MERLIN Properties Annual Report 2021

26 | Annual Report | 2021 Total take-up amounts to 248,668 sqm, out of which 241,799 sqm correspond to new contracts and 6,869 sqm to renewals. Exits amounted 78,067 sqm, therefore net take-up amounts to positive 163,732 sqm. Main contracts signed in FY21 are the following: The release spread achieved in the contracts renewed or relet in the period amount to 4.0% Asset Tenant G.L.A. (sqm) A2-Azuqueca II Carrefour 98,757 Lisbon Park A Olicargo, Rangel & DB Shenker 45,171 A2-Cabanillas Park I G 4PX 22,506 A2-Cabanillas Park I F Truck and Wheel 20,723 Barcelona-PLZF Alfil Logistics 13,685 Sevilla ZAL Asmodee 5,849 A2-San Fernando II Grupo Mox 5,050 Sevilla ZAL Rhenus Logistics 4,320 Release spread # contracts Madrid +1.8% 5 Barcelona +11.0% 4 Other 0.0% 6 Total +4.0% 15 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 13% in 2022, 19% in 2023 and 14% in 2024. LOGISTICS >2026 2025 2024 2023 2022 Offices Shopping centers Logistics Net leases 13% 20% 16% 11% 40% Total 11.2% 31.1% 10.1% 23.6% 25.8% 24.3% 21.2% 16.1% 16.7% 11.4% 13.4% 13.5% 100% 31.6% 13.6% 35.4% LEASE MATURITY PROFILE