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gemmapower.com

About Gemma Power Systems

Gemma Power Systems is an engineering, procurement, and construction (EPC) company. It provides solutions for the power and renewable energy industry. It is based in Glastonbury, Connecticut.

Gemma Power Systems Headquarters Location

769 Hebron Avenue

Glastonbury, Connecticut, 06033,

United States

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Latest Gemma Power Systems News

€165 million rental income target confirmed

Oct 3, 2022

10/03/2022 | 11:46am EDT Message : €165 million rental income target confirmed Average yield of 6% for developments since the beginning of the year Rental income (IFRS) at end-September 2022 (unaudited figures) €m Rental income up +5% since the beginning of the year Since the beginning of the year, ARGAN, the French real estate company specialising in the development and rental of PREMIUM warehouses, recorded rental income of €123m, up +5% compared with the same period last year. This strong growth is mainly due to the full-year effect of rents generated by 2021 developments and the rents coming from the six new deliveries of 2022. The target for rental income of €165 million will therefore be met. Developments continue to drive rental income growth with an average yield of 6% for the deliveries in 2022. Significant events of Q3 2022 ARGAN has continued its grow with the delivery of three new logistics platforms certified “BREEAM Very Good”, all three are let with a 12-year firm lease. They represent a total surface area of 47,000 sq.m, including 18,000 sq.m in Caen (14) for LEGALLAIS, 14,000 sq.m in Saint-Jean-de-la-Neuville (76) for DIDACTIC and 15,000 sq.m in Compans (77) for Colis Privé. Financial calendar 2023 (Publication of the press release after closing of the stock exchange) 3rd January 2023: Annual sales 2022 19th January 2023: Annual results 2022 About Argan ARGAN is the only French real estate company specialising in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT. As at 30 June 2022, ARGAN’s portfolio amounted to 3.3 million sq.m, comprising approximately 100 warehouses located exclusively in France, valued at €4.0 billion. 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.

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  • Where is Gemma Power Systems's headquarters?

    Gemma Power Systems's headquarters is located at 769 Hebron Avenue, Glastonbury.

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