MERLIN Properties Annual Report 2020 / English

72 | Annual Report | 2020 With a highly productive workforce, professionals are solidly committed to the Company’s project and are aligned to deliver on its objectives. Similarly, MERLIN is committed to maximising employee development, providing training and other tools that ensure professionals are equipped with the necessary independence to make decisions. (1) Not including LOOM employees. 27.8 Average years of management team experience Excellence MERLIN is made up of a team of top-class professionals who are highly-skilled and experienced professionals and deliver distinctive insight. This applies particularly to the management team. Productivity MERLIN has established itself as the REIT with the highest GAV ratio per employee in all Europe, which is, moreover, 2.5 times the European average, consistent with its philosophy of growth and efficiency. 65.0 M€ GAV/employee (1) 35.3% of employees have opted to receive Company shares as compensation in kind Commitment MERLIN’s professionals are solidly committed to its business project, as is borne out, for example, by the high percentage of employees who have opted to receive a part of their compensation in the form of Company shares. 93.6% of employees have received training Independence MERLIN’s professionals are noted for their proactivity and responsibility and are equipped with the necessary skillsets and independence to make decisions.