MERLIN Properties Annual Report 2019 / English

| 27 Total take-up amounts to 346,548 sqm out of which 81,155 sqm correspond to new contracts and 265,393 sqm to renewals. Exits amounted to 31,775 sqm, and therefore the net take up is positive by 49,380 sqm. Main contracts signed in 2019 are the following: The release spread achieved in the contracts renewed or relet in the period amount to 7.2%, mainly driven by the excellent performance of our core markets, Madrid, Barcelona and Lisbon OFFICES Asset Tenant G.L.A. (sqm) Adequa Tecnicas Reunidas 42,327 PE Puerta de las Naciones Roche Farma 11,444 Castellana 278 Icex 11,262 Principe de Vergara 187 Uría Menendez 10,732 Avenida de Europa Vass 10,495 PE Sanchinarro Initec 8,595 Torre Chamartin PM&S Recursos (Deloitte) 7,906 PE Cerro Gamos Homeserve 6,582 Avenida de Burgos 210 Allfunds 6,176 Adequa Audi 5,978 Vegacinco Industria de Turbo Propulsores 5,496 Cristalia Aktua Soluciones Financieras 5,394 Release spread # contracts Madrid 6.0% 142 Barcelona 19.5% 24 Lisbon 11.2% 14 Total 7.2% 180