Merlin Properties SA, also known as Merlin Properties SOCIMI SA and Merlin Properties, is a Spain-based real estate investment trust (REIT). The REIT aims at conducting investments in offices, shopping centers, industrial and logistics facilities and urban hotels. It operates mainly in the Iberian Peninsula, primarily in Spain, acquiring and managing the commercial property in the Core and Core Plus segments in the Iberian region. The REIT is focused on generating recurring return to shareholders through value enhancement of the portfolio of current and future assets. Merlin properties is focused on office and retail properties, located in the centers of the cities, acquired in Mardid, Barcelona, among others. As of June 9, 2014 the REIT was a wholly-owned subsidiary of MAGIC Kingdom.