MERLIN Properties Annual Report 2017 / English

ı 77 ı Annual Report 2017 (1) Tree and Caprabo (high street retail) assets have been excluded from the calculation After conducting several energy audits in its buildings, MERLIN is working on the implementation of an Energy Management System and its ISO 50001 certification. This process was launched in 2017 with the certification of four assets: Aquamarina, Avenida de Partenón 16-18, Torre Castellana 259 and Vía Norte business park, accounting an area of 88,073 m 2 (10% GAV). The Company plans to continue this certification process in the coming years, including Avenida de Partenón 12-14 offices, Alvento business park and Arturo Soria shopping center, what will increase the area under certification to 163,707 m 2 . Regarding energy consumption in the portfolio, it currently amounts to 347,561 GJ together with offices (61% of the portfolio), shopping centers (38%) and logistic assets (1%). Energy consumption in the office portfolio consists of electricity (76%), natural gas (23%) and a small proportion of gas-oil (1%). In 2017, energy consumption in offices totalled 213,374 GJ in absolute terms, 134% up on 2016, due to the inclusion of new buildings following the integration of Metrovacesa portfolio. The growth in energy consumption of the like-for-like office portfolio has been more moderate, at around 4%, mainly linked to the rise in fuel consumption. In the case of the shopping centers, energy consumption is mainly related to electricity consumption (92%), with a small proportion of natural gas in some of the assets included in the portfolio in 2017. Energy performance in shopping centers, in absolute terms, is similar to offices, also due to the integration of new assets in the portfolio, pushing consumption up to 133,540 GJ (+160% on 2016). In like-for-like terms, there was also a rise (3%) in energy consumption in this portfolio with respect to 2016. Regarding logistic assets, energy consumption is only linked to electricity consumption. It has raised to 647 GJ in 2017. This consumption represents both in absolute and like-for-like terms, an 11% increase respecting 2016. Energy classification of MERLIN’s assets (% of total assets) (1) ASSETS: 17/23 Logistic assets F 3% A 0% E 47% F 6% D 12% C 29% B 6% ASSETS: 4/17 Shopping Centers F 0% E 0% A 0% B 0% D 50% C 50% ASSETS: 104/135 Offices F 0% E 13% D 26% C 36% B 22% A 4%