reports
MR. ÉRIC DONNET IS APPOINTED AT THE SUPERVISORY BOARD OF ARGAN
MR. ÉRIC DONNET IS APPOINTED AT THE SUPERVISORY BOARD OF ARGAN Press release – Neuilly-sur-Seine, Wednesday, December 11, 2024 – 5.45 pm Mr. Éric Donnet is appointed at the Supervisory Board of ARGAN Upon proposal of the Nominations and Remuneration Committee, ARGAN’s Supervisory Board, which met on December 10, 2024, has unanimously decided to appoint Mr. Éric DONNET as an independent member of the Supervisory Board, upon this day. Mr. Éric DONNET graduated from the ICN (Institut Commercial de Nancy) and holds a DESCF (French master’s degree in management control, accountancy and...
MONSIEUR ÉRIC DONNET INTÈGRE LE CONSEIL DE SURVEILLANCE D’ARGAN
MONSIEUR ÉRIC DONNET INTÈGRE LE CONSEIL DE SURVEILLANCE D’ARGAN Communiqué de presse – Neuilly-sur-Seine, mercredi 11 décembre 2024 – 17h45 Monsieur Éric Donnet intègre le Conseil de surveillance d’ARGAN Sur proposition du Comité des Nominations et Rémunérations, le Conseil de Surveillance d’ARGAN, réuni le 10 décembre 2024, a décidé à l’unanimité de nommer Monsieur Éric DONNET en qualité de membre indépendant du Conseil de Surveillance à compter de ce jour. Diplômé de l’ICN et titulaire du DESCF (Diplôme d’Études Supérieures Comptables et Financières), Monsieur Éric DONNET a plu...
- Lynn Hautekeete
- Wim Lewi
Real Estate Report December 2024
BE-REITS suffer from macro-worries (logistics) and post-Trump knee-jerk reaction. We believe that especially money flows are pushing stocks down as interest rate fears resurfaced in the US. Our top-picks are Shurgard, WDP and Xior. SHUR and WDP have ample headroom on their balance sheet to continue their growth track record. WDP is also very cheap on cash earnings metrics vs. peers. Xior can grow and fix its balance sheet at the same time through contributions in kind.
LEAS LEASINVEST REAL ESTATE SCA
XIOR XIOR STUDENT HOUSING N.V.
COFB COFINIMMO SA
IMMO COMPAGNIE IMMOBILIERE DE BELGIQUE SA
RET RETAIL ESTATES NV
MONT MONTEA SCA
AED AEDIFICA SA
QRF QRF COMM
CPINV CARE PROPERTY INVEST SA
ATEB ATENOR S.A.
ASC ASCENCIO SCA
ARG ARGAN SA
VGP VGP NV
WDP WAREHOUSES DE PAUW SCA
CTPNV CTP NV
HOMI HOME INVEST BELGIUM
SHUR SHURGARD SELF STORAGE LIMITED
ARGAN: FULL SPEED TOWARDS DEBT REDUCTION!
ARGAN: FULL SPEED TOWARDS DEBT REDUCTION! Press release – Neuilly-sur-Seine, Tuesday, December 10, 2024 – 5.45 pm Full speed towards debt reduction! LTV below the 40% threshold by the end of 2025 (vs. 50% end of 2023)Net debt to EBITDA of 8X by the end of 2025 (vs. 11X end of 2023) As early as 2023, ARGAN presented a roadmap to combine growth and debt reduction. Today, ARGAN confirmed this commitment. This strategy is built around three pillars: a strongly cash generating growth thanks to a solid business model, the repayment of mortgage loans (around €100 million per year) and a ...
ARGAN : PLEIN CAP SUR LE DÉSENDETTEMENT !
ARGAN : PLEIN CAP SUR LE DÉSENDETTEMENT ! Communiqué de presse – Neuilly-sur-Seine, mardi 10 décembre 2024 – 17h45 Plein cap sur le désendettement ! LTV sous la barre des 40% dès fin 2025 (vs. 50% fin 2023)Dette nette sur EBITDA de 8X à fin 2025 (vs. 11X fin 2023) Dès 2023, ARGAN a présenté une feuille de route combinant croissance et désendettement. Aujourd’hui, ARGAN confirme ce cap. Cette stratégie est assise sur un triple socle : une croissance fortement génératrice de cash grâce à un modèle d’affaires solide, le remboursement des prêts hypothécaires (environ 100 M€ par an) et...
