakefield's Capital Markets Group.

Source: Cushman & Wakefield

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