Merlin Properties SOCIMI S A : sells a portfolio of 30 supermarkets for €110 million
December 23, 2021 at 09:37 am EST
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Disposals in 2021 amount to €227 million, exceeding the divestment plan for the year
Madrid, 20 December- MERLIN Properties has formalized an agreement with Realty Income to sell a portfolio let to Caprabo for an amount of €110 million.
The portfolio comprises 30 supermarkets located in Catalonia, with a total GLA of 55,388 sqm, and represents the largest supermarkets transaction in Spain in 2021.
With this transaction, MERLIN successfully exceeds its assets rotation target for the year, established in € 150 million. Throughout 2021, the Company has sold assets for a total amount of €227 million at a 5.7% premium to GAV, including the supermarkets portfolio, 1 retail unit, the minority stake in 1 hotel, 3 non-core logistics assets, 1 office building in Madrid, 1 BBVA branch, 2 supermarkets and the Aedas stake.
About MERLIN Properties
MERLIN Properties SOCIMI, S.A. (MC:MRL) is the largest real estate company trading on the Spanish Stock Exchange and Euronext Lisbon. Specialized in the acquisition and management of commercial property in the Iberian region. MERLIN Properties mainly invests in offices, shopping centers and logistics facilities, within the Core and Core Plus segments, forming part of the benchmark IBEX-35, Euro STOXX 600, FTSE EPRA/NAREIT Global Real Estate, GPR Global Index, GPR-250 Index, MSCI Small Caps and DJSI indices.
Please visitwww.merlinproperties.com to learn more about the company.
For further information please contact:
Nuria Salas, nsalas@tinkle.es, +34 629 56 84 71
Sarah Estébanez, sestebanez@tinkle.es, +34 636 62 80 41
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MERLIN Properties SOCIMI SA published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 14:36:09 UTC.
Merlin Properties SOCIMI, S.A. is a listed Real Estate Investment Trust (REIT). The Company acquires, actively manages, invests and selectively rotates commercial real estate assets in Spain and Portugal.
Rental income breaks down by type of asset between offices (53.6%), shopping centers (26.4%), logistics sites (16.9%) and other (3.1%).
In 2023, the asset portfolio of Merlin Properties SOCIMI, S.A. was worth EUR 11.3 billion and generated EUR 475.6 million of rental income.
The company aims to remunerate the shareholders through a combination of annual dividend distribution and value enhancement of the EPRA NAV of the Company.