ARGAN: launch of the works for a cross-dock fulfilment centre of 9,000...
ARGAN: launch of the works for a cross-dock fulfilment centre of 9,000 sq.m in the greater Lille area Press release – Neuilly-sur-Seine, Thursday, November 28, 2024 – 5.45 pm ARGAN is strengthening its positions in the North of France by launching the works for a cross-dock fulfilment centre of 9,000 sq.m in the greater Lille area ARGAN has launched the works for a new fulfilment centre in the size of 9,000 sq.m this November, in an already well-established logistics area where the real estate company already owns two warehouses of 55,000 sq.m and 25,000 sq.m, respectively rented to A...
ARGAN : Mise en chantier d’une messagerie cross-dock de 9 000 m² à Len...
ARGAN : Mise en chantier d’une messagerie cross-dock de 9 000 m² à Lens Communiqué de presse – Neuilly-sur-Seine, jeudi 28 novembre 2024 – 17h45 ARGAN se renforce dans le Nord avec la mise en chantier d’une messagerie cross-dock de 9 000 m² à Lens C’est sur une zone logistique établie, où ARGAN possède déjà deux entrepôts de 55 000 m² et 25 000 m² loués respectivement par ARCANIA et CARREFOUR, que la foncière a lancé en novembre le chantier d’une messagerie de 9 000 m² Crédit : A26 Architectures Un 3e site lensois pour ARGAN Le chantier de ce nouveau site démarre sur une p...
Change in ARGAN’s Supervisory Board
Change in ARGAN’s Supervisory Board Press release – Neuilly-sur-Seine, November 22, 2024 – 5.45 pm Change in ARGAN’s Supervisory Board ARGAN takes note of the resignation of Mr. François-Régis de Causans from his position as a member of the Supervisory Board, effective immediately, for personal reasons. The Supervisory Board is therefore now composed of seven members, including two independent members. Furthermore, as announced on October 221 during the communication regarding the signing of a new shareholding pact between the Le Lan family and Predica, it is reiterated that...
Évolution du Conseil de surveillance d’ARGAN
Évolution du Conseil de surveillance d’ARGAN Communiqué de presse – Neuilly-sur-Seine, 22 novembre 2024 – 17h45 Évolution du Conseil de surveillance d’ARGAN ARGAN prend acte de la démission avec effet immédiat, pour motifs personnels, de Monsieur François-Régis de Causans de son mandat de membre du Conseil de surveillance. Le Conseil de surveillance est par conséquent désormais composé de sept membres, dont deux membres indépendants. Par ailleurs, comme annoncé le 22 octobre dernier1 lors de la communication de la signature d’un nouveau pacte d’actionnaires entre la famille...
- Martin Marandon-Carlhian
- Stephane Houri
- Steven Boumans
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/13/2024
We maintain our Outperform rating on CaixaBank, one of our Top Picks in the sector, with a higher target of € 7.2 vs € 6.7 and ahead of the CMD on 19 November. We are lifting our net income estimates by 7% for 2025-2026, to 7% above the consensus. The strategic update is set to highlight the wisdom of the business model diversification (long-term savings) to address the current transition phase on rates. Despite a solid market performance, the profile does not look to be fully reflec...
LHN HOLCIM AG
LI KLEPIERRE SA
COV COVIVIO SA
HO THALES SA
GFC GECINA SA
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
HNR1 HANNOVER RUECK SE
GYC GRAND CITY PROPERTIES SA
MERY MERCIALYS SA
WHA WERELDHAVE N.V.
INTO INTERVEST OFFICES & WAREHOUSES SA
BLND BRITISH LAND COMPANY PLC
KOF KAUFMAN & BROAD SA
ALTA ALTAREA SCA
VNA VONOVIA SE
XIOR XIOR STUDENT HOUSING N.V.
RWE RWE AG
ICAD ICADE SA
COFB COFINIMMO SA
VASTN VASTNED RETAIL NV
TEG TAG IMMOBILIEN AG
PSPN PSP SWISS PROPERTY AG
SPSN SWISS PRIME SITE AG
PAT PATRIZIA AG
MONT MONTEA SCA
AED AEDIFICA SA
CARM CARMILA SAS
EVK EVONIK INDUSTRIES AG
LEG LEG IMMOBILIEN AG
CPINV CARE PROPERTY INVEST SA
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
YPSN YPSOMED HOLDING AG
ARG ARGAN SA
VGP VGP NV
COL INMOBILIARIA COLONIAL SOCIMI SA
DIC DIC ASSET AG
LRE LAR ESPANA REAL ESTATE SOCIMI SA
MERLIN MERLIN PROPERTIES SOCIMI S.A.
