ARGAN accelerates with the acquisition of three new premium sites leased to FERRERO and PUMA

Core Insights - ARGAN is accelerating its investment momentum with the acquisition of three new logistics sites leased to FERRERO and PUMA, totaling nearly 100,000 sq.m, scheduled for delivery in the first half of 2026 [1][2][3] Group 1: Acquisition and Leasing Details - The first site, developed for PUMA, is located near Strasbourg in the Vendenheim logistics zone, covering 42,000 sq.m, with a firm nine-year lease commitment [2] - The two additional sites for FERRERO are in Normandy, with one in Cléon (34,000 sq.m) and another in Barentin (20,000 sq.m), both under long-term leases with firm 10-year commitments [3] Group 2: Investment Strategy and Financials - ARGAN's investment program for 2026 is particularly strong, with €165 million allocated for premium assets, including the three new sites, and €140 million scheduled for delivery in the first half of the year, yielding an average of 6% [5] - As of June 30, 2025, ARGAN's portfolio consists of 3.7 million sq.m valued at €4.0 billion, generating over €210 million in annual rental income [9] Group 3: Strategic Positioning and Future Outlook - The new projects are located in strategic logistics hubs connected to major French highway networks, enhancing operational performance and supporting tenant growth [4] - ARGAN aims to deliver next-generation warehouses aligned with modern logistics demands, showcasing its ability to attract major clients like FERRERO and PUMA [7][6]