State Oil Fund of the Republic of Azerbaijan, acquired 78 St James's Street in London from Db Grundbesitz Europe, fund managed by Rreef Investment GmbH for approximately £180 million on December 17, 2012. The annual rental income is £9.65 million. Jones Lang LaSalle acted as a real estate advisor and Mark Payne, Ian Painter, Lindsay Wiltshire, David Saleh, Simon Corzberg and Alastair Alderton of Clifford Chance LLP acted as a legal advisor to State Oil Fund of the Republic of Azerbaijan.


State Oil Fund of the Republic of Azerbaijan, completed the acquisition of 78 St James's Street in London from Db Grundbesitz Europe, fund managed by Rreef Investment GmbH on December 17, 2012.