MERLIN Properties Annual Report 2019 / English

72 | Annual Report | 2019 Water consumption in the logistics asset portfolio in Like for Like terms, where only consumption in the Madrid - Coslada Complex asset is recorded, has amounted to 3,976 m 3 , representing a decrease of 11.0% compared to the previous year. On the other hand, water consumption has amounted to 830,025 m 3 in absolute terms in 2019. This consumption mainly relates to the portfolios of offices (52.8%) and shopping centres (42.5%), while logistics assets account for 4.7% of the total. Similarly, overall water consumption levels increased by 13.9%, this increase is distributed among the offices portfolio, shopping centres and logistic assets. Water consumption has increased up to 438,671 m 3 in the office asset portfolio in 2019, implying a jump of a 6.5%, as a result of the increase in the total area of the assets included in the scope of calculation, the growth in asset occupancy, and possibly the increased need for watering in a warmer and dryer year than usual. Similarly, water consumption associated with shopping centres amounted to 352,469 m 3 , which represents an increase of 12.8% compared with the previous year. The reasons for this increase relate to the rise in consumption in the portfolio on a Like for Like basis, combined with the inclusion at the end of the year of water consumption at the X-Madrid centre. Lastly, in logistic assets water consumption was of 38,885 m 3 . This volume means an important increase with respect to the previous year (4,467 m 3 ), caused by the entry of new assets in the scope of calculation, All the water consumed in the assets comes from the municipal network.