ARGAN Expands Normandy Footprint with Two Large-Scale Ferrero Warehouses
Event summary
- ARGAN delivered two logistics facilities in Normandy for Ferrero, totaling 54,000 sq.m.
- The Cléon facility spans 34,000 sq.m. with temperature-controlled storage and a 660 kWp rooftop photovoltaic plant.
- The Barentin facility covers 20,000 sq.m., featuring cold storage and a 790 kWp solar installation.
- Both facilities are backed by 10-year fixed leases with Ferrero.
The big picture
ARGAN's delivery of two large-scale logistics facilities for Ferrero underscores its dominance in France's premium warehouse market. The deal aligns with ARGAN's €165 million investment program for 2026 and reinforces its strategy of developing energy-efficient, customer-centric industrial real estate. With a portfolio valued at €4.1 billion, ARGAN continues to solidify its position as the leading logistics property player in France.
What we're watching
- Sustainability Performance
- Whether ARGAN can maintain its BREEAM 'Excellent' certifications across future projects.
- Lease Renewal Risk
- The pace at which Ferrero's long-term leases translate into stable rental income for ARGAN.
- Industrial Logistics Demand
- How the integration of these facilities impacts Ferrero's supply chain efficiency in Normandy.