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OUTLOOK AND OTHER
12
In 2016, MERLIN expects to continue
with high occupation rates and the
maintenance of strong cash flow due
to the long remaining lease period
(9.4 years from 31 December 2015,
weighted by each tenant rents.).
The Company also expects to
continue with the acquisition of
assets that fit within its investment
strategy. To this end, it holds a cash
position that exceeds 244 million
euros, after deducting the payment
to Sacyr for the remaining 23% stake
that Sacyrs owns of Testa.
MERLIN Properties has adjusted
its internal processes and payment
time-periods to the provisions of
legislation to combat late payment
in commercial transactions. In this
regard, in 2015, in accordance to our
best estimates, average payment
period to suppliers was 29.84 days.