ARGAN Delivers 54,000 Sq.M of New Warehouses to FERRERO, Securing 10-Year Leases
AGX has more than doubled off its 52-week low of $196.9 on light trading volume (0.2× avg).
Summary
ARGAN delivered two new logistics facilities totaling 54,000 sq.m in Normandy, France, to Ferrero, securing 10-year fixed leases. This successful project completion is part of ARGAN's ambitious €165 million investment program for 2026 and adds to its portfolio, which was 3.8 million sq.m as of December 2025. Securing a blue-chip client like Ferrero with long-term leases provides stable, predictable rental income and demonstrates strong execution of their development pipeline. Half-year results are scheduled for July 20.
At the time of this announcement, AGX was trading at $716.18 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $10B. The 52-week trading range was $196.90 to $805.75. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.