Parramatta. German group looks west

German fund manager, Real I.S., is considering adding the !7-storey, 23,330-square-metre Sydney Water head office, in Parramatta, to its Australian holdings. The building is held by Brookfield Australia Investments Group and was valued at $149 million, at the end of December 2010. It is believed the building, completed in 2009 and which houses some 1400 staff, had been considered by the German group for some years, according to The Australian Financial Review.