MERLIN Properties Annual Report 2020 / English

12 | Annual Report | 2020 Positioning #1 Offices #1 Net leases • Flexibility to offer multitenant or headquarter buildings. • Capacity to adapt to the needs of the tenant. • Excellent conditions of BBVA lease agreement triple net lease with 1.5x HICP annual uplift. 122 ASSETS 1.330k SQM € 6.322m GAV € 233m GRI Full Consolidation (1) Equity method (2) 696 ASSETS 351k SQM € 1.846m GAV € 86m GRI #1 Logistics • “One-stop-shop” solution for logistics operators wishing to operate across Spain. • Big footprint to match the rapid development of 3PL activity. Zal Port 48,5% 52 ASSETS 632k SQM (+103k SQM WIP) € 60m GRI (3) (+€8m GRI WIP) (3) 51 ASSETS 1.222k SQM € 1.032m GAV € 60m GRI WIP 11 ASSETS 937k SQM € 558m GAV € 44m GRI Existing (1) FY20. (2) Data for minority stakes are reported for 100% of the subsidiary. (3) Gross annual rent as of 31/12/20, pre ground lease expenses. Top 5 Shopping Centers • Mainly urban footprint in high GDP/ capita areas in Spain. • Critical mass with retail brands. 14 ASSETS 462k SQM € 2.207m GAV € 112m GRI Tres Aguas 50% 1 ASSET 68k SQM € 8m GRI