MERLIN Properties Annual Report 2019 / English

24 | Annual Report | 2019 OCCUPANCY Stock G.L.A. of MERLIN as of 31 December 2019 amounts to 3,303,736 sqm. Stock as of 31 December 2018 amounted to 3,379,177 sqm, resulting in a net decrease of the stock during the period of 75,441 sqm. Occupancy rate as of 31 December 2019 is 94.8% (1) . 31/12/2019 31/12/2018 Change YoY Bps Offices Total G.L.A. (sqm) 1,193,364 1,291,055 G.L.A. occupied (sqm) 1,106,939 1,163,464 Occupancy rate (%) (1) 92.8% 90.1% +264 Shopping centers Total G.L.A. (sqm) (2) 500,056 507,671 G.L.A. occupied (sqm) 461,073 451,297 Occupancy rate (%) (3) 93.3% 91.2% +204 Logistics Total G.L.A. (sqm) 1,160,289 1,101,243 G.L.A. occupied (sqm) 1,133,278 1,081,808 Occupancy rate (%) 97.7% 98.2% (56) Net leases Total G.L.A. (sqm) 362,509 365,978 G.L.A. occupied (sqm) 362,509 365,978 Occupancy rate (%) 100.0% 100.0% - Other (4) Total G.L.A. (sqm) 87,518 113,229 G.L.A. occupied (sqm) 63,107 81,820 Occupancy rate (%) 72.1% 72.3% (15) MERLIN Total G.L.A. (sqm) 3,303,736 3,379,177 G.L.A. occupied (sqm) 3,126,909 3,144,368 Occupancy rate (%) (1) (3) 94.8% 93.4% +140 (1) Excluding assets being or to be developed (Castellana 85, Monumental, Plaza Ruiz Picasso, Arturo Soria 343, and Loom 22@ Ferreteria) (2) Excluding X-Madrid (3) Excluding vacant units acquired under refurbishment (13,026 sqm in FY18 and 5,763 sqm in FY19) (4) Including an asset under property, plant and equipment