Argan Delivers Two 54,000 m² Logistic Platforms to Ferrero Near Rouen
On July 2, 2026, Argan delivered two logistic platforms to Ferrero, located near Rouen. These two sites, developed by SPI Group and Batilogistic, have a total area of 54,000 m² and both are certified with the AutOnom label from the specialized real estate firm in logistic warehouses.
The first platform, located in Cléon, covers an area of 34,000 m² including an office block of 1,400 m². It features five storage cells equipped with controlled temperature (14/18°C) and was delivered in May 2026. The site has a 660 kWp photovoltaic power station intended for self-consumption, supplemented by storage batteries with a capacity of 200 kWh. The annual production of renewable energy reaches 530 MWh, allowing for an annual saving of 28 tonnes of CO₂.
The second platform, situated in Barentin to the north of Rouen, was delivered in early July 2026. Spanning 20,000 m², it offers positive cold storage capacities (2/5°C) over a third of its area, with the remainder dedicated to controlled temperature (14/18°C). A 790 kWp photovoltaic power station supplies the site with green electricity, preventing the emission of 33 tonnes of CO₂ annually.
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Both leases are concluded for a duration of ten years, reflecting, according to Argan, 'the strength of the partnership' between the two parties. Cléon, which has become Ferrero's largest logistics site in France, is located very close to Rouen and the A13 highway. The site can store 50,000 pallets and serves the northern half of the country. These two new sites strengthen the industrial and logistic setup of the agri-food group in Normandy, a region where Ferrero operates several production factories.
Investment Plan of €165 Million in 2026
The group emphasizes that these two deliveries are part of its investment plan of €165 million deployed over the fiscal year 2026. These acquisitions follow the delivery, a few days earlier, of a platform for Danone in Sorigny (Indre-et-Loire).
Sur la base des très bonnes réalisations du premier semestre, et tenant compte du calendrier des livraisons de 2026, ARGAN révise à la hausse l'objectif annuel
Risks mentioned
Marge sur revenus du résultat net récurrent a diminué à 71 %.
Opportunities identified
Accélération du développement avec des livraisons avancées pour 2026.
Outlook / guidance
Expected revenue: 221 millions d'euros
Management commentary: l'objectif annuel d'environ 6 € par action
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
