MERLIN Properties Annual Report 2018 / English

ı 26 ı OCCUPANCY Stock G.L.A. in operations of MERLIN as of 31 December 2018 amounts to 3,379,177 sqm. Stock G.L.A. in operations as of 31 December 2017 amounted to 3,246,491 sqm, resulting in a net increase of the stock during the period of 132,686 sqm. Occupancy rate as of 31 December 2018 is 93.4% (1) . 31/12/2018 31/12/2017 Change YoY Bps Offices (1) Total G.L.A. (sqm) 1,272,032 1,267,344 G.L.A. occupied (sqm) 1,144,983 1,118,106 Occupancy rate (%) (1) 90.0% 88.2% +179 Shopping centers Total G.L.A. (sqm) (2) 501,537 440,880 G.L.A. occupied (sqm) 444,620 379,398 Occupancy rate (%) (3) 91.0% 89.4% +164 Logistics Total G.L.A. (sqm) 1,101,243 960,825 G.L.A. occupied (sqm) 1,081,808 946,448 Occupancy rate (%) 98.2% 98.5% (27) High Street retail Total G.L.A. (sqm) 395,791 459,981 G.L.A. occupied (sqm) 392,578 457,264 Occupancy rate (%) 99.2% 99.4% (22) Other (4) Total G.L.A. (sqm) 108,574 117,462 G.L.A. occupied (sqm) 80,378 90,099 Occupancy rate (%) 74.0% 76.7% (267) MERLIN Total G.L.A. (sqm) 3,379,177 3,246,491 G.L.A. occupied (sqm) 3,144,368 2,991,316 Occupancy rate (%) (1) 93.4% 92.6% +80 (1) Excluding assets being or to be developed (Torre Chamartin, Torre Glòries, Adequa 2, 4, 7 and Costa Brava 6-8) (2) Excluding X-Madrid currently under development (3) Excluding vacant units acquired (13,026 sqm) currently being refurbished (4) Including an asset under property, plant and equipment