MERLIN Properties Annual Report 2017 / English

ı 23 ı Annual Report 2017 Gross rents have increased by 2.7% on a like-for-like basis. Per asset category the like-for-like evolution is shown below: Bridge of FY17 gross rents from FY16 gross rents, for MERLIN and by asset category Office 2.9% Shopping centers 3.6% Logistics 8.4% High street retail 0.9% Other 7.2% 2.7% Total (1) Vestas and Endesa-Sevilla (2) UPS and Logista MERLIN Like-for-like increase Offices Logistics Shopping centers (€m) FY 2017 217.5 Balance acquisitions and disposals +129.6 2 old leases (1) FY16 (0.9) Like-for-Like growth +2.8 LfL (1) +2.9% FY 2016 85.9 (€m) FY 2017 469.4 Balance acquisitions and disposals +112.7 4 old leases FY16 (1.3) Like-for-Like growth +7.0 LfL +2.7% FY 2016 351.0 (€m) 92.8 FY 2017 Balance acquisitions and disposals +63.5 +1.4 Like-for-Like growth LfL (1) +3.6% FY 2016 27.9 (€m) FY 2017 41.3 Balance acquisitions and disposals +25,8 2 old leases (2) FY 2016 (0.4) Like-for-Like growth +1.3 LfL (1) +8.4% FY 2016 14.6