MERLIN Properties Annual Report 2019 / English

| 33 Acquisition of LOOM 22@ Ferreteria In May, MERLIN acquired Loom 22@ Ferreteria, an office building located in the 22@ district of Barcelona with a total GLA of 2,018 sqm. The asset, formerly a hardware store, enjoys a special charm, ideal for corworking. It will be let to our subsidiary LOOM and will benefit from synergies with LOOM Glòries. The acquisition price amounts to € 4.0 million and all in investment totals € 6.9 million, representing a 6.1% gross yield over € 0.4 million of gross rents. LOOM 22@ Ferreteria Acquisition Price of the asset (1) (€ thousand) 4,000 Estimated Capex (€ thousand) 2,900 Total cost (€ thousand) 6,900 ERV (€ thousand) 424 Gross yield (2) 6.1% Total G.L.A. (sqm) 2,018 (1) Excluding transaction costs (2) Yield on cost calculated over purchase price plus estimated capex Acquisition of Nestlé´s HQ In September, MERLIN has completed the acquisition of Nestlé’s HQ in Lisbon. The asset, located in the highly dynamic “western corridor” (A5 motorway), counts with 12,260 sqm of gross lettable area and 303 parking spaces, with the building divided into two wings connected by a common hall at the center. The asset is 100% let to Nestlé. The acquisition price amounts to € 12.5 million representing a 7% gross yield, once our commitment to invest in the improvement of the campus is accomplished. NESTLÉ´s HQ Acquisition Price (€ thousand) 12,500 Estimated Capex (€ thousand) 7,000 Total cost (€ thousand) 19,500 Annualized gross rent 2019 (€ thousand) 1,369 Gross yield 7.0% Total G.L.A. (sqm) 12,260