MERLIN Properties Annual Report 2017 / English

ı 29 ı Annual Report 2017 Logistics Total take-up amounts to 284,667 sqm out of which 130,095 sqm correspond to new contracts and 154,571 sqm to renewals. Exits amounted 16,075 sqm, therefore net take-up amounts to 114,020 sqm. Main new contracts signed are the following: The release spread achieved in the contracts renewed or relet in the period amount to 13.4%, driven by the excellent performance of Madrid and Barcelona. Asset Tenant G.L.A. (sqm) Guadalajara - Cabanillas Park I DSV 49,793 Madrid-Pinto IIA IDL 29,544 Guadalajara-Azuqueca I Dachser 27,995 Barcelona-Sant Esteve Zamorano 16,812 Madrid-Pinto I Saint Gobain 11,099 Madrid-Coslada Complex Ayuntamiento de Madrid 4,959 Sevilla Zal XPO 4,065 PLZF Molenbergnatie 3,721 Release spread # contracts Madrid 13.1% 8 Barcelona 22.0% 4 Other - 1 Total 13.4% 13 Offices Shopping centers Logistics Other High Street retail 16% 23% 17% 8% 36% 28% 21% 18% 16% 17% 21% 20% 12% 3% 44% 1% 1% 1% 1% 96% 3% 69% 25% 4% 15% 19% 13% 46% 2018 2019 2020 2021 >2022 Oficinas Centros comerciales Logístico High Street Retail Otros Total 7% Lease maturity profile The chart of lease contracts maturity (next break) shows a balanced profile. In aggregated terms, in the following three years. The gross rents that have a break option amount to 15% in 2018, 19% in 2019 and 13% in 2020.