MERLIN Properties Annual Report 2021

12 | Annual Report | 2021 Positioning • Flexibility to offer multitenant or headquarter buildings. • Capacity to adapt to the needs of the tenant. • Excellent conditions of BBVA lease agreement triple net lease with 1.5x HICP annual uplift. 123 ASSETS 1,326k SQM € 6,416m GAV € 241m GRI Consolidación global (1) Participaciones minoritarias (2) 14 ASSETS 287k SQM € 1,775m GAV € 79m GRI • “One-stop-shop” solution for logistics operators wishing to operate across Spain. • Big footprint to match the rapid development of 3PL activity. Zal Port 48,5% 52 ASSETS 736k SQM € 63m GRI (3) 52 ASSETS 1,368k SQM € 1,324m GAV € 65m GRI WIP 7 ASSETS 722k SQM € 195m GAV € 34m GRI Existing (1) FY21. (2) Data for minority stakes are reported for 100% of the subsidiary. (3) Gross annual rent as of 31/12/21, pre ground lease expenses. • Mainly urban footprint in high GDP/ capita areas in Spain. • Critical mass with retail brands. 14 ASSETS 462k SQM € 2,200m GAV € 114m GRI Tres Aguas 50% 1 ASSET 68k SQM € 8m GRI #1 Offices #1 Net leases #1 Logistics Top 5 Shopping Centers