Nextensa’s Bold Projects for Future-Proof Real Estate

Nextensa, a leading real estate investor and developer, has reported strong financial and strategic performance in its latest annual results. The company remains focused on large-scale urban projects that prioritize innovation, efficiency, and long-term value.

By adapting to changing market demands, Nextensa continues to develop properties that combine commercial, residential, and retail spaces in key locations. Its commitment to high-quality construction and modern urban planning ensures that its projects meet the expectations of investors and tenants.

The company’s latest developments highlight its ability to transform urban landscapes while maintaining strong financial growth. One of Nextensa’s most significant accomplishments is the continued development of the Tour & Taxis site in Brussels.

This mixed-use project is designed to integrate office spaces, residential units, and retail areas within a single, well-connected environment. Tour & Taxis has attracted major tenants due to its modern design and strategic location.

By offering a blend of work, leisure, and living spaces, the project aims to create a vibrant urban hub. Nextensa’s focus on multi-use developments reflects its strategy to enhance urban centers with diverse, well-planned properties.

A key milestone for Nextensa is the agreement with Proximus, a major telecommunications company, to establish its headquarters at the Tour & Taxis site. Proximus will occupy 37,000 square meters, reinforcing the project’s appeal to leading corporations.

The company expects the lease agreement to be finalized in early 2025, further strengthening its position in the commercial real estate market. The presence of a major corporate tenant adds credibility to the development and increases its long-term value.

This partnership also highlights the attractiveness of Nextensa’s projects to businesses looking for high-quality office spaces. Beyond Brussels, Nextensa is expanding its portfolio with the acquisition of The Bel Towers near Brussels North railway station.

This project involves transforming the iconic Proximus towers into a mixed-use destination, maximizing reuse and modernizing the structures for contemporary needs. The redevelopment will include office spaces, commercial areas, and residential units, making it a key addition to Nextensa’s portfolio. This acquisition aligns with the company’s strategy of revitalizing existing properties while ensuring long-term profitability.

The redevelopment of The Bel Towers is expected to enhance the area’s appeal and increase property values. Nextensa’s investment portfolio is well-diversified across key markets, with holdings in Luxembourg, Belgium, and Austria. Luxembourg accounts for 43% of the portfolio, Belgium 42%, and Austria 15%, totaling approximately €1.2 billion in asset value.

The company actively manages and optimizes its portfolio by balancing acquisitions, developments, and divestments. This strategic approach allows it to maintain strong financial performance while expanding into new growth areas. The ability to adjust its portfolio based on market conditions ensures stability and continued profitability.

The company’s financial results reflect its success in executing its strategy. Nextensa’s rental income increased by €1.7 million compared to the previous year, representing 4.7% growth despite the sale of multiple properties.

These divestments, including a retail park in Zaventem and a retail building in Foetz, generated a profit of €3.5 million. The ability to sell assets at a profit while continuing to grow rental income demonstrates the effectiveness of Nextensa’s asset management.

Its strong financial results position the company for further investments and new developments. Nextensa’s projects emphasize efficient design and high-quality construction, ensuring long-term value for investors and tenants.

By integrating office, retail, and residential spaces into single developments, the company creates self-sustaining urban hubs. These mixed-use projects not only improve urban planning but also attract diverse tenant groups. This approach reduces the risks associated with single-use developments and enhances overall project stability.

The integration of multiple functions within a single project contributes to more vibrant and resilient communities. The redevelopment of existing properties plays a crucial role in Nextensa’s strategy. The company prioritizes upgrading and repurposing buildings to maximize their potential and extend their lifespan.

This approach allows it to increase property values while reducing development costs associated with new construction. By focusing on the modernization of key assets, Nextensa ensures that its projects remain competitive in changing market conditions. The emphasis on reusing existing structures also aligns with market trends favoring efficient and cost-effective development.

Looking ahead, Nextensa plans to continue expanding its portfolio with new acquisitions and large-scale projects. The transformation of The Bel Towers is a key initiative that will set a benchmark for modern mixed-use developments.

The company also remains focused on further optimizing its real estate holdings to maximize returns. By balancing new investments with strategic property management, Nextensa aims to maintain steady growth. Its ability to adapt to market demands and execute large projects positions it well for continued success.

Nextensa’s annual results highlight the company’s strong position in the real estate market and its ability to execute ambitious projects. The focus on large, well-planned developments ensures that its properties remain attractive to tenants and investors.

By continuously improving its portfolio and pursuing strategic opportunities, the company is shaping the future of urban real estate. Its ability to deliver high-quality, multi-use projects reinforces its reputation as a leader in the industry. Nextensa’s strategic decisions and project execution will continue to drive its growth in the coming years.