MERLIN Properties makes its first acquisition in Lisbon
MERLIN Properties has formalized its first investment in Portugal through the acquisition of an office building in Lisbon for an amount of 18 million euros.
The office building, located in the Expo area, has a gross leaseable area (GLA) of 6,740 sqm and is fully let to Novabase, a leading IT services provider.
MERLIN Properties recorded consolidated IFRS net earnings of 19.6 million euros
MERLIN Properties has released its 1Q 2015 consolidated financial statements, with total revenues of €32.5 million, EBITDA of €29.7 million and net profit of €19.6 million, in accordance with IFRS. Taking into account EPRA standards, 1Q 2015 EPRA earnings were €22.2 million.
MERLIN Properties successfully completes its capital increase
• The capital increase has been executed through the issuance of 64,605,999 new shares, amounting to gross proceeds of approximately 613.7 million euros. The new shares will start trading on May 12th.
• Investors have placed orders for shares for a total amount of 851,448,993 new shares (64,481,098 in the preemptive subscription period and 786,967,895 shares in the additional shares allocation period), resulting in an oversubscription of 13.2 times.
MERLIN PROPERTIES ANNOUNCES €613.8 MILLION CAPITAL INCREASE
MERLIN Properties SOCIMI, S.A. (the “Company” or “MERLIN”) informs that its Board of Directors, at a meeting held on April 15, 2015, pursuant to the authorization granted by the Ordinary Shareholders’ Meeting of MERLIN of April 1, 2015, has adopted a resolution to increase the share capital of MERLIN by a total nominal amount of 64,605,999 euros by the issue and placing in circulation of 64,605,999 new ordinary shares, each with a par value of one euro (€1), of the same class and series as those currently in circulation and represented by book entries (the “New Shares” and the “Capital Increase”, respectively). The New Shares shall confer on the holders thereof the same rights as the shares currently in circulation since the entry thereof in the accounting records of Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (“IBERCLEAR”).
La Junta de Accionistas de MERLIN Properties aprueba la gestión y las cuentas del ejercicio 2014
La Junta General de Accionistas de MERLIN Properties ha aprobado hoy la gestión y los resultados del ejercicio 2014. La compañía ha obtenido así el respaldo mayoritario de los accionistas, que aprobaron también las propuestas de autorización de ampliación de capital formuladas por el Consejo de Administración.
MERLIN Properties makes two new acquisitions in March
MERLIN Properties Socimi, S.A., (“MERLIN Properties”) (MC:MRL), one of the largest real estate companies listed on the Spanish Stock Exchange, specialized in the acquisition and management of commercial real estate in the Iberian region, has announced today the acquisition of two assets completed in March 2015. These acquisitions represent an investment of 57.9 million euros, an equity disbursement of 36.9 million euros, and add aggregate rental income of 3.4 million euros to MERLIN’s portfolio of properties.
MERLIN Properties estimates a distribution of at least 60 million euros in cash to its shareholders for FY2015
MERLIN Properties estimates a cash distribution of over €60 million for 2015 financial year, as notified by the company to the CNMV (Spanish Stock Market Authority). This remuneration, which will be paid fully in cash, will amount to over €0.45 per share, distributed partly as a dividend and partly as a share premium refund.