{"id":1004105075,"date":"2014-10-06T05:43:39","date_gmt":"2014-10-06T13:43:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004105075"},"modified":"2022-12-03T22:43:42","modified_gmt":"2022-12-04T06:43:42","slug":"international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\/","title":{"rendered":"INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco"},"content":{"rendered":"

By Adriana Pop, Associate Editor<\/i><\/p>\n

\"Palladium<\/a>

Palladium Porto, Portugal<\/p><\/div>\n

 <\/p>\n

In an all cash transaction, L.A.-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet (23,810 square meters) of retail properties located in Spain and Portugal from developer-investor Redevco, which has its roots in the Dutch C&A fashion retail chain.<\/p>\n

The transaction marks Karlin\u2019s first acquisition outside the U.K. since entering the European real estate market in August 2013.<\/p>\n

The most significant component of the portfolio consists of a four-story, 68,800-square-foot (6,393 square meters) retail building located on Rua de Santa Catarina 71-73 in Porto Portugal. The property is fully leased to C&A and French retailer FNAC.<\/p>\n

\u201cWe are fortunate that our first acquisition in Portugal is the premier retail building along the best retail street in Porto,\u201d Karlin Asset Management CEO David Cohen said in a news release.<\/p>\n

\u201cIt is an excellent example of the type of asset we are actively looking to acquire throughout Europe,\u201d added Matthew Schwab, Karlin Real Estate\u2019s managing director. \u201cIt fits perfectly into our plan to purchase well-located properties leased to strong, credit-worthy tenants,\u201d he said.<\/p>\n

The sale also included five Spanish retail assets, ranging in size from 8,395 square feet to 85,400 square feet (780 to 7,934 square meters). The properties \u2013 two in Spain and three in the Canary Islands \u2013 are fully leased to affiliates of Dinosol Supermarkets, one of the largest supermarket groups in Spain.<\/p>\n

Sakis Giannikos of Axxon Euroconsulting represented Karlin Real Estate in the transaction, while JLL Spain represented Redevco.<\/p>\n

Karlin is a subsidiary of Los Angeles-based investment firm Karlin Asset Management, which has more than $1.5 billion in unleveraged capital under its management.<\/p>\n

Through both its debt and equity platforms, Karlin Real Estate now plans to invest up to $1 billion U.S. (\u20ac750 million) in European commercial real estate assets. To date, the company\u2019s European portfolio totals approximately 1.3 million square feet (120,773 square meters) of office industrial and retail assets, with an aggregate value of approximately $188 million (\u20ac115 million).<\/p>\n

In the U.S., the firm\u2019s portfolio includes more than 5 million square feet of office, multi-family, retail and industrial assets, as well as 300 acres of developable land.<\/p>\n","protected":false},"excerpt":{"rendered":"

L.A.-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet of retail properties located in Spain and Portugal from developer-investor Redevco.<\/p>\n","protected":false},"author":952,"featured_media":1004105082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,21742,21749],"tags":[],"class_list":["post-1004105075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-latest","category-retail"],"acf":[],"yoast_head":"\nINTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco\" \/>\n<meta property=\"og:description\" content=\"L.A.-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet of retail properties located in Spain and Portugal from developer-investor Redevco.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-06T13:43:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T06:43:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/10\/Palladium-Porto-in-Portugal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco\",\"datePublished\":\"2014-10-06T13:43:39+00:00\",\"dateModified\":\"2022-12-04T06:43:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\\\/\"},\"wordCount\":376,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Palladium-Porto-in-Portugal.jpg\",\"articleSection\":[\"International\",\"Investment\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-karlin-grabs-retail-portfolio-in-spain-portugal-from-redevco\\\/\",\"name\":\"INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco - 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