By Reuters Staff Feb 25 (Reuters) - Merlin Properties Chief Executive Ismael Clemente says: * OUR DIVESTMENT BUDGET WILL BE 150-200 MILLION EUROS IN 2021, NO MORE SO AS NOT TO HURT FIRM’S RETURN ON EQUITY * WE EXPECT SMALL LOSS IN OFFICE OCCUPATION IN 2021 AS 15% OF OUR CONTRACTS WILL EXPIRE IN THE PERIOD * WE HAVE NO INTENTION OF SELLING BBVA OFFICES AS THIS PORTFOLIO WILL BENEFIT FROM REFLATION Source text for Eikon: Further company coverage: (Reporting by Clara-Laeila Laudette)