Nextensa and ION Complete Landmark Sale of Monteco Office
Nextensa and ION's Successful Sale of the Monteco Office
Nextensa and ION have reached a significant milestone in their business endeavor by successfully selling the Monteco building, an innovative timber high-rise office situated in Brussels. This landmark deal marks a new chapter for both companies and demonstrates their commitment to sustainability and quality in real estate.
About Monteco: A Unique Addition to Brussels' Skyline
Monteco, strategically positioned at the intersection of Rue Montoyer and Rue de l’Industrie, spans approximately 3,760 square meters of premium office space. It also includes 14 underground parking spaces, making it a highly desirable location for businesses. The property was redeveloped by Nextensa and ION between 2020 and 2022, transforming it into Brussels' first timber-structured high-rise office building. Since its completion, it has been completely leased to Bank Nagelmackers under a long-term agreement.
The Deal Significance
The recent sale of Monteco represents a property valuation of €28 million, highlighting the demand for sustainable and high-quality office spaces. This off-market transaction underscores the interest from institutional investors in properties that not only serve business needs but also align with environmentally conscious practices. Delta Real Estate AM acted as the exclusive advisor for the purchaser, further emphasizing the strategic choice of acquiring such a property.
Nextensa: Pioneering Urban Developments
Nextensa is an influential player in the mixed-use real estate market, focusing on investments and development throughout Europe. The company boasts a diverse investment portfolio that includes a substantial presence in Luxembourg, Belgium, and Austria. As of mid-2025, its total asset value stands at approximately €1.1 billion.
Major Projects and Developments
One of Nextensa's key projects includes the Tour & Taxis redevelopment in Brussels, covering over 350,000 square meters. Here, they focus on revitalizing historic buildings while integrating modern construction projects. Additionally, in Luxembourg’s Cloche d’Or area, they are involved in a significant urban extension project exceeding 400,000 square meters dedicated to offices, retail, and residential spaces. The company is publicly listed on Euronext Brussels, highlighting its robust market presence with a capital valuation of €426 million as of mid-2025.
ION: Transforming Real Estate Development
ION, renowned for its innovative approach to real estate development and investment, is another key player involved in the Monteco transaction. Being active across the Benelux region with an impressive project portfolio valued at €3.1 billion, ION focuses on delivering distinctive projects that combine architectural excellence with technical innovation.
Commitment to Sustainability and Quality
This firm's commitment to sustainability is evident through its various projects, which have been recognized for their quality and innovation. ION aims to redefine urban spaces with a forward-thinking perspective that not only addresses current needs but also anticipates future demands.
Looking Ahead: What's Next for Nextensa and ION?
With the sale of Monteco, both Nextensa and ION are expected to explore further opportunities in the real estate market. As the industry increasingly shifts towards sustainable development, these companies are well-positioned to lead the way in creating high-quality, eco-friendly office spaces that meet the demands of modern businesses. Investors can look forward to more strategic acquisitions and developments from both firms as they capitalize on emerging trends in the market.
Frequently Asked Questions
What is the significance of the Monteco building?
The Monteco building is notable for being the first timber-structured high-rise office in Brussels, representing a move towards sustainable building practices.
Who are the new owners of the Monteco building?
The Monteco building was sold to Caisse d’Épargne et de Prévoyance Hauts de France as part of the recent transaction.
What does Nextensa specialize in?
Nextensa specializes in mixed-use real estate investment and development across Europe, focusing on urban renewal projects that integrate sustainability.
What is ION's market focus?
ION is focused on innovative real estate development throughout the Benelux region, emphasizing architectural quality and sustainability in their projects.
How has the real estate market responded to the transaction?
The off-market sale reflects a strong demand among institutional investors for high-quality office buildings in prime locations, highlighting ongoing confidence in the real estate sector.
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