Argan has announced an 11% increase in rental income in 2023, to 184 million euros, exceeding its initial target of 182 million for the year, updated to 183 million at the time of the half-year results.

This momentum is due to the full-year effect of rents generated by developments in 2022, rents from the five warehouses delivered in 2023, and the rent review carried out on January 1, 2023 (+4% on average).

The very strong commercial momentum will continue in 2024, with a secured development volume of nearly 180 million euros for a total of 170,000 m², with an average yield approaching 7%, according to the property company specializing in logistics.

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