MERLIN Properties Annual Report 2018 / English

ı 41 ı Annual Report 20 18 MERLIN portfolio has been appraised by CBRE and Savills, for a total GAV of € 12,041 million. GAV breakdown is the following: Portfolio valuation GAV LfL Growth Gross yield Yield compression Offices 5,513 +6.7% 4.1% (5) bps Shopping centers 2,265 +2.3% 5.2% (8) bps Logistics 830 +12.4% 6.2% (50) bps High street retail 2,220 +5.7% 4.3% (9) bps WIP & Land 589 n.a. n.a. Other 422 +3.4% 4.4% (2) bps Equity method 201 +11.2% n.a. Total 12,041 +6.1% 4.6% (9) bps