ARGAN launched an urban logistics site in Montpellier [Yahoo! Finance]
VINCI SA UNSP/ADR (VCISY)
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Source: Yahoo! Finance
End of May, ARGAN was delivered a new logistics site of 4,300 sq.m in the municipality of Castries, located a few kilometres at the North of Montpellier. This new site is operated by a leading player of the mass retail distribution as part of a lease for a fixed-term of 6 years. This site is more particularly dedicated to the e-commerce business and to the home delivery to individual customers all over the metropolitan area of Montpellier, comprising more than 500,000 inhabitants. Located along the A9 French highway, which links Béziers to Nîmes, the Castries site grants delivery access to the heart of Montpellier in 15 minutes and to the rest of the cities part of this metropolitan area in less than an hour. The building has two halls dedicated to receiving and storing goods, as well as to preparing and to shipping orders. The multi-temperature site can handle the combination of a full range of products, from ambient temperature to goods at freezing (-25°C) or positive cold (2
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