Nextensa: HALF YEAR RESULTS 2024
August 13 2024 - 11:40AM
UK Regulatory
Nextensa: HALF YEAR RESULTS 2024
REGULATED INFORMATION
Brussels, 13 August 2024, 5:40 PM
HALF YEAR RESULTS 2024
HIGHLIGHTS
DEVELOPMENT PROJECTS
• A binding sales agreement was signed in early August for the
‘Stairs’ office project, at Cloche d’Or in Luxembourg, for a price
of € 107.5 M. This sale will be completed after the delivery 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
start the first deliveries by the end of 2024.
• The first phase of Park Lane at Tour & Taxis is practically
sold out, thanks to reservations or sales of the last commercial
ground-floor units.
INVESTMENT PROPERTIES
• Despite some sales of buildings in 2023 and 2024, rental income
is € 1.0 M higher than in the first half of 2023.
• The Tour & Taxis site continues to attract more and more
visitors with its wide range of activities. The increase in events
generates additional rental income and higher occupancy of the car
parks and the Food Market. All this results in like-for-like rental
growth on the entire portfolio of +5% in the first half of 2024
compared to 2023.
• The sale of the shares in the company that owns the ‘Hygge’
office building in Luxembourg City in May was realised at a yield
of 4.50% and with a capital gain of € 1.6 M.
ACTIVE FINANCIAL MANAGEMENT
• Stable debt ratio of 44.61%, which will be further reduced
through targeted divestments.
• Nextensa’s shareholders participated in the optional dividend
with 71% of their shares. This strengthened Nextensa’s equity by
EUR 7.5 M.
NET RESULT
• Net income (group share) was € 14.1 M or € 1.39 per share.
About Nextensa
Nextensa is a mixed-use real estate investor and developer.
The company’s investment portfolio is divided between the Grand
Duchy of Luxembourg (43%), Belgium (42%) and Austria (15%); its
total value as at 30/06/2024 was approximately € 1.3 billion.
As a developer, Nextensa is primarily active in shaping large
urban developments. At Tour & Taxis (development of over
350,000 sqm) in Brussels, Nextensa is building a mixed real estate
portfolio consisting of a revaluation of iconic buildings and new
constructions. In Luxembourg (Cloche d’Or), it is working in
partnership on a major urban extension of more than 400,000 sqm
consisting of offices, retail and residential buildings.
The company is listed on Euronext Brussels and has a market
capitalisation of € 432 M (value 30/06/2024).
For more information
Tim Rens | Chief Financial Officer
Nextensa NV | 0436.323.915 (RLE Brussels, Dutch-speaking
division)
Gare Maritime, Picardstraat 11, B505, 1000 Brussels
+32 2 882 10 08 | investor.relations@nextensa.eu
www.nextensa.eu
- NEX_Persbericht Q2 Results_ENG
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