Nextensa sells Retail Estates stake for €89.6m

Belgian mixed property developer and investor Nextensa has announced the sale of its entire 8.99% stake in the Belgian REIT, Retail Estates.

Retail Estates

The transaction was executed at €66.30 per share, yielding total proceeds of €89.6 mln. This represents a significant capital gain compared to the €61.50 per share valuation reported in Nextensa's half-year results.
This sale provides Nextensa with a substantial cash influx, reducing its debt ratio to under 40%. This strengthens the company's balance sheet and financial capacity, allowing for increased investment in future development projects.
This strategic move aligns with Nextensa's long-term vision of freeing up capital for reinvestment in innovative and sustainable urban development projects. The transaction is a result of a proactive investment policy and is independent of short-term market or sector volatility.
Michel Van Geyte, CEO of Nextensa, said: “Retail Estates has evolved in recent years into a particularly solid and successful company in its segment, with a unique track record. We are pleased to have been able to support this growth story as a shareholder for more than 25 years. With this transaction, Nextensa realises a clear capital gain and strengthens its financial base, enabling us to continue investing in sustainable urban developments that create value for the future.” 
As of June 30, 2025, Nextensa's investment portfolio, valued at approximately €1.1 bn, is distributed across Luxembourg (32%), Belgium (41%), and Austria (17%).
Nextensa focuses its development activities on large-scale urban projects. In Brussels, at Tour & Taxis (over 350,000 m2), Nextensa is creating a mixed-use real estate portfolio by redeveloping landmark buildings and constructing new properties. 
In Luxembourg's Cloche d'Or district, the company is partnering on a major urban expansion spanning more than 400,000 m2, encompassing office, retail, and residential buildings.