MERLIN Properties Annual Report 2020 / English

22 | Annual Report | 2020 OCCUPANCY Stock G.L.A. of MERLIN as of 31 December 2020 amounts to 3,313,314 sqm. Stock as of 31 December 2019 amounted to 3,303,736 sqm, resulting in a net increase of the stock during the period of 9,579 sqm. Occupancy rate as of 31 December 2020 is 94.2% (1) . 31/12/2020 31/12/2019 Change YoY Bps Offices Total G.L.A. (sqm) (1) 1,191,825 1,193,364 G.L.A. occupied (sqm) 1,085,511 1,106,939 Occupancy rate (%) 91.1% 92.8% (168) Logistics Total G.L.A. (sqm) 1,221,716 1,160,289 G.L.A. occupied (sqm) 1,191,574 1,133,278 Occupancy rate (%) 97.5% 97.7% (14) Shopping centers Total G.L.A. (sqm) 461,714 500,056 G.L.A. occupied (sqm) 426,134 461,073 Occupancy rate (%) (2) 93.7% 93.3% + 47 Net leases Total G.L.A. (sqm) 350,542 362,509 G.L.A. occupied (sqm) 349,509 362,509 Occupancy rate (%) 99.7% 100.0% (29) Other Total G.L.A. (sqm) 87,517 87,517 G.L.A. occupied (sqm) 63,107 63,107 Occupancy rate (%) 72.1% 72.1% - MERLIN Total G.L.A. (sqm) 3,313,314 3,303,736 G.L.A. occupied (sqm) 3,115,835 3,126,907 Occupancy rate (%) (2) 94.2% 94.8% +8 (1) MERLIN policy excludes buildings under complete refurbishment. Buildings excluded this period are Plaza Ruiz Picasso, Castellana 85, Monumental, Arturo Soria 343, Plaza Cataluña 9, Pere IV and Adequa (2 land plots for development). (2) Excluding vacant units acquired under refurbishment (7,162 sqm in FY20 and 5,763 sqm in FY19).