MERLIN Properties Annual Report 2017 / English

ı 26 ı LEASING ACTIVITY Since the beginning of 2017, or since the acquisition date for the assets acquired during the year, until 31 December 2017, MERLIN has signed lease agreements amounting to 849,999 sqm, out of which 266,786 sqm corresponds to new leases and 583,212 sqm to renewals. The total of contracts expired in the period amounts to 725,704 sqm, of which 583,212 have been renovated or released, therefore the retention ratio in the period amounts to 80.4%. The breakdown per asset category is as follows: Tenant Years as tenant BBVA 9 Endesa 14.5 Inditex 27 Técnicas Reunidas 12 PWC 7.5 Caprabo 25.5 Indra 15.5 Hotusa 16.5 Comunidad de Madrid 16 XPO Logistics 8 346,338 110,583 (104,012) 6,571 82,303 26,108 (22,405) 3,703 154,571 130,095 (16,075) 114,020 Offices Logistics Shopping centers Out Renewals In Net