ARGAN : Yes, old warehouses have a future, here is the proof
22 März 2023 - 5:45PM
ARGAN : Yes, old warehouses have a future, here is the proof
Do old warehouses have a future? This is
the question ARGAN tried to answer in its corporate magazine in
2021. Two years later, the real estate company specialising in the
development and rental of premium warehouses gave a concrete answer
to the question by carrying out the complete restructuring of two
logistics sites dating from the 1980s and 1990s. These sites are
located in the heart of two metropolis, one in Lens in the north of
France and the other in Rognac, near Marseilles. These two projects
are fully in line with the French regulatory constraints on land
use.
In 2021, ARGAN bought two logistics sites in
operation for more than 30 years, one in Lens and the other in
Rognac, near Marseilles, through the joint-venture SCI CARGAN LOG
set up with CARREFOUR.
Less than two years later, the two sites have
been refurbished and renovated, brought up to the latest
standards.
The Rognac site is ideally located a few minutes
from Marseilles via the A7 motorway, in the heart of a historic
industrial and logistics zone. With a surface of 22,700 sq m,
the building is rented by two operators: GROUPE PAC and
PORTMANN.
Specialist in equipment and consumables for the
tyre service, GROUPE PAC rents 15,300 sq m under a 12-year
lease. The PAC Group integrates four companies specialised in the
distribution of garage equipment.
The second tenant, PORTMANN, is an independent
logistics operator operating all across France. PORTMANN operates
over 7,400 sq m.
The office block, of almost 1,500 sq m, has
been completely renovated. A 300 sq m showroom also allows the
PAC GROUP to display its products and receive its customers
directly on the Rognac site. The roads and facade have been
renovated, as well as the fire safety systems, which were
obsolete.
The Lens site also benefits from a prime
location, in the heart of a metropolis of 250,000 inhabitants. The
immediate proximity of the A21 motorway provides an easy access to
the northern region of France (Hauts-de-France). With a surface of
27,700 sq m, the site, which has also been refurbished, is
rented by PARAGON SUPPLY SERVICES under a 9-year firm lease
contract. PARAGON is specialised in the logistical distribution of
customised products (B2B and B2C).
Major renovation work was also carried out on
the Lens building. The roof was completely waterproofed. The
roadways, facades, dock doors and levellers were renovated. Inside
the building, all the lighting was changed to LED.
Jean-Claude Le Lan, Chairman of the ARGAN
Supervisory Board, comments : "The circular economy is everywhere
today. Our credo was to make a modern project out of old buildings
by investing €15 million in major renovation work and bringing
these two sites up to current standards in an ideal location. The
successful and rapid full rental of these two sites is the best
proof of the relevance of this type of project. In an increasingly
constrained environment, bringing class B or C buildings up to the
latest standards is a response to the high constraints on land use
that concern us all today ».
Financial calendar 2023 (Press release to be
issued after the stock exchange)
- 23rd March : General Meeting
- 3rd April : Turnover for the 1st quarter 2023
- 3rd July : Turnover for the 2nd quarter 2023
- 19th July : Half-yearly results 2023
- 2nd October : Turnover for the 3rd quarter 2023
About Argan
ARGAN is the only French real estate company
specialized in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on EURONEXT. As of 31st December 2022, ARGAN’s portfolio
amounted to 3.5 million sqm, comprising approximately 100
warehouses located exclusively in France, valued at €4.0 billion.
ARGAN is listed on Compartment A of Euronext Paris (ISIN
FR0010481960 - ARG) and is included in the CAC All-Share, IEIF SIIC
France and EPRA Europ indices. The company opted for the listed
real estate investment companies (SIICs) tax regime since 01st July
2007.www.argan.fr
Francis
Albertinelli - Directeur Administratif et Financier Aymar de Germay
– Secrétaire généralTél : 01 47 47 05 46 E-mail :
contact@argan.frwww.argan.fr |
Aude Vayre – Relations
presseTél : 06 14 64 15 65E-mail :
argan@citigatedewerogerson.com |
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