DKG DEUTSCHE KONSUM REIT-AG
HOME NEINOR HOMES SA
AT1 AROUNDTOWN SA
LAND LAND SECURITIES GROUP PLC
MVC METROVACESA SA
NSI NSI N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
INS INSTONE REAL ESTATE GROUP AG
AEDAS AEDAS HOMES SA
ENR SIEMENS ENERGY AG
WDP WAREHOUSES DE PAUW SCA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
SHUR SHURGARD SELF STORAGE LIMITED
- Martin Marandon-Carlhian
- Stephane Houri
- Steven Boumans
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/11/2024
Nous réitérons notre opinion Surperformance sur CaixaBank, l’un de nos top picks du secteur, avec un OC porté à 7.2 € vs 6.7 € et en amont du CMD du 19/11. Nous relevons nos anticipations de RN de 7% sur 2025/2026 qui ressortent 7% supérieures au consensus. L’update stratégique devrait mettre en avant la pertinence de la diversification du business model (épargne LT) face à la transition actuelle sur les taux. Malgré un solide parcours boursier, cela n’est pas pleinement reflété dans ...
LHN HOLCIM AG
LI KLEPIERRE SA
COV COVIVIO SA
HO THALES SA
GFC GECINA SA
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
HNR1 HANNOVER RUECK SE
GYC GRAND CITY PROPERTIES SA
MERY MERCIALYS SA
WHA WERELDHAVE N.V.
INTO INTERVEST OFFICES & WAREHOUSES SA
BLND BRITISH LAND COMPANY PLC
KOF KAUFMAN & BROAD SA
ALTA ALTAREA SCA
VNA VONOVIA SE
XIOR XIOR STUDENT HOUSING N.V.
RWE RWE AG
ICAD ICADE SA
COFB COFINIMMO SA
VASTN VASTNED RETAIL NV
TEG TAG IMMOBILIEN AG
PSPN PSP SWISS PROPERTY AG
SPSN SWISS PRIME SITE AG
PAT PATRIZIA AG
MONT MONTEA SCA
AED AEDIFICA SA
CARM CARMILA SAS
EVK EVONIK INDUSTRIES AG
LEG LEG IMMOBILIEN AG
CPINV CARE PROPERTY INVEST SA
ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA
YPSN YPSOMED HOLDING AG
ARG ARGAN SA
VGP VGP NV
COL INMOBILIARIA COLONIAL SOCIMI SA
DIC DIC ASSET AG
LRE LAR ESPANA REAL ESTATE SOCIMI SA
MERLIN MERLIN PROPERTIES SOCIMI S.A.
DKG DEUTSCHE KONSUM REIT-AG
HOME NEINOR HOMES SA
AT1 AROUNDTOWN SA
LAND LAND SECURITIES GROUP PLC
MVC METROVACESA SA
NSI NSI N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
INS INSTONE REAL ESTATE GROUP AG
AEDAS AEDAS HOMES SA
ENR SIEMENS ENERGY AG
WDP WAREHOUSES DE PAUW SCA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
SHUR SHURGARD SELF STORAGE LIMITED
- Florent Laroche-Joubert
- Roy Külter
- Steven Boumans
ODDO : Spain: the PSOE and SUMAR looking to abolish the SOCIMI regime
>PSOE and Sumar spring a surprise in seeking to suddenly abolish the SOCIMI regime - On Monday 11 November, the PSOE reached a tax agreement with its Spanish government ally, “Sumar”, whereby the two parties want to abolish the SOCIMI REIT regime or at least part of its tax advantages. This sudden stance, which surprised Spanish property professionals, is thus different from the position that was presented just last week, namely to “encourage the construction of affor...
COV COVIVIO SA
GFC GECINA SA
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
GYC GRAND CITY PROPERTIES SA
MERY MERCIALYS SA
WHA WERELDHAVE N.V.
INTO INTERVEST OFFICES & WAREHOUSES SA
BLND BRITISH LAND COMPANY PLC
KOF KAUFMAN & BROAD SA
ALTA ALTAREA SCA
VNA VONOVIA SE
XIOR XIOR STUDENT HOUSING N.V.
