(CercleFinance.com) – Argan posts rental income of 48.1 million euros for the first three months of 2024, up 6% year-on-year, thanks to the revision of rents (+4.6%) on January 1 supplemented by the full year effect of 2023 deliveries.
‘In 2024, Argan’s very strong commercial momentum continues with a volume of secure developments of nearly 180 million euros for 170,000 m² in total, with an average yield approaching 7%,’ says the logistics real estate company. .
‘The high profitability of projects scheduled for delivery in 2024 reflects the ability to continue its profitable growth dynamic, driven by a portfolio of Aut0nom-certified warehouses in sought-after locations,’ she continues.
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