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Venerdì 19 Gennaio 2018 | 16:25

Milan

Azerbaijani oil fund buys palazzo in Milan

Palazzo Turani former home of chamber of commerce

Azerbaijani oil fund buys palazzo in Milan

Milan, January 8 - The State Oil Fund of the Republic of Azerbaijan (SOFAZ) on Friday reached a deal to buy an historic palazzo in the centre of Milan that was until 2011 the home of the Milan chamber of commerce. SOFAZ is buying Palazzo Turati for 97 million euros in its first real-estate purchase in Italy, according to a statement on its website. The property, recently used as a conference centre, has been sold by Tecnoholding, a finance company controlled by the chamber of commerce.

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