Argan - Crédit Agricole Nord de France supports ARGAN in setting up financing indexed to CSR criteria
June 07 2022 - 11:45AM
Argan - Crédit Agricole Nord de France supports ARGAN in setting up
financing indexed to CSR criteria
Press release – Tuesday 7th
June 2022 – 17h45
Crédit Agricole Nord de France supports
ARGAN in setting up financing indexed to CSR criteria
Argan, the only French real estate company
specializing in the development & rental of PREMIUM warehouses
has signed with Crédit Agricole Nord de France and other regional
banks from Crédit Agricole, a sustainability performance-linked
loan of €139.6 m. The rate will vary depending on the group’s CSR
(Corporate social responsibility) performance, which will be
measured by the evolution of two criteria:
- The percentage of BREEAM
« very good » certified development
- The percentage of “Aut0nom®”
development, 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 transaction enables Argan to refinance a
portfolio of six logistics warehouses in France.
This step is in line with the Climate Plan,
launched in 2020 by Argan, which aims to reduce energy consumption
and CO₂ emissions of the existing warehouse portfolio and future
developments with Aut0nom®, which now becomes the warehouse that
already meets the requirements of the 2050 regulations in terms of
heating and lighting.
This financing, for which Crédit Agricole Nord
de France is the Arranger, the CSR Coordinator and the Agent, was
carried out alongside a group of Crédit Agricole Regional Banks: CA
Sud Rhône Alpes, CA Aquitaine, CA Centre France and CA Brie
Picardie.
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 customers in their
sustainable development trajectories and helps to multiply the
impact of these initiatives. By setting up this specific financing
operation with Argan, Crédit Agricole Nord de France is making a
lasting commitment as the Bank for Transitions.
Financial calendar 2022 (Publication of the
press release after closing of the stock exchange)
- 4 July: 2nd quarter
sales 2022
- 20 July: Half-year
results 2022
- 3 October: 3rd
quarter sales 2022
About Argan
ARGAN is the only French real estate company
specialising in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES
listed on EURONEXT.As at 31 December 2021, ARGAN’s portfolio
amounted to 3.3 million sq.m, comprising approximately 100
warehouses located exclusively in France, valued at €3.75 billion
and generating an annualised rental income of €162 million. ARGAN
is listed on Compartment A of Euronext Paris (ISIN FR0010481960 -
ARG) and is included in the CAC All-Share and IEIF SIIC France
indices. The company opted for the listed real estate investment
companies (SIICs) tax regime on 01 July 2007. www.argan.fr
About Crédit Agricole Nord de France
: As the leading financier in the Nord and Pas-de-Calais
regions and a local bank, Crédit Agricole Nord de France supports
its individual, farming, professional and business customers 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 its
customers in the face of the major challenges of climate,
environmental and social change.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 close as possible to the projects, true to its
raison d'être: Acting every day in the interests of its customers
and society.www.credit-agricole.fr
Francis
Albertinelli - CFOStéphane Saatdjian - Investor
relationsTél : 01 47 47 05 46 E-mail :
contact@argan.frwww.argan.fr Catherine
Filonczuk catherine.filonczuk@ca-norddefrance.fr , 03 20 63 72
68 |
Aude Vayre – Press relationsTél : 06 14 64
15 65E-mail : argan@citigatedewerogerson.com |
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