MERLIN Properties Annual Report 2020 / English

32 | Annual Report | 2020 BEST II & III PLANS (LOGISTICS) MERLIN continues expanding its logistics footprint trough the developments / WIP program in logistics. As of 31 December 2020, main assets under Best II and III plans are the following: Best II (as from 31/12/2020) Best III (as from 31/12/2020) (1) Reclassified as part of the existing stock. GLA (sqm) ERV (€m) Investment (€m) ERV YoC Delivered 100,806 A4-Pinto II (1) 29,473 1.2 13.7 8.6% A2-Cabanillas III (1) 21,879 0.9 11.8 7.8% A2-Cabanillas Park I F (1) 20,723 0.9 10.8 7.9% A4-Seseña (1) 28,731 1.2 15.5 7.7% In progress 272,746 A2-San Fernando II 33,592 1.9 22.1 8.5% A2-Azuqueca II 98,757 4.4 54.7 8.1% A2-Cabanillas Park II 47,403 2.1 25.7 8.1% A2-Cabanillas Park I G 92,994 3.8 56.0 6.8% Landbank 214,275 A2-Cabanillas Park II 163,275 7.1 88.5 8.1% A2-Azuqueca III 51,000 2.3 30.1 7.7% Total 587,827 25.8 328.9 7.8% GLA (sqm) ERV (€m) Investment (€m) ERV YoC Delivered 59,889 Valencia-Ribarroja (1) 34,992 1.9 26.3 7.2% Sevilla ZAL WIP (1) 13,476 0.6 7.7 8.4% Zaragoza-Plaza II (1) 11,421 0.5 7.1 7.2% In progress 74,147 Sevilla ZAL WIP 29,174 2.4 22.2 10.2% Lisbon Park 44,973 2.1 29.5 7.1% Landbank 375,387 Lisbon Park 179,891 8.4 118.1 7.1% Madrid-San Fernando III 98,924 5.1 54.9 9.3% Valencia 96,572 4.4 56.2 7.8% Total 509,423 25.5 322.1 7.9%