Press release – Neuilly-sur-Seine, October 8, 2024 – 8.00 am
ARGAN sold to Invesco Real Estate its datacentre
located in Wissous and thus successfully finalized
its assets sales program for 2024
ARGAN, the only listed French real estate company specializing in the development and rental of PREMIUM warehouses and leading player on its market, announced today the sale of its datacentre in Wissous (91) to Invesco Real Estate for a surface of more than 22,000 sq.m.
This PRIME asset is entirely rented to Cyrusone. The transaction was settled at a price of €59 million excluding duties, in line with the appraised value as at June 30, 2024.
Following the sale of an 18,000 sq.m warehouse near Caen1, this second operation thus finalized ARGAN’s 2024 asset sales program in a total amount of €77 million, in line with the announced target for the year.
Additionally, these two assets sales reflect a combined yield at the level of the French PRIME rate, testifying to the quality and appeal of the warehouses part of ARGAN’s portfolio, located in very demanded areas.
The cash generated by 2024 assets sales is part of the Group’s broader aim to
self-finance its development and to pursue its debt reduction.
Argan was assisted by CBRE and the Jubault Notarial Office for the transactional aspects.
2025 financial calendar (Publication of the press release after closing of the stock exchange)
About ARGAN
ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market. Building on a unique client-tenant-centric approach, ARGAN builds pre-let PREMIUM warehouses for blue-chip clients and supports them throughout all project phases from the development milestones to the rental management.
Profitability, tight control over our debt and sustainability are at the heart of ARGAN’s DNA. Its strongly proactive ESG policy has very concrete results with our Aut0nom® concept, the “in-use” Net Zero warehouse.
As at June 30, 2024, our portfolio represented 3.6 million sq.m, across about a hundred warehouses, exclusively located in the continental part of France, and this portfolio was valued €3.8 billion for a yearly rental income of about €200 million.
ARGAN is a listed real estate investment company (French SIIC), on Compartment A of Euronext Paris (ISIN FR0010481960 - ARG) and is included in the Euronext SBF 120, CAC All-Share, EPRA Europe and IEIF SIIC France indices.
www.argan.fr
| Francis Albertinelli – CFO Aymar de Germay – General Secretary Samy Bensaid – Head of Investor Relations Phone: +33 1 47 47 47 40 E-mail: contact@argan.fr www.argan.fr |
Marlène Brisset – Media relations Phone: +33 6 59 42 29 35 E-mail: argan@citigatedewerogerson.com |
1 For more information, please refer to the press release of July 1, 2024.
Attachment
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。