Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of real estate investment trust (REIT). The Company focuses on the acquisition, management and rental of commercial properties located in the Iberian Peninsula, primarily in Spain. The Company's activities are divided into six segments: Office buildings, operating a portfolio of office space; High-street retail, leasing retail stores; Shopping centers, managing department stores; Logistics, operating logistics warehouses and distribution centers; Hotels, leasing hotel buildings, and Other, including residential real estate rental. The Company controls a number of subsidiaries, such as Tree Inversiones Inmobiliarias SOCIMI SAU, MPEP - Properties Escritorios Portugal SA, Testa Inmuebles en Renta SOCIMI SA and Obraser SA.