Real IS has bought Maddocks House in Canberra for AUD29m. :
German fund manager Real IS has acquired an office property in Australia’s capital city for a mutual fund. Real IS said it bought the Maddocks House property at 40 Macquarie Street in the government district of Canberra from an undisclosed vendor for AUD29m (€17.8m). Axel Schulz, the global head of investment management at Real IS, said: “In terms of our purchasing strategy, Canberra ticks all the boxes as the perfect location.