 | |
 Headquarters in Madrid, Spain. | |
Company type | REIT (REAL Estate Investment Trust) |
|---|---|
| BMAD: {{{2}}} IBEX 35 component | |
| ISIN | ES0105025003 |
| Industry | Real Estate |
| Founded | 2014 |
| Headquarters | Madrid, Spain |
Key people | José Luis de Mora Gil-Gallardo |
| Revenue |  €541.9 million (2025) 1 |
| €786.1 million (2025)1 | |
| Total assets |  €12.63 billion (2025)1 |
| Owner | Banco Santander, Nortia, and BlackRock |
Number of employees | 295 (2025)  |
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, GPR Global Index, GPR-250 Index, MSCI Small Caps indices and the Dow Jones Sustainability Index (DJSI).
History
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
The company's Board of Directors consists of the following members:2
| 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
The company's management team consists of the following members as of 2024:3
| Position | Name |
|---|---|
| CEO / Vice-Chairman | Ismael Clemente |
| COO | 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
References
- Merlin Properties (2026). "Relevant financial data" (in Spanish).
- "Members of the Board of Directors". Merlin Properties. Retrieved 28 April 2026.
- "Management Team". MERLIN Properties IR. Retrieved 28 April 2026.