MERLIN Properties Annual Report 2019 / English

36 | Annual Report | 2019 FLAGSHIP PLAN (SHOPPING CENTRES) WIP GLA (sqm) 47,170 Scope Full revamp Budget € 46.4m Delivery Finished FLAGSHIP PLAN (1) GLA (sqm) 7,054 Scope Façade, accesses, installations, terraces, floors and parking Budget € 5.4m Delivery Finished GLA (sqm) 41,595 Scope Full refurb Budget € 27.5m Delivery Finished GLA (sqm) 67,690 Scope Common areas, exterior plaza, restaurants area Budget € 24.2m Delivery Finished GLA (sqm) 47,853 Scope Full refurb Budget € 24.0m Delivery 3Q20 GLA (sqm) 58,779 Scope Full refurb Budget € 26.6m Delivery 1Q21 GLA (sqm) 11,629 Scope Full refurb Budget € 20.5m Delivery 4Q21 X-Madrid Arturo Soria Larios Tres Aguas El Saler Porto Pi Callao 5 (1) GLA and Capex budget for shopping centers refurbishments include 100% of the asset, regardless of the stake owned by MERLIN in the owners’ community