Karlin Real Estate and CBRE Global Investors have both invested in Spanish retail properties, with the former making its debut in Iberia.

Karlin said it had bought a portfolio of assets in Spain and Portugal from Redevco. CBRE Global Investors, meanwhile, said it had spent €153m on the El Boulevard regional shopping centre in Vitoria on behalf of a separate account.

Los Angeles-based Karlin, part of Karlin Asset Management, said it was looking to invest up to €750m in European commercial real estate assets, through its debt and equity platforms.

The portfolio of six retail properties also includes a property in Portugal, as well as two assets in the Canary Islands.

Karlin’s managing director, Matthew Schwab, said the firm plans to buy well located properties let to “strong credit worthy tenants”.

Karlin, which has so far only invested in UK real estate in Europe, currently owns €115m of office, industrial and retail properties. In the US, the firm has a 5m sqft portfolio.

Separate accounts portfolio manager Jeroen de Gruntat said CBRE Global Investors was looking to invest more in shopping centres in Spain, as well as in Belgium, Germany, Poland and the Czech Republic for the client over the next year.

He said: “This purchase also shows that there are interesting and well-performing shopping centre investment opportunities in the Iberian peninsula, an area that has seen increased attention from the investment market over the last 12 months.”