Nextensa NV/SA
0NUT.L
London Stock Exchange47.29
EUR
+0.69
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Nextensa NV/SA
0NUT.L
(London Stock Exchange)
Recent
price
47.29
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Nextensa NV/SA (Euronext Brussels: NEXTA.BR), formerly known as Leasinvest Real Estate following its merger with Extensa Group in 2021 to form the rebranded Nextensa, operates as a regulated Belgian public real estate company (RREC) and mixed-use real estate investor and developer focused on sustainable urban projects; it owns and manages a diversified portfolio of office, retail, logistic, semi-industrial, and residential properties while advancing large-scale developments emphasizing environmental, social, and governance (ESG) principles. The company's investment portfolio, valued at approximately EUR 1.3 billion as of the latest reporting, comprises 27 buildings with 382,335 square meters of leasable space distributed by asset type as retail (42%), offices (39%), and other uses including logistics and semi-industrial (19%); it is geographically allocated across Belgium (42%), the Grand Duchy of Luxembourg (43%), and Austria (15%), with key assets rented to tenants in sectors such as services, retail, finance, industry, government, and transport. As a developer, Nextensa shapes major urban mixed-use initiatives including the Tour & Taxis redevelopment in Brussels (over 350,000 square meters of offices, residential, retail, and public spaces), the Cloche d'Or urban extension in Luxembourg (over 400,000 square meters of offices, retail, and housing in partnership), and the BEL Towers (formerly Proximus Towers) acquisition adjacent to Brussels North Station for mixed-use redevelopment covering 115,000 square meters; the development pipeline totals around 306,000 square meters under construction or planning. Founded in 1988 and headquartered at Rue Picard 11, 1000 Brussels, Belgium, Nextensa employs 73-77 staff and serves institutional investors, corporate tenants, and communities through subsidiaries such as Leasinvest Services SA, Leasinvest Immo Lux SA, and Kadmos Immobilien Leasing GmbH. Recent strategic developments include the June 2024 sale of Bronze Gate office property in Luxembourg to REInvest for EUR 65 million in partnership with Promobe Grossfeld; Proximus's April 2025 selection of Tour & Taxis for its headquarters via a new pre-let at Side office alongside Nextensa's EUR 18 million acquisition of BEL Towers planning permit from Immobel; divestitures in H1 2025 such as Hygge office (EUR capital gain included) and others totaling EUR 230 million including Knauf Pommerloch; the landmark sale of Kuf shopping center in Luxembourg to Werhahn for EUR 165.75 million, the largest transaction in that market recently; Q3 2025 sales of Retail Estates and Monteco in Belgium; a 41% net profit increase to EUR 19.9 million in H1 2025 driven by development gains, lower financing costs, and like-for-like rental growth from higher occupancy; and ongoing sustainability advancements like BREEAM Excellent certification pursuits.