MERLIN Properties Annual Report 2017 / English

ı 35 ı Annual Report 2017 SHOPPING CENTERS Acquisition of retail units in shopping centers MERLIN Properties has been active in pursuing opportunities to acquire retail units in its portfolio of shopping centers in order to consolidate the ownership position within the asset as well as gaining flexibility and broadening the scope of the respective refurbishment plans for those assets. Main units acquired have been the Eroski supermarket in Larios (Málaga) and Porto Pi (Mallorca) cinemas. The breakdown is as follows: LOGISTICS Acquisition of additional stakes in logistics MERLIN has increased its stake in its three participated companies ZAL Port, Parc Logistc de la Zona Franca (PLZF) and Sevilla-ZAL. Shopping center G.L.A. (sqm) Price (€ m) Larios 16,928 16.1 Porto Pi 5,095 13.8 El Saler 3,175 12.2 Total 25,198 42.1 Stake increase Resulting stake Price (€ m) ZAL Port 16.5% 48.5% 39.1 PLZF 14.4% 90% 11.8 Sevilla ZAL 10% 100% 2.8