LA-based firm Karlin Real Estate opened a London office with a war chest of $1bn to invest in Europe. The company said it was targeting commercial real estate assets through its debt and equity platforms.

London skyline

Source: Shutterstock/Adel Newman

The real estate investment arm of Karlin Asset Management marked its entry into the European market in August 2013 with the £16m acquisition of an office building in Peterborough.

Karlin added a 400,000 sq ft West Midlands shed leased to Jaguar Land Rover and 40,000 sq ft office building leased to The Paragon Group of Companies to the portfolio, in deals totalling £18m.