MERLIN Properties Annual Report 2020 / English

26 | Annual Report | 2020 Total take-up amounts to 45,365 sqm out of which 20,369 sqm correspond to new contracts and 24,996 sqm renewals. Exits amounted to 21,733 sqm, and therefore the net take-up is negative by 1,364 sqm. Main contracts signed in 2020 are the following: The release spread achieved in the contracts renewed or relet in the period amounts to +4.1%. SHOPPING CENTERS Asset Tenant G.L.A. (sqm) X-Madrid Ozone 2,959 Marineda Ongravity 2,621 X-Madrid Ongravity 2,380 Arenas Mercadona 1,916 Marineda Estrella Park Experience 1,751 Larios Worten 1,349 El Saler Mango 1,187 Bonaire Mango 975 El Saler Sfera 973 X-Madrid Climbat 891 X-Madrid Juguetrónica 862 The chart of lease contracts maturity (next break) shows a balanced profile. In aggregated terms, in the following three years, the gross rents that have a break option amount to 10% in 2021, 23% in 2022 and 18% in 2023. LEASE MATURITY PROFILE Offices Shopping centers Logistics Net leases >2025 2024 2023 2022 2021 15% 23% 24% 14% 24% 6% 46% 20% 12% 12% 19% 19% 20% 1% 10% 23% 18% 13% 36% Total 99% 30% 16%