ARGAN delivered a 9,000 sq.m cross-dock fulfillment centre in Lens

Core Insights - ARGAN has completed a new 9,000 sq.m cross-dock fulfillment center in Vendin-le-Vieil, strategically located in a major logistics hub in the Lens area, under a firm 12-year lease with a leading international transport and logistics group [2][4] Group 1: Strategic Location - The fulfillment center is built on a 7-hectare site adjacent to an existing ARGAN property operated by CARREFOUR SUPPLY CHAIN, providing a prime geographic position close to Lens and direct access to the A21 highway and National Route 47 towards Lille [2] - The location is ideal for fulfillment and urban distribution activities, benefiting from proximity to a population of over 250,000 inhabitants [5] Group 2: Facility Features - The facility includes a 7,400 sq.m cross-dock hall with 71 loading bays, facilitating efficient circulation of goods, and a two-story office space of 1,200 sq.m [3] - ARGAN has installed a 150 kWp rooftop solar power plant to supply part of the tenant's electricity needs, aligning with its commitment to sustainability [3] Group 3: Long-term Commitment - The 12-year lease agreement with the tenant indicates a long-term commitment to the development and operational sustainability of the facility [4] Group 4: Market Alignment - The new development is aligned with the growing demand for fulfillment centers driven by the rise of e-commerce, positioning ARGAN favorably within the logistics market [5] Group 5: Company Overview - ARGAN is a leading French real estate company specializing in the development and rental of premium warehouses, with a portfolio of 3.7 million sq.m valued at €4.0 billion, generating over €210 million in annual rental income as of June 30, 2025 [6][7] - The company holds an investment-grade rating (BBB- with a stable outlook) from Standard & Poor's, reflecting its financial solidity and commitment to sustainability [8]