MERLIN Properties Annual Report 2020 / English

30 | Annual Report | 2020 OFFICES Acquisition of Plaza de Cataluña 9 In January 2020, MERLIN acquired Plaza de Cataluña 9, an historical asset located in one of the most emblematic squares in Barcelona with a total GLA of 3,048 sqm. The building, designed by the renowned modernist architect Josep Puig i Cadafalch, enjoys a special charm, ideal for coworking. It will be let to our subsidiary LOOM. The acquisition price amounts to € 15.4 million and all in investment totals € 18.4 million, representing a 4.5% gross yield over € 0.8 million of gross rents. Plaza de Cataluña 9 Acquisition Price (€ thousand) 15,400 Estimated Capex (€ thousand) 3,000 Total cost (€ thousand) 18,400 ERV (€ million) 0.8 ERV yield (1) 4.5% Total G.L.A. (sqm) 3,048 (1) Calculated as ERV divided by acquisition price plus estimated Capex. ACQUISITIONS