MERLIN Properties Annual Report 2020 / English

| 23 In Renewals Out Net 44,388 204,605 (64,327) (19,938) Offices 24,996 20,369 (21,733) (1,364) Shopping centers 18,915 136,657 (47,434) 89,223 Logistics LEASING ACTIVITY Since the beginning of 2020, or since the acquisition date for the assets acquired during the year, until 31 December 2020, MERLIN has signed lease agreements amounting to 449,930 sqm, out of which 201,414 sqm corresponds to new leases and 248,516 sqm to renewals. TENANTS MERLIN enjoys a high quality tenant base, broadly diversified. Top 10 tenants represent a 17.6% of the gross annualized rents (plus an additional 16.1% from BBVA), while top 20 tenants represent a 26.5% of gross annualized rents (excluding BBVA). Tenant Years as tenant BBVA 12 Endesa 18 Inditex 30 Técnicas Reunidas 15 Comunidad de Madrid 16 PWC 11 Indra 19 Hotusa 20 Caprabo 29 FNAC 24 GRI 16.1 % T o p - 2 0 t e n a n t s GRI 26.5 % GRI 17.6 %