N
extensa NV: Charting a Sustainable Course
In a pivotal move, Nextensa is embracing a future-proof real estate strategy, with 2024 marking the beginning of its ambitious journey. This vision is exemplified by Proximus' decision to establish its headquarters at the Tour & Taxis site, where innovative architecture and high-quality design converge with modern sustainability standards.
The acquisition of a prime location next to Brussels North railway station will further solidify Nextensa's commitment to sustainability. The iconic Bel Towers, soon to be rebranded, will undergo a transformative makeover into a mixed-use destination, showcasing the company's dedication to maximizing reuse and recycling.
A significant milestone was achieved with the sale of Knauf Shopping Centers Luxemburg to Wereldhave group for €165.75 million. This strategic move enables Nextensa to focus on inner-city, sustainable projects, while also reducing its net debt position. The transaction includes a portion paid in shares of Wereldhave N.V., which will be placed with third-party investors.
In 2024, Nextensa successfully executed a divestment program, realizing a profit of €3.5 million from the sale of several properties, including Foetz, Hygge, and Brixton Business Park. The company also demonstrated financial discipline, achieving higher rental turnover (+€1.7 million) and decreasing property costs by €1.5 million due to increased occupancy rates.
By embracing bold choices and prioritizing sustainability, Nextensa is poised for growth and success in the ever-evolving real estate landscape.
realestate
Nextensa 2024 Report: Navigating Real Estate's Future with Strategic Decisions
Nextensa: Annual Results 2024 - Bold Choices for Future-Proof Real Estate
Read More - realestate

realestate
China Retail Sales, Output Lag, Missed Forecasts, Real Estate Slump
Industrial output growth fell to 5.2% in August from 5.7% in July, the lowest since Aug 2024, LSEG data shows.
Read More - realestate

realestate
Ohtani's attorneys allege misuse, seek to drop lawsuit
Ohtani and agent Nez Balelo seek dismissal of lawsuit claiming they caused Hawaii estate investor and broker to be fired.
Read More

realestate
Ohtani counsel allege likeness misuse in real estate deal, seek dismissal
Ohtani and agent file to dismiss lawsuit alleging they fired investor and broker from $240M Hawaiian luxury development.