ARGAN launches the rehabilitation and extension of the GEODIS fulfillment center in Toulouse
27 Avril 2023 - 5:45PM
ARGAN launches the rehabilitation and extension of the GEODIS
fulfillment center in Toulouse
Press release
– Thursday
27 April
2023 –
5.45 pm
ARGAN launches
the rehabilitation and
extension of the GEODIS fulfillment
center in Toulouse
ARGAN is
supporting the
growth of its
tenant GEODIS by launching
the extension of its
fulfillment hub in Bruguières (31) to
13,400 m². This project
is also an
opportunity to
improve the
existing building and to
establish a
long-term
partnership with
GEODIS through a new
12-year lease.
GEODIS is a world leader in transport and logistics, number 1
in France for deliveries within 24 to 48 hours, specialising in
last-mile delivery.
Since 2003, the company has set up its regional
hub in Bruguières from where it operates for the Haute-Garonne
department, and also supplies the departmental platforms of the
South-West of France. This site is ideally located for logistics
and courier activities, a few kilometres north of Toulouse and
along the A62 motorway.
With the increase in its business volume, GEODIS
needed additional space.
In discussions with ARGAN, the option of
extending the existing site was chosen, allowing the courier
service to gain 2,200 m² and thus increase its total surface area
to 13,400 m². The shape of the land did not allow for a traditional
extension of the building in its length, so the ARGAN and GEODIS
teams set up an innovative extension plan in its width, while
allowing the site to continue to be fully operational during the
construction phase.The extension of the site will be an opportunity
to renovate the existing building, in particular the 1,900 m²
office block, the road and the dock equipment. All of this work
will significantly improve the working environment for GEODIS
employees.
This new development will also contribute to a
significant reduction in the energy consumption with the
installation of a photovoltaic plant for self-consumption and a
Building Management System (BMS). In addition, the iodide lamps
will be replaced by intelligent LED lighting controlled by presence
and luminosity.
The delivery of the extension will mark the
start of a new long-term lease of 12 years, which underlines the
confidence and the long-term partnership between GEODIS and
ARGAN.
With this new development, the real estate
company also confirms its ability to support its clients in their
growth projects and its focus on improving its property
portfolio.
Financial calendar
2023 (Press release to be issued after the stock
exchange)
- 3 July : Turnover for the 2nd quarter 2023
- 19 July : Half-yearly results 2023
- 2 October : Turnover for the 3rd quarter 2023
About Argan
ARGAN is the only French real estate company
specialized in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on EURONEXT. As of 31st December 2022, ARGAN’s portfolio
amounted to 3.5 million s qm, comprising
approximately 100 warehouses located exclusively in France, valued
at €4.0 billion. ARGAN is listed on Compartment A of Euronext Paris
(ISIN FR0010481960 - ARG) and is included in the CAC All-Share,
IEIF SIIC France and EPRA Europ indices. The company opted for the
listed real estate investment companies (SIICs) tax regime since
1st July 2007.
Francis
Albertinelli - CFO Aymar de Germay – General SecretaryPhone :
+33 1 47 47 05 46 E-mail : contact@argan.frwww.argan.fr |
Aude Vayre – Press RelationsPhone : + 33 6 14 64 15
65E-mail : argan@citigatedewerogerson.com |
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- 20230427 - Lancement Geodis Bruguières ENG
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