Argan SA is a France-based company which conceives, builds and rents out logistical bases and warehouses. It delivers turnkey projects to its customers. Its clients are principally loaders, including BSH Electromenager, Decathlon, L’Oreal, Castorama and La Poste, among others and logistic companies, including DHL, Geodis, ID Logistics and Norbert Dentressangle, among others. The Company’s sites are located in Ile de France, Rhone Alpes Region, Orleans, Wissous and other Regions. As of December 31, 2011, the Company operated through two subsidiaries, IMMO CBI Sarl and Immogonesse SAS. In May 13, 2013, it announced that it has acquired a 80,000 square meters logistics platform, that is yet to be built and located at Coudray-Montceaux.