MERLIN Properties Annual Report 2023

| 67 Outlook R&D&I activities In the absence of externalities, occupancy levels in the three main asset classes (offices, logistics and shopping centres) are expected to be maintained, while rents will continue to benefit slightly from inflation as leases are indexed to the CPI. Three data centers were delivered during the year: • MAD-GET: 3MW of installed IT capacity out of a total of 20MW • BCN-PLZF: 3MW of installed IT capacity out of a total of 16MW • BIO-ARA: 3MW of installed IT capacity out of a total of 24 MW Further progress in equipment is expected during 2024 to reach 33MW installed by the end of the year. In relation to R&D&I activities and other innovative initiatives, MERLIN is committed to offering its tenants and users the highest quality comprehensive service, beyond the asset management itself, integrating the most innovative solutions in its assets to maximize the user experience. In line with this philosophy, during the last year MERLIN has continued to focus on improving the quality of life of users in its assets. In addition, MERLIN remains committed to LOOM flexible workspaces as a solution to the hybrid work model. During the year, MERLIN has continued to promote numerous technological projects to place MERLIN at the forefront of solutions for its customers and internal management. These include the office building sensorization program, the energy consumption reading project, the photovoltaic self-consumption project and the development of different user experience apps.