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✨ Nextensa strengthens its future focus ✨ We are pleased to announce that Nextensa has sold its entire 8.99% stake in Belgian REIT Retail Estates, resulting in proceeds of €89.6 million. This transaction strengthens our balance sheet, lowers our debt ratio below 40%, and gives us the financial capacity to reinvest in our strategic urban development projects such as Lake Side at Tour & Taxis, the BEL Towers transformation in Brussels, and the Cloche d’Or expansion in Luxembourg. We would also like to express our sincere appreciation to Retail Estates. Over more than 25 years, we have been proud to support and share in their remarkable growth journey. As CEO Michel Van Geyte said: “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.” 🔗 See link to full press release here: https://lnkd.in/eqrEjp2N

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Jean-Louis Appelmans

Former CEO Leasinvest Real Estate

2w

Zeer mooie transactie, proficiat Michel en team! Ik ben zeer vereerd om met Leasinvest Real Estate/Nextensa deel te hebben genomen als een lange termijn investeerder in Retail Estates dat een fantastische groei in deze 25 jaar heeft gekend onder een zeer ervaren management! Proficiat en succes aan zowel Nextensa en Retail Estates!

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