MERLIN Properties Annual Report 2019 / English

| 55 • On February 27, MERLIN signed the contribution of 3 secondary retail assets (Thader, La Fira and Nassica) to Silicius Socimi, a multi-product vehicle externally managed by Mazabi. The transaction has been on a NAV neutral basis, and in exchange MERLIN has received 34.4% of Silicius. As a result of this transaction, MERLIN’s overall exposure to shopping centers has been reduced to 18.9%, while secondary shopping centers account for 4.9% of MERLIN’s retail portfolio (0.9% of the total portfolio) • On January 17, MERLIN completed the acquisition of Plaza de Cataluña 9 in Barcelona. The historical asset, located in one of the most touristic and emblematic squares in Barcelona, comprises 3,048 sqm of GLA and will be used as a Loom. The acquisition price amounts to € 15.0 million (+ € 3.0 million estimated Capex) representing a 4.5% ERV yield • In May, Cilsa (ZAL Port) delivered 2 warehouses to LIDL (60,942 sqm) and Agility (11,221 sqm). Along with the units delivered to DAMM and UPS during 3M20 (59,948 sqm), the company has exceeded 600k sqm GLA under operations • On April 27 th , MERLIN signed on a 10-year term lease agreement with a top tier tenant, comprising 19,425 sqm in Monumental, Lisbon, which represents 77% of the asset. The building, under refurbishment, will be delivered on 1Q21 at a yield on cost of 9.4%. This is the largest leasing transaction in Lisbon’s CBD on record • On April 1 st , MERLIN delivered a positive- negative cold storage warehouse of 4,689 sqm in Sevilla ZAL to Carbó Collbatallé • In February, MERLIN signed a lease agreement with BBVA comprising 9,135 sqm in PE Las Tablas • On January 15, MERLIN was listed in Euronext Lisbon Stock Exchange • On February 7, MERLIN issued a € 100 million tap of its 15-year bond at 102% of the notional value and 1.875% coupon Events Post-Closing