Pursuing its “Tour de France”, ARGAN just signed two new leases in future state of completion in Tours and Béziers
23 Outubro 2024 - 12:45PM
UK Regulatory
Pursuing its “Tour de France”, ARGAN just signed two new leases in
future state of completion in Tours and Béziers
Press release – Neuilly-sur-Seine, October 23, 2024
– 5.45 pm
Pursuing its “Tour de France”, ARGAN just
signed two new leases in future state of completion in Tours and
Béziers
ARGAN, real estate
company specializing in the development and rental of PREMIUM
warehouses, announced today that it just signed
two new leases in future state of completion for two “turnkey”
logistics real estate projects in Tours and Béziers for a total
surface of
14,000 sq.m.
Two projects to be delivered in 2026 for
a global investment amount of €18 million
The first project will consist in a new cold
storage logistics site of 8,200 sq.m that will welcome an
agri-food company, as part of a long-term 9-year lease. This new
development is localized along the A10 highway, a few kilometres at
the south of Tours.
Further south, ARGAN has also signed, the same
week, another lease in future state of completion for the
development of a 5,700 sq.m site in Béziers. It will be
operated by a player of the logistics and transportation sector.
This site is in the booming Commercial Area (French ZAC) of
“Béziers Ouest”.
ARGAN is thus pursuing its development with two
ideally located new buildings, with a direct access to highway
interchanges and at the heart of urban areas of more than
100,000 inhabitants. A few days after announcing the delivery
of an XXL site of 82,000 sq.m in size in the Normandie region,
ARGAN is demonstrating once again its ability to deliver all types
of logistics buildings.
These two projects, as for all new developments
by ARGAN, will be labelled Aut0nom®. They will be equipped with a
photovoltaic power station installed on the roof, coupled with
batteries for energy storage. Heating and cooling of the sites will
be ensured with electric heat pumps that will advantageously
replace traditional gas boilers that are far more
CO2-intensive and have a limited energy-efficiency. All
this equipment will be monitored by a Building Management System
that will enable future clients to follow in real time their energy
consumption and to adapt it to perfectly match their needs.
Together, these two new projects represent a
global envelope of €18 million in investments for ARGAN, which
has thus secured about €75 million of investments for
2025-2026.
A potential of 500,000 sq.m in
additional buildable area
Ronan Le Lan, Chairman of ARGAN’s Executive
Board: “Upstream work deployed by ARGAN’s teams, in close
collaboration with local officials, has helped create the
favourable conditions to sign these two new projects. Tomorrow’s
development is prepared now, particularly by securing well located
real estate areas on growing markets. Today, ARGAN owns a potential
of 500,000 sq.m in additional buildable area split between
land reserves on its existing assets and a dozen of sites with
administrative authorizations and therefore ready to welcome our
future development projects.”
2025 financial calendar (Publication of the
press release after closing of the stock exchange)
- January 3: Net sales of 4th quarter 2024
- January 16: Annual results 2024
- March 20: General Assembly 2025
About ARGAN
ARGAN is the only French real
estate company specializing in the DEVELOPMENT & RENTAL OF
PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of
its market. Building on a unique client-tenant-centric approach,
ARGAN builds pre-let PREMIUM warehouses for
blue-chip clients and supports them throughout all project phases
from the development milestones to the rental management.
Profitability, tight control over our debt and sustainability are
at the heart of ARGAN’s DNA. Its strongly
proactive ESG policy has very concrete results with our Aut0nom®
concept, the “in-use” Net Zero warehouse.
As at June 30, 2024, our portfolio represented 3.6 million sq.m,
across about a hundred warehouses, exclusively located in the
continental part of France, and this portfolio was valued €3.8
billion for a yearly rental income of about €200
million.
ARGAN is a listed real estate investment company
(French SIIC), on Compartment A of Euronext Paris (ISIN
FR0010481960 - ARG) and is included in the Euronext SBF 120, CAC
All-Share, EPRA Europe and IEIF SIIC France indices.
www.argan.fr
Francis Albertinelli – CFO
Aymar de Germay – General Secretary
Samy Bensaid – Head of Investor Relations
Phone: +33 1 47 47 47 40
E-mail: contact@argan.fr
www.argan.fr |
Marlène Brisset – Media relations
Phone: +33 6 59 42 29 35
E-mail: argan@citigatedewerogerson.com
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