SOFAZ sees growth in market value of real estate portfolio

The market value of the SOFAZ real property portfolio amounted to $2.709 billion in 2019, up 26% from 2018, Report informs, citing the Chamber of Account’s feedback on the annual report of the Fund regarding the budget for 2019.

The net investments in the immovable property sub-portfolio accounted for $406.6 million in 2019.

SOFAZ’s total investments in the real estate complexes stood at $2.5 billion.