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Argan SA

Argan SA is a French real estate company focused on the development and rental of premium warehouses, and it is the leading player in its market in France. The company develops pre-let, premium warehouses for blue-chip companies, providing tailor-made services across all project phases, from development milestones to rental management. As of June 30, 2026, Argan's portfolio comprised 3.9 million square meters across more than 110 warehouses in continental France. Valued at a total of 4.3 billion euros, this portfolio generates annual rental income of 224 million euros, based on the portfolio delivered as of June 30, 2026. Profitability, well-managed debt, and sustainability are central to Argan's strategy, and its investment-grade rating of BBB- with a stable outlook from Standard & Poor's reflects the financial strength of its model. Argan also implements a committed ESG policy addressing all its stakeholders. Argan SA is based in France.

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ARGAN suspends liquidity contract with Oddo BHF amid proposed WDP merger

ARGAN has suspended the execution of its liquidity contract managed by Oddo BHF, effective today, in connection with the announcement of the proposed merger between ARGAN and WDP. The suspension is in accordance with the regulatory framework applicable to liquidity agreements. ARGAN is a French real estate company specializing in the development and rental of premium warehouses, with a portfolio of 3.9 million square meters appraised at €4.3 billion excluding duties, generating yearly rental income of €224 million as of June 30, 2026. The company also provided its upcoming financial calendar, including third-quarter 2026 net sales on October 1 and annual results for 2026 on January 21, 2027.
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ARGAN delivers two logistics warehouses to Ferrero in Normandy

ARGAN has delivered two new logistics facilities to Ferrero near Rouen, totaling 54,000 square meters. The first, a 34,000-square-meter AutOnom®-labelled warehouse in Cléon, features a 660 kWp rooftop photovoltaic plant and a 200 kWh battery, generating 530 MWh of renewable electricity annually and cutting CO₂ emissions by 28 tonnes per year. The second, a 20,000-square-meter facility in Barentin, includes a 790 kWp solar installation that avoids 33 tonnes of CO₂ annually. Both sites are secured under 10-year fixed leases, supporting ARGAN's €165 million investment program for 2026.
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ARGAN raises full-year rental income target to €221m after 4% H1 growth

ARGAN, the French real estate company specializing in premium warehouses, has revised its full-year 2026 rental income target upwards to at least €221 million, up from a previous target of €220 million. The company reported first-half 2026 rental income of €109.7 million, a 4% increase compared to the same period in 2025. Growth was driven by the full-year effect of 2025 deliveries and rent indexation of 0.6% applied in January 2026. ARGAN also returned to a 100% occupancy rate in the first quarter following the lease of a previously vacant 32,000 sqm site to JS LOGISTICS. The company has completed six deliveries so far this year as part of a €160 million investment program, with two more projects scheduled for delivery later in 2026.
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