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Merlin will focus on current portfolio in 2020
07 February 2020 | Ana Tavares

Merlin Properties announced it should not make new acquisitions in Spain this year, focusing on managing its current portfolio, which includes Operación Chamartín.

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Last year the REIT became a shareholder of Distrito Castellana Norte, following an agreement with San José. According to director Ismael Clemente, Operación Chanartín alone «will guarantee us activity for the next 40 years».

Merlin’s idea is to become one of the society’s major shareholders, so as to «provide the project with future economic viability from a commercial, instead of urban, point of view, since our goal, we never concealed it, is to remain forever», quoted EjePrime.