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ARGAN bought Renault’s largest spare car parts warehouses

ARGAN bought Renault’s largest spare car parts warehouses

Press releaseWednesday 02 November 2022 17h45

ARGAN bought Renault’s largest spare auto sections warehouses in a sale & lease-back again deal

A new milestone in ARGAN’s improvement has been attained in the Sens area with the acquisition of a 153,200 sq.m authentic estate intricate focused to spare vehicle components for the Renault Group, which will now be leased for a time period of 12 several years as section of a sale and leaseback transaction.

The web page of Villeroy inaugurated in Autumn 2006, is one of the three facilities of the Elements and Components Logistics Section (DLPA) of RENAULT Group in France. It is the most significant 1 with 600 careers and its 153,200 sq.m are articulated around 4 logistic structures of unitary sizes going from 33,000 to 43,000 sq.m. Renault Team will be the tenant from now on, with a 12 yrs lease. Found along the A19 freeway, which links the A10, A77, A5 and A6 highway, Villeroy is preferably positioned to get to the entire of France.

That is why, in the short term, the Villeroy web site is meant to turn into the central retail outlet for all the spare pieces and add-ons exercise in France, and this, for all the Renault Group brand names with a ability of additional than
70,000 references which will be speedily increased to a lot more than 90,000. In buy to guide this maximize, the Team has introduced an automation job which will be operational in 2023.

A genuine estate expense approach for the web page

The finances dedicated by ARGAN to this new acquisition contains a important investment decision prepare that will enable the site to be held up to date with the newest industry requirements, which includes the substitution of doors and dock levelers, the refurbishment of roads, the renovation of premises and the growth of the parking whole lot.

ARGAN has consequently added an extraordinary High quality site to its portfolio, each in conditions of measurement and the top quality of its tenant.

Jean-Claude Le Lan, Chairman of the Supervisory Board of ARGAN, responses: “This acquisition marks a important stage in the progress of ARGAN. Without a doubt, this web-site by itself will depict 3.5{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of the rents that will be gathered by our serious estate firm in 2023. This transaction, initiated prior to the economic downturn of the previous couple months, was financed at somewhat beneficial prices in contrast to present day observe. A few several years right after the acquisition of the CARGO portfolio, ARGAN confirms its potential to invest in big-scale tasks and its position as a big participant in logistics genuine estate in France.

The transaction was led by CBRE. Renault Team was suggested by the law business Acte 2 and the legislation business Franklin. ARGAN was recommended by the law organization Jubault Chausse Delaplace.

Economic calendar 2023 (Publication of the press release just after closing of the stock exchange)

  • 3rd January 2023: Annual profits 2022

About Argan

ARGAN is the only French serious estate organization specialising in the Growth & RENTAL OF High quality WAREHOUSES mentioned on EURONEXT.
As at 30 June 2022, ARGAN’s portfolio amounted to 3.3 million sq.m, comprising somewhere around 100 warehouses positioned exclusively in France, valued at €4. billion. ARGAN is mentioned on Compartment A of Euronext Paris (ISIN FR0010481960 – ARG) and is involved in the CAC All-Share and IEIF SIIC France indices. The company opted for the shown true estate investment decision firms (SIICs) tax regime on 01 July 2007.

  • 20221102 – ARGAN – Renault VEN