ICAD ICADE SA
COFB COFINIMMO SA
VASTN VASTNED RETAIL NV
TEG TAG IMMOBILIEN AG
PSPN PSP SWISS PROPERTY AG
SPSN SWISS PRIME SITE AG
PAT PATRIZIA AG
MONT MONTEA SCA
AED AEDIFICA SA
CARM CARMILA SAS
LEG LEG IMMOBILIEN AG
CPINV CARE PROPERTY INVEST SA
ARG ARGAN SA
VGP VGP NV
COL INMOBILIARIA COLONIAL SOCIMI SA
DIC DIC ASSET AG
LRE LAR ESPANA REAL ESTATE SOCIMI SA
MERLIN MERLIN PROPERTIES SOCIMI S.A.
DKG DEUTSCHE KONSUM REIT-AG
HOME NEINOR HOMES SA
AT1 AROUNDTOWN SA
LAND LAND SECURITIES GROUP PLC
MVC METROVACESA SA
NSI NSI N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
INS INSTONE REAL ESTATE GROUP AG
AEDAS AEDAS HOMES SA
WDP WAREHOUSES DE PAUW SCA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
SHUR SHURGARD SELF STORAGE LIMITED
- Florent Laroche-Joubert
- Roy Külter
- Steven Boumans
ODDO : Espagne : le PSOE et SUMAR souhaiteraient abolir le régime SOCI...
>PSOE et Sumar créent la surprise en voulant supprimer soudainement le régime SOCIMI - Ce lundi 11 novembre, le PSOE sont parvenus à un accord fiscal avec son allié au gouvernement espagnol, « Sumar », par lequel les deux partis veulent supprimer le régime SOCIMI ou au moins une partie de ses avantages fiscaux. Cette prise de position soudaine qui a crée la surprise auprès des professionnels de l’immobilier espagnol, diffère ainsi de la position qui était encore mise ...
COV COVIVIO SA
GFC GECINA SA
NXI NEXITY SA CLASS A
FLY SOCIETE FONCIERE LYONNAISE SA
GYC GRAND CITY PROPERTIES SA
MERY MERCIALYS SA
WHA WERELDHAVE N.V.
INTO INTERVEST OFFICES & WAREHOUSES SA
BLND BRITISH LAND COMPANY PLC
KOF KAUFMAN & BROAD SA
ALTA ALTAREA SCA
VNA VONOVIA SE
XIOR XIOR STUDENT HOUSING N.V.
ICAD ICADE SA
COFB COFINIMMO SA
VASTN VASTNED RETAIL NV
TEG TAG IMMOBILIEN AG
PSPN PSP SWISS PROPERTY AG
SPSN SWISS PRIME SITE AG
PAT PATRIZIA AG
MONT MONTEA SCA
AED AEDIFICA SA
CARM CARMILA SAS
LEG LEG IMMOBILIEN AG
CPINV CARE PROPERTY INVEST SA
ARG ARGAN SA
VGP VGP NV
COL INMOBILIARIA COLONIAL SOCIMI SA
DIC DIC ASSET AG
LRE LAR ESPANA REAL ESTATE SOCIMI SA
MERLIN MERLIN PROPERTIES SOCIMI S.A.
DKG DEUTSCHE KONSUM REIT-AG
HOME NEINOR HOMES SA
AT1 AROUNDTOWN SA
LAND LAND SECURITIES GROUP PLC
MVC METROVACESA SA
NSI NSI N.V.
ULA UNIBAIL-RODAMCO-WESTFIELD SE STAPLED SECS CONS OF 1 SH UNIBAIL RODAMCO + 1 SH WFD UNIB ROD
INS INSTONE REAL ESTATE GROUP AG
AEDAS AEDAS HOMES SA
WDP WAREHOUSES DE PAUW SCA
ECMPA EUROCOMMERCIAL PROPERTIES NV
CTPNV CTP NV
SHUR SHURGARD SELF STORAGE LIMITED
ARGAN complète son parc logistique normand de Bolbec
ARGAN complète son parc logistique normand de Bolbec Communiqué de presse – Neuilly-sur-Seine, mardi 29 octobre 2024 – 7h45 ARGAN complète son parc logistique normand de Bolbec, à proximité du Havre, en livrant une seconde plateforme de 15 200 m² et porte l’ensemble à 30 000 m² ARGAN poursuit son fort développement en région Normandie avec la livraison d’un nouveau site de 15 200 m² à Bolbec. Il s’agit du second bâtiment développé par ARGAN sur la zone d’activité de Bolbec St Jean, deux ans après la livraison d’un entrepôt de 14 000 m². Entre Le Havre et Rouen, Bo...
