MERLIN Properties Annual Report 2018 / English

ı 77 ı Annual Report 20 18 Finally, as regards to logistics assets, energy consumption is associated only with electricity, as there is not fuel consumption in this portfolio. In 2018 this consumption amounted to 740 GJ. Both in absolute and like for like terms, this represents an increase of 11% compared to 2017. Energy consumption in absolute terms in 2018 rose to 421,946 GJ, including offices (62.2% of the total), shopping centres (37.6%) and logistics assets (0.2%). This represents an increase of 11% compared to 2017. Energy consumption in MERLIN’s office portfolio was equal to 262,413 GJ. This consumption related mainly to electricity (74%) and, to a lesser extent, natural gas (22%) and gas oil (4%). Energy consumption in this portfolio has experimented an increase of 18% compared to the previous year. The increase in absolute energy demand in office buildings was mainly due to the inclusion in the reporting perimeter of two new assets located in Portugal, as well as the completion of the refurbishments that took place in the buildings of Vegacinco 2 and Partenón 12-14. To a lesser extent, this increase is as well linked to higher thermal requirements in 2018 and to the opening of a new gym in Cristalia’s office building. In the shopping centres portfolio, energy consumption rose to 158,793 GJ. In this portfolio, energy consumption relates to electricity consumption (91%). The remaining 9% relates to fuel consumption, specifically natural gas. Compared to the previous year, there is a 3% growth in energy consumption due to the inclusion of more reporting months in Arturo Soria Plaza and also linked to lower temperatures in 2018. Electricity consumption remained stable in 2018.