ARGAN Expands With New Premium Acquisitions
ARGAN accelerates its growth with the strategic acquisition of three premium logistics sites, which is a significant addition to its portfolio. These new properties, leased to industry leaders FERRERO and PUMA, cover an impressive total of nearly 100,000 sq.m and are set to be delivered in the first half of the year 2026.
Strengthening Tenant Relationships
This acquisition marks a strategic move for ARGAN as it continues to reinforce its investment momentum. The new logistics buildings are fully leased under long-term agreements to well-known tenants, signifying confidence in the company's operational model.
PUMA's Commitment in Vendenheim
The first site, dedicated to PUMA, is located in the Vendenheim logistics zone, near Strasbourg. This 42,000 sq.m facility is designed to support PUMA's ongoing operations and is backed by a nine-year lease, demonstrating the brand's commitment to establishing a strong presence in the area.
FERRERO's Expanding Footprint
Two additional logistics buildings are being developed for FERRERO in Normandy, a key area for the Italian company's operations in France. One site in Cléon spans 34,000 sq.m, while the second building in Barentin will cover 20,000 sq.m. Both locations are set to launch in the summer of 2026, with FERRERO committing to firm 10-year leases to further solidify their operational capabilities.
Investment Plans for 2026
2026 is poised to be a pivotal year for ARGAN, with a significant investment program amounting to €165 million. This strategy not only includes the recent acquisitions but also focuses on delivering premium assets that meet the evolving demands of modern logistics companies.
With a substantial portion of this investment allocated for completion in the first half of 2026, ARGAN anticipates achieving an average yield of 6%. This approach underscores the company's dedication to high-end development, which is aligned with the increased focus on sustainability and operational efficiency among its clients.
Commitment to Sustainable Solutions
Ronan Le Lan, the Chairman of ARGAN’s Executive Board, highlighted the importance of these agreements in reinforcing the company's ambitious growth strategy. He emphasized that ARGAN’s ability to attract major clients like FERRERO and PUMA is a testament to the company's innovative and sustainable logistics solutions.
Looking ahead, ARGAN plans to continue delivering next-generation warehouses that are meticulously crafted to align with the evolving needs of responsible logistics. This forward-thinking strategy positions ARGAN as a leader in the real estate market, particularly in the French logistics sector.
About ARGAN
ARGAN stands out as the only French real estate company focused on the development and rental of premium warehouses, making it the leading operator in this market in France. The company adopts a customer-centric approach to develop high-quality, pre-let warehouses that generate their own energy for self-consumption. As of mid-2025, ARGAN's portfolio spans approximately 3.7 million sq.m, generating over €210 million in rental income annually.
With a strong financial backbone indicated by its investment-grade rating, ARGAN is also committed to environmental, social, and governance (ESG) factors, ensuring that all business practices are sustainable and responsible.
Frequently Asked Questions
What recent acquisitions did ARGAN make?
ARGAN acquired three premium logistics sites leased to FERRERO and PUMA, covering nearly 100,000 sq.m.
What is ARGAN's investment plan for 2026?
ARGAN has an investment program of €165 million aimed at delivering premium assets to support its growth trajectory.
Where are the new PUMA and FERRERO sites located?
PUMA's site is in Vendenheim near Strasbourg, while FERRERO's sites are in Cléon and Barentin, Normandy.
What is the expected benefit of these new logistics sites?
The new sites will help tenants optimize operational performance and support their growth in strategic logistics hubs.
How does ARGAN align with sustainability goals?
ARGAN develops next-generation warehouses that focus on sustainability, energy efficiency, and operational flexibility to meet modern logistics demands.
