Ismail ClementeThe CEO of Merlin Properties, one of the two real estate companies on the Ibex-35, is calling for a deal between PP and PSOE. “Next elections I would very much like to have a country project agreed between the two major parties., both push in the same direction. We have to govern Spain with an economic mindset,” he said for the media group.
He gave the example of the manager. Portugala leftist government implements liberal measures in the economy. “Portugal, unlike Spain, fell into the abyss in the previous crisis, but just as it was about to collapse, the European Union lifted it. But it learned a lesson from the misfortune. Spain, on the other hand, remained on the brink of the abyss.” At the event organized by ‘activos’ and El Periódico Extremadura, sponsored by the Spanish Film Commission and JTI, Clemente said this Wednesday, although we did not draw any conclusions from what we went through, we got out of the cliff and managed to avoid being rescued.
The CEO of Extremaduran-based Merlin pointed out that the economy of this community is “better than in recent years”. “Energy is the biggest difference factor Extremadura has and this should attract all electro-intensive industries that have an opportunity here,” he added. Clemente set an example industries such as tile or steel processingthey will have competitive advantage if they operate in the region.
economic uncertainty
Ismael Clemente believes that although there is uncertainty in the financial markets, it is not transferred to the individual:It will come sooner or later, although it takes longer in individuals. For now, consumption is not slowing down and is over 2019. “People are consuming as if there is no tomorrow, and this is seen in tourism, in restaurants,” he said.
The Merlin CEO predicts that the recessive cycle will come as soon as the monetary supply in Europe begins to decline. “Central banks are conducting an experiment in monetary policy with the aim of curbing demand, but without going into a recession. There’s been an expanding money supply over the last 20 years, and when that changes things will be different.. “Unfortunately, what will happen in the coming months will not be dictated by us because it is decided by what happens in France and Germany in Europe.”
The Future of Merlin Properties
Clemente explained Merlin Properties’ seven-year future plans to 2030: “55 percent of our revenue will come from what we call the digital economy, logistics assets and data centers. The remaining 45% will be rents. from offices and shopping malls. for the moment logistics only accounts for 20% of our income statement and is zero because data centers are under construction. We will gradually move from the analog economy to the digital economy.“.
The CEO denied that Merlin would be involved in a corporate operation in the coming months or years: “There are four companies in Spain that are constantly trading on the market. It is very difficult to have such corporate operations.. For example, a hypothetical merger with Colonial wouldn’t be good for us because when what we’re growing is our data center and logistics leg, it’s diluting as well as leading to 80% weight in our office portfolio.”
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.