28 / 82
ı
28
ı
MERLIN enjoys a high quality tenant
base, broadly diversified. Top 10 tenants,
representing 55% of annualized gross rents
as of 31 December 2015, are as follows:
Tenant
Years as tenant
BBVA
7
ENDESA
12.5
AYUNTAMIENTO
MADRID
14.0
COMUNIDAD MADRID 14.0
HOTUSA
14.5
PWC
5.5
CAPRABO
23.5
INDRA
13.5
L'OREAL
7.5
SACYR
12.5
URÍA MENÉNDEZ
10.5
LEASING ACTIVITY
Since beginning of 2015, or since the
acquisition date for the assets acquired
during the year, MERLIN has signed lease
agreements amounting to 248,291 sqm, out
of which 75,800 sqm corresponds to new
leases and 172,491 sqm to renewals. Adding
the leasing activity of the participated
companies, total lease agreement signed
amount to 376,069 sqm, out of which 106,010
sqm correspond to new contracts and
270,059 sqm to renewals.
The breakdown per asset category is as
follows:
Out
Renewals
In Net
120,000
100,000
80,000
60,000
40,000
20,000
0
-20,000
-40,000
Offices
70,134
48,375
12,528
(35,847)
Logistics
97,568
(17,924)
30,210
12,285
Participated Companies
15,188 10,772
1,414
(9,358)
Shopping centers
(597)
87,169
16,653
(17,250)