Crédit Agricole Nord de France supports ARGAN in

Press release – Tuesday 7e June 2022 – 5:45 p.m.

Crédit Agricole Nord de France supports ARGAN in setting up financing indexed to CSR criteria

Argan, the only French property company specializing in the development and rental of PREMIUM warehouses, signed a €139.6 million loan linked to sustainable performance with Crédit Agricole Nord de France and other Crédit Agricole regional banks. The rate will vary according to the group’s CSR (Corporate Social Responsibility) performance, which will be measured by the evolution of two criteria:

  1. The percentage of development certified BREEAM “very good”
  2. The “Aut0nom®” development percentage, the warehouse producing its own green energy intended exclusively for self-consumption, and which allows operators to benefit from CO2 neutrality for their heating and lighting.

This operation allows Argan to refinance a portfolio of six logistics warehouses in France.

This approach is part of the Climate Plan, launched in 2020 by Argan, which aims to reduce the energy consumption and CO₂ emissions of the existing warehouse portfolio and future developments with Aut0nom®, which now becomes the warehouse which already meets the requirements of the 2050 regulations for heating and lighting.

This financing, of which Crédit Agricole Nord de France is the Arranger, CSR Coordinator and Agent, was carried out alongside a group of Crédit Agricole Regional Banks: CA Sud Rhône Alpes, CA Aquitaine, CA Center France and CA Picardy Brie.

Crédit Agricole Nord de France is a player in the major transformations of society. Faced with the issues and challenges of climate change, it supports its clients in their sustainable development trajectories and contributes to increasing the impact of these initiatives. By setting up this specific financing with Argan, Crédit Agricole Nord de France is making a long-term commitment as a Bank of Transitions.

Financial Calendar 2022 (Publication of the press release after the close of trading)

  • July 4: 2n/a quarterly sales 2022
  • July 20: 2022 half-year results
  • October 3: 3rd quarterly sales 2022

About the argan tree

ARGAN is the only French property company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT.
As of December 31, 2021, ARGAN’s portfolio amounts to 3.3 million m², made up of approximately 100 warehouses located exclusively in France, valued at 3.75 billion euros and generating an annualized rental income of 162 million euros. ARGAN is listed on compartment A of Euronext Paris (ISIN FR0010481960 – ARG) and is part of the CAC All-Share and IEIF SIIC France indices. The company opted for the tax regime for listed real estate investment companies (SIIC) on July 1, 2007.

About Crédit Agricole Nord de France:
The leading financial institution in the Nord and Pas-de-Calais regions and a local bank, Crédit Agricole Nord de France supports its individual customers, farmers, professionals and businesses in their projects. As part of its development strategy, Crédit Agricole Nord de France has chosen to make a firm commitment and to embody the Bank of Transitions in order to support all of its customers in the face of the major challenges of climate, environmental and social.
Crédit Agricole Nord de France is committed to supporting changes in its territory and is a player in the transformation and transitions – environmental, social, food and digital – of society. The Regional Bank builds and demonstrates its usefulness by relying on its territorial network and deploys its support as closely as possible to projects, faithful to its raison d’être: Acting every day in the interest of its customers and society.

About Pia Miller

Check Also

Best Android smartphones under Rs 35,000 in India

New Delhi: Flagship smartphones bring better features and their makers claim to bring higher megapixel …