Nextensa becomes one of Belgium’s largest listed real estate companies

INVESTMENT

Leasinvest and Extensa join forces and become NEXTENSA announced yesterday the new name of their integrated property group.The merger of the two real estate companies results in a unique market position. The merger gives Nextensa immediate access to the best of both worlds: a proven track record as an international property investor and impressive knowhow in (re)developments. Nextensa combines recurring rental income from real estate investments with the capital gain potential of development.

Earlier this year, investment group Ackermans & Haaren (AvH) decided to merge the two property companies, which have been part of its portfolio since the 1990s. Until recently, LRE was a regulated real estate investment company (GVV/SIR) active in the high-end office and retail segment in Belgium, Luxembourg and Austria. With this merger and the incorporation of the iconic built heritage of Tour & Taxis, Cloche d’Or and other sites it adds around 280 million euros to the group’s investment portfolio. Nextensa becomes one of Belgium’s largest listed real estate companies, with a consolidated balance sheet total of 1.9 billion euros.

CEO Michel Van Geyte comments: “The synergy between Leasinvest and Extensa enables us to already today announce our new name, Nextensa. This perfectly reflects our mission: to be a next-gen real estate investor/property developer. It is the optimal structure for the creation of great places to live, work, shop and have fun. Essentially places you prefer,”. Nextensa aims to build on that basic principle to create a new concept of what a city can offer. The wants and needs of occupiers will always be Nextensa’s main focus. As will a fully developed sustainability vision and a positive social impact. As well as assets and visions, the Leasinvest and Extensa teams also bring complementary expertise.

The new united Nextensa team moves into the brand-new head office at Gare Maritime, the recently renovated flagship of Tour & Taxis.