realestate

Nextensa 2024 Report: Navigating Real Estate's Future with Strategic Decisions

Nextensa: Annual Results 2024 - Bold Choices for Future-Proof Real Estate

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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.

Real estate professionals gather at Nextensa 2024 conference, discussing strategic decisions.