Nextensa Completes Strategic Sale of Retail Property in Luxembourg
Nextensa Completes Strategic Sale of Retail Property in Luxembourg
Nextensa, a dynamic player in the real estate sector, has recently finalized the sale of a retail site located in Ingeldorf to the State of the Grand Duchy of Luxembourg. This significant transaction aligns perfectly with the company's ongoing efforts to optimize its real estate portfolio.
Details of the Transaction
In this structured asset deal, Nextensa will receive a net amount of €19.6 million. The property, which has been part of Nextensa's portfolio since 2008, features a Batiself building alongside an extension that houses Siemes Schuhcenter. This sale marks a pivotal moment for Nextensa, indicating not only financial growth but also reaffirming the company’s commitment to enhancing its operational efficiencies.
Strategic Importance of the Sale
The recent sale is a key component of Nextensa's strategy to optimize its asset base while confidently marching towards its sustainability goals. By divesting this asset, the company is positioning itself to reinvest in opportunities that align more closely with its long-term strategic vision. The decision reflects a keen understanding of market dynamics and the importance of maintaining a balanced portfolio that can adapt to changing economic landscapes.
About Nextensa
Nextensa stands out as a mixed-use real estate investor and developer with a broad portfolio that spans various regions. Approximately 32% of its investments are located in the Grand Duchy of Luxembourg, with Belgium and Austria comprising 51% and 17% of its holdings, respectively. As of the mid-year mark, the total value of Nextensa’s real estate portfolio was around €1.1 billion.
Major Developments and Future Plans
As a forward-thinking developer, Nextensa is actively involved in several large urban development projects. A notable example is the ambitious Tour & Taxis project in Brussels, covering over 350,000 square meters. Here, Nextensa is revitalizing iconic structures while introducing new constructions to create a versatile real estate portfolio. Additionally, in Luxembourg's Cloche d’Or area, the company is part of a massive urban extension project exceeding 400,000 square meters, which will include office spaces, retail establishments, and residential complexes.
Market Presence
Nextensa is publicly listed on Euronext Brussels, maintaining a robust market capitalization of approximately €426 million, as of June 30, 2025. This steady presence on the stock exchange underlies the company's credibility and its ongoing pursuit of growth through strategic investments.
Contact Information
For further inquiries, stakeholders and interested parties can reach out to Michel Van Geyte, the Chief Executive Officer of Nextensa NV/SA. He can be contacted at the following:
Michel Van Geyte | Chief Executive Officer
Nextensa NV/SA
Phone: +32 2 882 10 08
Email: investor.relations@nextensa.eu
Address: Gare Maritime, Picardstraat 11, B505, 1000 Brussels
Frequently Asked Questions
What property did Nextensa sell recently?
Nextensa sold a retail site located in Ingeldorf to the State of Luxembourg.
How much was the sale worth?
The transaction was valued at €19.6 million.
When was the sale announced?
The sale was announced in September 2025.
What is Nextensa’s focus area?
Nextensa is focused on mixed-use real estate investments and urban development projects.
Where is Nextensa listed?
Nextensa is listed on Euronext Brussels under the ticker NEXTA.
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