The GSI Creoa "Aqueous" paints are similar to Tamiya acrylics, but not quite the same.
They airbrush excellently and can be airbrushed straight from the bottle (they are slightly thinner than Tamiya acrylics), but will yield better results if thinned. They can be thinned using GSI Creos Aqueous thinner, Tamiya X-20A acrylic thinner or Isopropyl or ethyl alcohol. The label says it can be thinned with water, but I prefer not to use water.
Thinning ratios can vary depending on your equipment setup and your individual painting style, eg. I like to thin my paints right out and build depth using multiple coats. You may need to experiment a little to find what's suitable for you. Start at 2:1 (Paint : thinner) and work from there
Being alcohol based, they don't seem to brush paint too well. I find that they flash-dry and "skin" very quickly (much like when brush painting Tamiya acrylics). I haven't tried brush painting with these paints extensively because I primarily airbrush them. They may (like Tamiya) brush better when thinned slightly, but I haven't really tried this yet.