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Merlin Properties

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Merlin Properties
Company type
Public REIT
BMAD{{{2}}}
ISINES0105025003
IndustryReal estate
RevenueDecrease €541.9 million (2025) [1]
Decrease €786.1 million (2025)[1]
Total assetsIncrease €12.63 billion (2025)[1]
OwnerBanco Santander, Nortia, and BlackRock
Number of employees
239 (2023) Edit this on Wikidata

MERLIN Properties SOCIMI, S.A. is a Spanish real estate investment trust (REIT) focused on the acquisition and management of commercial assets in the Iberian Peninsula. The company operates primarily in the office, shopping center, logistics, and data center segments.

The company is a constituent of several stock market indices, including the IBEX 35, STOXX Europe 600, FTSE EPRA/NAREIT, and the Dow Jones Sustainability Index (DJSI).

Founded in 2014 by former Deutsche Bank executives, the firm expanded its portfolio through the acquisition of Testa from Sacyr in 2015 and the integration of Metrovacesa's commercial assets in 2016.

Board of Directors

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The company's Board of Directors consists of the following members:[2]

Board of Directors
Position Name
Chairman of the Board José Luis de Mora Gil-Gallardo
CEO and Vice Chairman Ismael Clemente
Executive Director - COO Miguel Ollero
Independent Director Donald Johnston
Independent Director María Luisa Jordá
Independent Director Fernando Ortiz
Proprietary Director Francisca Ortega Hernández-Agero
Independent Director Pilar Cavero Mestre
Independent Director Juan María Aguirre Gonzalo
Proprietary Director Fernando López Muñoz
Independent Director Inés Archer-Toper
Proprietary Director Julia Bayón Pedraza
Secretary (Non-Director) Mónica Martín de Vidales
Deputy Secretary (Non-Director) Ildefonso Polo del Mármol

Management team

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The company's management team consists of the following members as of 2024:[3]

Management Team
Position Name
CEO / Vice-Chairman Ismael Clemente
COO / Corporate General Manager Miguel Ollero
Director Francisco Rivas
Director Luis Lázaro
Director Miguel Oñate
Director Fernando Ramírez
Director Inés Arellano
Director Manuel García Casas
Director Fernando Ferrero
Director José Navarro

References

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  1. ^ a b c Merlin Properties (2026). "Relevant financial data" (in Spanish).
  2. ^ "Members of the Board of Directors". Merlin Properties. Retrieved 28 April 2026.
  3. ^ "Management Team". MERLIN Properties IR. Retrieved 28 April 2026.
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