ARGAN completed its Bolbec logistics parc (Normandy)
ARGAN completed its Bolbec logistics parc (Normandy) Press release – Neuilly-sur-Seine, Tuesday, October 29, 2024 – 7.45 am ARGAN completed its Bolbec logistics parc (Normandy), close to Le Havre, by delivering a second platform of 15,200 sq.m for a total built area of 30,000 sq.m ARGAN pursued its strong development momentum in the Normandy region with the delivery of a new site of 15,200 sq.m in Bolbec. This is the second building developed by ARGAN in the business area (zone d’activité) of Bolbec St Jean, two years after it delivered a 14,000 sq.m warehouse. Lo...
ARGAN poursuit son tour de France en signant deux nouveaux BEFA à Tour...
ARGAN poursuit son tour de France en signant deux nouveaux BEFA à Tours et Béziers Communiqué de presse – Neuilly-sur-Seine, 23 octobre 2024 – 17h45 ARGAN poursuit son tour de France en signant deux nouveaux BEFA à Tours et Béziers ARGAN, foncière spécialisée en immobilier logistique PREMIUM, annonce la signature de deux nouveaux baux en état futur d’achèvement pour deux projets immobiliers logistiques « clé-en-main » à Tours et Béziers pour un total de 14 000 m². Deux projets à livrer en 2026 pour un investissement global de 18 M€ Le premier projet prendra la forme d’un nouveau...
Pursuing its “Tour de France”, ARGAN just signed two new leases in fut...
Pursuing its “Tour de France”, ARGAN just signed two new leases in future state of completion in Tours and Béziers Press release – Neuilly-sur-Seine, October 23, 2024 – 5.45 pm Pursuing its “Tour de France”, ARGAN just signed two new leases in future state of completion in Tours and Béziers ARGAN, real estate company specializing in the development and rental of PREMIUM warehouses, announced today that it just signed two new leases in future state of completion for two “turnkey” logistics real estate projects in Tours and Béziers for a total surface of 14,000 sq.m. Two projects to...
ARGAN: The Le Lan Family and Predica renew their pact for a 5-year pe...
ARGAN: The Le Lan Family and Predica renew their pact for a 5-year period Press release – Neuilly-sur-Seine, October 22, 2024 – 7.30 pm The Le Lan Family and Predica renew their pact for a 5-year period The Le Lan family1 and Predica, the Crédit Agricole Assurances subsidiary, confirm their mutual trust by signing a new five-year agreement2. Effective from October 15, 2024, it replaces the previous agreement made in 20193, while reaffirming not acting in concert with regard to Argan (noting that members of the Le Lan family act in concert with each other regarding Argan). ...
ARGAN : La famille Le Lan et Predica renouvellent leur pacte pour une...
ARGAN : La famille Le Lan et Predica renouvellent leur pacte pour une durée de 5 ans Communiqué de presse – Neuilly-sur-Seine, 22 octobre 2024 – 19h30 La famille Le Lan et Predica renouvellent leur pacte pour une durée de 5 ans La famille Le Lan1 et Predica, filiale de Crédit Agricole Assurances, confirment leur relation de confiance mutuelle en signant un nouveau pacte d’une durée de 5 ans2. Entré en vigueur le 15 octobre 2024, il se substitue au précédent conclu en 20193, tout en réaffirmant ne pas agir de concert vis-à-vis d’Argan (étant rappelé que les membres de la famille Le L...
ARGAN and CARREFOUR brought a former industrial brownfield back to lif...
ARGAN and CARREFOUR brought a former industrial brownfield back to life with the biggest Aut0nom of France Press release – Neuilly-sur-Seine, October 16, 2024 – 5.45 pm ARGAN and CARREFOUR bring a former industrial brownfield back to life in Caen with the biggest Aut0nom®logistics site in France After 15 months of works, the CARREFOUR SUPPLY CHAIN teams just took possession of their new Aut0nom® logistics platform in a size of 82,000 sq.m, in Mondeville. This project, which was together led by ARGAN and CARREFOUR through their CARGAN-LOG joint-venture, was developed on a former STELL...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.