Rexel extended its presence within ARGAN’s portfolio

Core Insights - ARGAN has leased an additional 9,000 sq.m at its logistics site in Roissy-en-Brie, increasing the total leased area to 27,000 sq.m, which will be occupied by Rexel, a specialist in electrical equipment distribution [2][3] - The expansion of Rexel's space confirms the attractiveness of the logistics platform and the quality of the partnership with ARGAN, allowing Rexel to accommodate a subsidiary focused on low-current systems [2][3] - The Roissy-en-Brie site previously managed an inventory of approximately 25,000 product references and employed 70 staff members, with the new subsidiary adding 6,000 product references and 30 full-time equivalents [3] Company and Industry Overview - ARGAN is a leading French real estate company specializing in the development and rental of premium warehouses, with a portfolio totaling nearly 4 million sq.m and an appraised value of €4.1 billion [8][9] - The company emphasizes a customer-centric approach, developing energy-efficient warehouses for blue-chip companies and maintaining a strong focus on sustainability and ESG policies [8][9] - ARGAN's financial model is robust, reflected in its investment-grade rating (BBB- with a stable outlook) and recognition from third-party agencies for its sustainability efforts [9]