MERLIN Properties Annual Report 2017 / English

ı 39 ı Annual Report 2017 The assets currently under refurbishment are as follows: Asset G.L.A. Scope Budget (€ m) % executed Delivery % Occupancy Arturo Soria 6,959 Improvement of entrances and façade, interiors refurb (lighting, floors, signage) 4.7 81% Phase I 2Q18 98.3% Larios 45,076 Full refurb 21.2 4% 4Q18 97.3% X-Madrid 47,424 Full revamp 31.8 8% 2Q19 70% (1) El Saler 47,013 Extension (2,700 sqm), façade and access 15.2 8% 2Q19 89.3% Porto Pi 58,779 Full refurb 16.0 4% 1Q20 96.7% (1) Pre-let