ARGAN strengthens its position in Lyon with a new 38,000 sq m logistics platform delivered to BUT
01 Juni 2023 - 5:45PM
ARGAN strengthens its position in Lyon with a new 38,000 sq m
logistics platform delivered to BUT
Press release
– Thursday 1 June
2023 – 5.45
PM
ARGAN
strengthens its position
in Lyon with a new
38,000 sq m
logistics platform
delivered to BUT
ARGAN,
developer and
landlord of premium
warehouses, has
just inaugurated
BUT's new
logistics site in Janneyrias
(38), a very
prime location on
Lyon's Eastern
Ring road and
next to Lyon-Saint
Exupéry Airport. With
this 38,000 sq
m building, ARGAN has
successfully completed
its first transaction
with BUT and
strengthened its
presence in a
sought-after
market.
Built by JMG Partners for ARGAN, this new site
is operated by BUT, a major French furniture retailer, under a
long-term lease of 9.5 years.
This new platform has been developed on a land
next to that occupied by the first logistics site operated by BUT
since 2015. This consolidation of logistics activities, previously
spread out between Janneyrias and Mions (69), about twenty
kilometres away, will generate synergies in terms of transport and
significant savings in CO2 emissions.
The platform, equipped with LED lighting with
presence and luminosity detectors, has also a photovoltaic plant on
the roof totally dedicated to the client.With this new investment,
ARGAN is strengthening its presence in a highly attractive
geographical area for prime logistics. In 2019, ARGAN developed an
initial 33,000 sq m site on the same business park for TEREVA.
Jean-Claude Le Lan, President of the Supervisory
Board of ARGAN, comments : « Janneyrias is a prime location,
with direct access to the Lyon ring road. For logistics, Lyon is a
highly attractive market, where the available supply is extremely
limited. It's a great opportunity to begin this new partnership
with a major company that is a leader in its market, and to
strengthen our presence in the Lyon region ».
Financial calendar
2023 (Press release to be issued after the stock
exchange)
- 3 July : Turnover for the 2nd quarter 2023
- 19 July : Half-yearly results 2023
- 2 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 s qm, 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
1st July 2007.
Francis
Albertinelli - CFO Aymar de Germay – General SecretaryPhone :
+33 1 47 47 05 46 E-mail : contact@argan.frwww.argan.fr |
Marlene Brisset – Press RelationsPhone : + 33 6 59 42 29
35E-mail : argan@citigatedewerogerson.com |
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- 20230601 - Inauguration BUT Janneyrias ENG
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