Real IS acquired EUR 1 bn of real estate during 2011, adding properties in Germany, the Netherlands, France and Australia to its portfolio, the German closed-end property fund manager said on Wednesday.

Real's biggest acquisition last year was the Hamburger Meile mall for approximately EUR 215 mln. The shopping centre, which includes about 150 specialist stores, was committed in the closed-end fund Bayernfonds Deutschland 23 for German high-net-worth individuals.