MERLIN Properties Annual Report 2018 / English

ı 28 ı In Renewals Out Net 141,824 158,883 (100,232) 41,592 63,066 30,852 (24,387) 6,465 233,714 168,481 (57,546) 110,936 Offices Shopping centers Logistics LEASING ACTIVITY Since the beginning of 2018, or since the acquisition date for the assets acquired during the year, until 31 December 2018, MERLIN has signed lease agreements amounting to 796,821 sqm, out of which 341,157 sqm corresponds to new leases and 455,664 sqm to renewals. The total of contracts with break option in the period amounts to 843,912 sqm, of which 661,748 have been renovated or released (including 206,085 sqm of roll-overs), therefore the retention ratio in the period amounts to 78.4%. The breakdown per asset category is as follows: