Nextensa Powers Into 2025: Strategic Sales, Smart Acquisitions, and a Sustainable Vision for Growth

Nextensa Kicks Off 2025 With Strategic Momentum and a Green-Focused Growth Blueprint

Brussels – Real estate investment company Nextensa has launched into 2025 with strong strategic clarity and bold execution, announcing a robust Q1 performance that underscores its transformation into a more agile, sustainable, and future-ready player in the European real estate market.

The company revealed a net result of €7.8 million, a year-over-year increase from €7.0 million, driven by focused asset repositioning, premium property acquisitions, and an expanding footprint in key urban redevelopment projects.

From Retail to Resilience: A Portfolio Reimagined

The quarter’s headline move was the €165.75 million sale of the Knauf Shopping Centers (Pommerloch & Schmiede) to Wereldhave, completed on 13 February. This divestment marks a strategic retreat from legacy retail and frees up capital for investments aligned with Nextensa’s long-term value and sustainability mandate.

“With this sale, we’re not just exiting an asset, we’re entering a new phase,” said a Nextensa spokesperson. “The capital unlocked will be deployed into high-growth, future-focused urban developments.”

Brussels’ North and Tour & Taxis: Twin Engines of Urban Revival

In a double win for Brussels, Nextensa both secured Proximus as a long-term tenant and acquired the iconic Proximus Towers, reinforcing its stronghold in the capital’s most dynamic districts.

• Tour & Taxis continues to evolve as a flagship for sustainable urban living. With Proximus confirming its future headquarters in the newly pre-let LakeSide office building, the final phase of the site gains significant momentum, further solidifying Tour & Taxis as Brussels’ innovation hub.
  
• On 2 April, Nextensa acquired the Proximus Towers for €62.5 million, a landmark investment in Brussels’ North district. These skyscrapers, with their commanding presence and architectural significance, align with the company’s pivot toward high-value, sustainable office assets.
  

Development Pipeline: Steady Sales, Solid Starts

Across its active development projects, Nextensa is showing healthy progress:

• At Cloche d’Or in Luxembourg, construction has begun on the new office building “The Stairs”, with delivery and sale to State Street expected by Q1 2026. Meanwhile, residential stock is nearing depletion, with just 17 apartments unsold.
  
• Tour & Taxis’ Park Lane Phase II continues to perform well in residential sales, averaging 2 apartments per week, with 322 of 346 units sold by the end of Q1.
  

Rental Performance and Operating Efficiency

Like-for-like rental income jumped 9%, driven by renovated assets such as Moonar (Luxembourg) and Vösendorf 16 (Austria), as well as the strong performance of Tour & Taxis. However, nominal rental income saw a 10.2% decline due to divestments in late 2024 and early 2025 an expected trade-off as Nextensa repositions its portfolio.

Operational discipline also delivered results, with property operating costs down by 3%, reflecting improved asset efficiency and cost control.

Stronger Balance Sheet, Lower Cost of Capital

The company’s financial management remains disciplined and forward-looking:

• The average cost of financing dropped from 2.86% to 2.79%, thanks to smart interest rate hedging and a reduction in debt.
  
• With the Knauf sale, Nextensa brought its net Loan-to-Value (LTV) ratio below 40%, reinforcing its balance sheet flexibility and readiness to fuel upcoming development projects.
  

Outlook: Building Beyond the Balance Sheet

Nextensa’s Q1 results tell the story of a company not only reshaping its portfolio but reimagining its role in the cities of tomorrow. From climate-smart construction to green-certified assets, the company is positioning itself as a leader in regenerative urban development, where long-term returns are measured in both profits and planetary impact.

With major tenants secured, landmark acquisitions made, and new developments breaking ground, Nextensa isn’t just building spaces, it’s building a legacy.

“This quarter is just the beginning,” the company stated. “Our strategy is clear: create value, sustainably and smartly, in every square meter we touch.”