MERLIN Properties Annual Report 2021

30 | Annual Report | 2021 MERLIN continues expanding its logistics footprint through the developments / WIP program in logistics. As of 31 st December 2021, main assets under Best II and III plans are the following: Best II (as from 31/12/2021) Best III (as from 31/12/2021) (1) Reclassified as part of the existing stock BEST II & III PLANS (LOGISTICS) GLA (sqm) ERV (€m) Investment (€m) ERV YoC Delivered (1) 107,690 Valencia-Ribarroja 34,992 1.9 26.3 7.2% Sevilla ZAL WIP A 27,528 1.4 11.9 12.0% Lisbon Park A 45,171 2.1 29.5 7.1% In progress 15,122 Sevilla ZAL WIP 15,122 1.6 18.0 9.0% Landbank 375,189 Lisbon Park 179,693 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 498,002 24.9 314.9 7.9% GLA (sqm) ERV (€m) Investment (€m) ERV YoC Delivered (1) 255,660 A4-Pinto II 29,473 1.2 13.7 8.6% A2-Cabanillas III 21,879 0.9 11.8 7.8% A2-Cabanillas Park I F 20,723 0.9 10.8 7.9% A2-Cabanillas Park I G 22,506 0.9 13.5 6.9% A4-Seseña 28,731 1.2 15.5 7.7% A2-Azuqueca II 98,757 4.4 54.7 8.1% A2-San Fernando II 33,592 1.9 22.1 8.5% In progress 117,891 A2-Cabanillas Park II A 47,403 2.1 25.7 8.1% A2-Cabanillas Park I H-J 70,488 2.9 42.5 6.9% 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%