ARGAN sold to Invesco Real Estate its datacentre located in Wissous and thus successfully finalized its assets sales program for 2024
October 08 2024 - 2:00AM
UK Regulatory
ARGAN sold to Invesco Real Estate its datacentre located in Wissous
and thus successfully finalized its assets sales program for 2024
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)
- January 3: Net sales of 4th quarter 2024
- January 16: Annual results 2024
- March 20: General Assembly 2025
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
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1 For more information, please refer to the press release of
July 1, 2024.
- 20241008 - Argan finalized its 2024 assets sales program
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