MERLIN Properties Annual Report 2017 / English

ı 59 ı Annual Report 2017 EVENTS POST-CLOSING • On January 19 2018, the service level agreement with Testa Residencial was cancelled ahead of the IPO of Testa. In exchange, MERLIN Properties will increase its stake in Testa Residencial to 16.95% • On 13 February 2018, MERLIN fully repaid € 122.6m of property leasings