REGULATED INFORMATION
Brussels, 13 August 2024, 17:40
HALF-YEAR RESULTS 2024
HIGHLIGHTS
DEVELOPMENT PROJECTS
• At the beginning of August, a binding purchase agreement was signed for the “Stairs” office project in Cloche d’Or in Luxembourg for a price of €107.5 million. This sale will be completed upon completion of the building, which is expected in the second quarter of 2026.
• Sales of the second phase of the Park Lane residential project at Tour & Taxis continue to run smoothly. To date, 78% of the apartments have already been sold or reserved, thanks to 34 additional sales since the end of March. The site is on track to begin first deliveries in late 2024.
• The first phase of Park Lane at Tour & Taxis is virtually sold out thanks to reservations or sales of the last commercial ground floor units.
Investment properties
• Despite some building sales in 2023 and 2024, rental income is €1.0 million higher than in the first half of 2023.
• The Tour & Taxis location continues to attract more and more visitors with its wide range of offerings. The increase in events leads to additional rental income and higher occupancy of the parking spaces and the food market. All this leads to a comparable rental growth of the entire portfolio of +5% in the first half of 2024 compared to 2023.
• The sale of the shares in the owner company of the “Hygge” office building in Luxembourg City in May was realized with a return of 4.50% and a capital gain of €1.6 million.
ACTIVE FINANCIAL MANAGEMENT
• Stable debt ratio of 44.61%, which will be further reduced through targeted divestments.
• Nextensa shareholders participated in the optional dividend with 71% of their shares. This strengthened Nextensa’s equity by EUR 7.5 million.
NET PROFIT
• Net profit (Group share) amounted to €14.1 million or €1.39 per share.
About Nextensa
Nextensa is an investor and developer of mixed-use real estate.
The company’s investment portfolio is spread across the Grand Duchy of Luxembourg (43%), Belgium (42%) and Austria (15%); its total value as of June 30, 2024 was around EUR 1.3 billion.
As a developer, Nextensa is mainly involved in the design of large urban developments. At Tour & Taxis (development of over 350,000 m²) in Brussels, Nextensa is building a mixed real estate portfolio consisting of a revaluation of iconic buildings and new construction. In Luxembourg (Cloche d’Or), the company is working in partnership on a large urban extension of more than 400,000 m² consisting of offices, retail and residential buildings.
The company is listed on Euronext Brussels and has a market capitalization of €432 million (value as of June 30, 2024).
More information
Tim Rens | Chief Financial Officer
Nextensa NV | 0436.323.915 (RLE Brussels, Dutch-speaking department)
Gare Maritime, Picardstraat 11, B505, 1000 Brussels
+32 2 882 10 08 | [email protected]
www.nextensa.eu
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