MERLIN Properties Annual Report 2017 / English

ı 22 ı 16.0 Offices 18.9 Shopping centers 3.9 Logistics 18.8 High Street retail Gross rents in the period amount to € 469,405 thousand with respect to € 351,023 thousand in 2016. RENTS FY17 FY16 YoY (%) Office 217,473 138,418 57% Shopping centers 92,820 52,566 77% Logistics 41,283 23,265 77% High street retail 104,119 99,864 4% Other 13,709 36,910 (1) (63%) Total 469,405 351,023 34% Gross rents breakdown Average passing rent (€/sqm/month) (1) Includes hotels, rented residential (already sold or deconsolidated) and other miscellaneous assets