MERLIN Properties Annual Report 2017 / English

ı 71 ı Annual Report 2017 In 2018, MERLIN expects to continue with high occupancy rates and the maintenance of strong cash flow due to the long remaining lease period (6.7 years from 31 December 2017, weighted by each tenant rents). The Company also expects to continue with the acquisition of assets that fit within its investment strategy. To this end, it holds a cash position of 454 million euros. In this regard, in 2017, in accordance to our best estimates, average payment period to suppliers was 38.7 days. The Company has not developed any research and development activities during 2017. OUTLOOK / R+D INFORMATION / OTHER