Real I.S. acquires first office property in Adelaide, Australia

Real I.S. AG has acquired 100 Waymouth Street, an office property in Adelaide, Australia, with an investment volume of A$85 million ($57 million) for a homogeneous group of institutional investors.

“With the office property on 100 Waymouth Street in Adelaide, we were able to make the first acquisition for our investors’ investment strategy. We focus on core, core-plus and manage-to-core properties. With this acquisition, we very quickly laid the foundation stone for the strategy of our fund following the mandate by our clients,” said Tobias Kotz, head of client relations & capital funding.

The investors have mandated Real I.S. to build a diversified real estate portfolio in Australia. The portfolio is expected to reach a volume of A$400 million ($270 million).

For this purpose, Real I.S. launched a German special fund eligible for property quotas under the name Real I.S. Australian Institutional Portfolio Funds. The portfolio is to focus on core office