Merlin Properties is closing an “extraordinary” 2022, in the words of its CEO, Ismael Clemente. Socimi listed on Ibex-35 Received rental income of 452.8 million euros, 7.3% more than in 2021Not taking into account the contribution of BBVA branches, which it resold to the financial institution for 1.987 million in June in the biggest real estate transaction of the year in Spain.
real estate agent 290 million operating profitwithout taking into account the change in the value of the real estate portfolio, lost 1.5% during the year Due to the rise in interest rates and increased demands for returns on assets. “We compensated for the 40 basis point drop in value with rent increases,” the CEO said during the presentation of the annual results. Its net profit was 263 million, about half of 2021.
What will happen in 2023?
there is a company It is planned to invest between 300 and 350 million in 2023. Around 200 million euros will be allocated to the data center program (data centers), which consists of the construction and development of four properties in Spain and Portugal. The remainder of the amount is distributed between logistics and a hypothetical corporate contribution of close to 30 million to Crea Madrid Nuevo Norte, one of its investments from Adif that will buy the former Operation Chamartín land.
throughout this year It does not plan to make major divestitures due to adverse market conditions., almost no action is taken in it. As during the Covid-19 months, they plan to maintain recovery rates in assets to avoid stalling. In addition, Merlin is open to purchase the commercial space that El Corte Inglés has put up for sale in Merlin’s hands at the Marineda City Mall in A Coruña.