Merlin Properties Socimi, S.A. and Edged Energy Partner to Build Four Ultra-Efficient Data Centers Across the Iberian Peninsula
April 06, 2021 at 10:00 am EDT
Share
MERLIN Properties SOCIMI, S. A announced a long term, multi-phase strategic partnership with Edged Energy devoted to net zero digital infrastructure, to build a major network of ultra-efficient, waterless data centers in the cities of Madrid, Bilbao, Barcelona and Lisbon, within MERLIN's existing land bank. Both MERLIN and Edged Energy are fully committed to the green building principles. Each of the initial four data centers will consume zero water for cooling, have a guaranteed Power Utilization Effectiveness (PUE) of 1.15 annually, and use 67% less energy for cooling and overhead systems than average European data centers, which the Uptime Institute estimates to have a PUE of 1.46.
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.