Merlin Properties SOCIMI, S.A. is the largest real estate company listed on the Spanish stock exchange, and its main line of business is the acquisition and management of commercial property assets in Spain and Portugal. It is traded on the IBEX-35 stock market index and has assets totaling €6,050 million; on 3 March 2016 its market capitalization stood at €3,200 million.
The company’s main activity is the acquisition, management, operation, and selective rotation of prime commercial property assets in the core and core plus investment segments in Spain, and to a lesser extent in Portugal. Merlin focuses on the office, retail, logistics, and leased urban hotel markets. Shareholder returns are driven by annual distribution of dividends and value creation through increases in the company’s EPRA NAV.
In his interview with Deloitte Partner Alberto Valls, Ismael Clemente, Founding Partner and Chairman of Merlin Properties, talks about his company and shares his views on the real estate market.
REflexions issue 3 - April 2016
REflexions is a bi-annual digest, dedicated to the real estate investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.