(AOF) – Argan has regained its occupancy rate of 100%. The Ferrières-en-Brie group’s logistics park consists of two class A sites of 47,000 square meters and 32,000 square meters. Disneyland Paris rents four cells in this last building, ie 24,500 square meters, to which are added 1,500 square meters of offices. The two groups are committed under a 10-year long-term lease. With this new leading signature, all of Argan’s platforms are now leased for a total of 3.5 million square meters.
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A demand crisis
According to data from the Federation of Property Developers (FPI), the figures for the third quarter of 2022 continue to be alarming. Sales of new collective housing fell by 12.4% over one year, to 19,006 units. Over the first nine months of 2022, the decline reached 10.2%, to 72,670 units.
Reservations are also plummeting due to the collapse of bulk sales to social landlords and institutional investors. As interest rates rise, institutional investors renegotiate or halt operations. First-time buyers are penalized by the rise in rates and the tightening of the Pinel system puts off some private investors.
Due to the sharp rise in construction costs, the REIT estimates that one out of six authorized operations is ultimately not carried out for economic reasons.
Faced with this, prices are still rising: the sale prices of new collective housing increased by 5.9% throughout France in the third quarter of 2022. Ile-de-France is an exception, with a drop of 0, 9%.