MERLIN Properties Annual Report 2019 / English

| 29 Total take-up amounts to 258,638 sqm out of which 154,269 sqm correspond to new contracts and 104,369 sqm to renewals. Exits amounted 54,316 sqm, therefore net take-up amounts to 99,953 sqm. Main contracts signed in 2019 are the following: The chart of lease contracts maturity (next break) shows a balanced profile. In aggregated terms, in the following three years, the gross rents that have a break option amount to 15% in 2020, 16% in 2021 and 13% in 2022. The release spread achieved in the contracts renewed or relet in the period amount to 7.6%, driven by an excellent performance in all markets. LOGISTICS LEASE MATURITY PROFILE Asset Tenant G.L.A. (sqm) Madrid-Meco Dachser 35,285 Valencia-Ribarroja Dachser 34,992 Madrid-Pinto II Media Markt 29,473 Madrid-Coslada Dachser 28,491 Guadalajara-Azuqueca Dachser 27,995 Guadalajara-Cabanillas III Logishfashion 21,879 Madrid-Getafe (Gavilanes) Mercadona 19,324 Release spread # contracts Madrid 7.3% 4 Barcelona 9.4% 2 Other - - Total 7.6% 6 > 2024 2023 2022 2021 2020 15% 18% 17% 24% 26% 26% 26% 15% 16% 17% 11% 10% 16% 16% 47% 100% Offices Shopping centers Logistics Net leases 15% 16% 13% 17% 39% Total