Core Viewpoint - ARGAN has commenced construction of a new Aut0nom® warehouse for NORTENE HOME DEPOT, highlighting a long-term partnership and commitment to sustainability in the logistics sector [1][4][5]. Company Overview - NORTENE HOME DEPOT is a leading player in the DIY and gardening sector with over 50 years of experience, operating under the CATRAL group with six subsidiaries in Europe [2]. - The company distributes its products through approximately 4,000 selling points in France, including gardening stores, farming cooperatives, and online platforms [2]. Project Details - The new warehouse, located in Louailles, will cover an area of 18,000 square meters and is strategically positioned about 30 kilometers from NORTENE's headquarters [2][3]. - A 12-year fixed-term lease has been established between ARGAN and NORTENE, indicating mutual trust and long-term project prospects [4]. Sustainability Features - The Aut0nom® warehouse will feature a photovoltaic power station with a capacity of 300 kWp and energy storage batteries of 200 KWh, ensuring the site meets its lighting and heating needs sustainably [6]. - The project aims to reduce CO2 emissions by a factor of 10, with any remaining emissions offset through a reforestation program [6]. Financial and Operational Insights - As of December 31, 2024, ARGAN's portfolio includes 3.7 million square meters of warehouses, valued at €3.9 billion, generating an annual rental income of approximately €205 million [9]. - ARGAN is recognized for its financial stability, holding an investment-grade rating of BBB- with a stable outlook from Standard & Poor's [10].