MERLIN Properties Annual Report 2017 / English

ı 24 ı OCCUPANCY Stock G.L.A. of MERLIN as of 31 December 2017 amounts to 3,293,916 sqm. Stock as of 31 December 2016 amounted to 3,038,341 sqm, resulting in a net increase of the stock during the period of 255,575 sqm. Occupancy rate as of 31 December 2017 is 92.6%. 31/12/17 31/12/16 Change YoY Bps Offices Total G.L.A. (sqm) 1,267,344 1,246,465 G.L.A. occupied (sqm) 1,118,106 1,096,139 Occupancy rate (%) (1) 88.2% 87.9% +28 Shopping centers Total G.L.A. (sqm) 488,304 455,176 G.L.A. occupied (sqm) 379,398 370.329 Occupancy rate (%) (2) 89.4% 88.6% +78 Logistics Total G.L.A. (sqm) 960,825 755,071 G.L.A. occupied (sqm) 946,448 720,002 Occupancy rate (%) 98.5% 95.4% +315 High Street retail Total G.L.A. (sqm) 459,981 460,524 G.L.A. occupied (sqm) 457,264 460,524 Occupancy rate (%) 99.4% 100.0% (59) Other Total G.L.A. (sqm) 117,462 121,104 G.L.A. occupied (sqm) 90,099 92,646 Occupancy rate (%) 76.7% 76.5% +20 MERLIN Total G.L.A. (sqm) 3,293,916 3,038,341 G.L.A. occupied (sqm) 2,991,316 2,739,641 Occupancy rate (%) (1) 92.6% 91.3% +132 (1) Excluding assets being or to be developed (Torre Chamartin, Torre Glòries, Adequa 4 and 7) (2) Excluding X-Madrid and vacant units recently acquired to be refurbished