MERLIN Properties Annual Report 2023

28 | Annual report | 2023 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 16% in 2024, 21% in 2025 and 17% in 2026 LEASE MATURITY PROFILE Total take-up amounts to 38,672 sqm out of which 23,562 sqm correspond to new contracts and 15,111 sqm renewals. Exits amounted to 24,533 sqm, and therefore the net take-up is negative by 971 sqm. Main contracts signed in FY23 are the following: The release spread achieved in the contracts renewed or relet in the period amounts to 12.1% SHOPPING CENTERS Asset Tenant G.L.A. (sqm) Porto Pi Casino de Mallorca 2,740 Arenas Mercadona 1,916 Larios Bershka 1,291 X-Madrid Climbat 891 Saler Kiabi 847 La Vital Mango 844 Marineda Totoro Sushi 827 Almada New Yorker 805 Marineda Conforama 785 X-Madrid Ducati 765 Porto Pi Massimo Dutti 761 Artea Pull&Bear 718 >2028 2027 2026 2025 2024 Offices Shopping centers Other Logistics 16% 21% 17% 12% 34% Total 7% 2% 7% 6% 3% 11% 4% 3% 10% 2% 4% 6% 4% 4% 3% 23%