TODAY.AZ / Business

Azerbaijani State Fund’s building rated by BREEAM

15 March 2016 [13:04] - TODAY.AZ
The new administrative building of the State Oil Fund of Azerbaijan (SOFAZ) was rated “Good” on the environmental assessment method and rating system for buildings (BREEAM) by the British BRE Global company, the SOFAZ’s message said March 15.

BREEAM (Building Research Establishment Environmental Assessment Methodology), is owned by BRE Global Ltd (part of the BRE Group), and the international provider of robust, independent, third party certification of fire, security and sustainability.

Assessments of the projects and constructions are performed based on the following technical standards: master planning, new construction, in-use international, refurbishment and fit-out.

Requirements defined by BREEAM were taken into account during the construction of SOFAZ, said the message.

SOFAZ was established in 1999 with assets of $271 million.

As of January 1, 2016, SOFAZ assets reduced by 9.5 percent compared to 2014 ($37.1 billion) and were estimated at $33.57 billion.

The opening ceremony of SOFAZ’s building was held Dec. 29, 2014.

/By Trend/
URL: http://www.today.az/news/business/148848.html

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