MERLIN Properties launches 10% capital increase to fund major data center expansion

MERLIN Properties SOCIMI SA ( (ES:MRL) ) just unveiled an announcement.

MERLIN Properties has approved a capital increase of up to 56.3 million new shares, around 10% of its share capital, to fund Phase III of its 412 MW data center plan. The new shares, identical in class to existing stock, will be issued for cash without pre‑emptive rights and placed exclusively with qualified investors through an accelerated bookbuild.

Major shareholders Banco Santander and Nortia have irrevocably committed to subscribe new shares pro rata to their current holdings, and all three parties, including MERLIN, will observe a 60‑day lock‑up after closing. The new shares are expected to begin trading on Spanish stock exchanges by late March 2026, with a subsequent listing on Euronext Lisbon, underscoring MERLIN’s strategic push into large‑scale digital infrastructure and its effort to broaden its institutional investor base.

The most recent analyst rating on (ES:MRL) stock is a Buy with a EUR16.50 price target. To see the full list of analyst forecasts on MERLIN Properties SOCIMI SA stock, see the ES:MRL Stock Forecast page.

More about MERLIN Properties SOCIMI SA

MERLIN Properties SOCIMI, S.A. is a Spanish real estate investment company focused on property assets and increasingly on digital infrastructure. The company is developing a sizeable data center platform, positioning itself at the intersection of traditional real estate and high‑growth technology‑driven demand.

Average Trading Volume: 1,289,548

Technical Sentiment Signal: Strong Buy

Current Market Cap: €7.67B

Learn more about MRL stock on TipRanks’ Stock Analysis page.