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Luxembourg state buys Nextensa’s Ingeldorf retail property for €19.6M.
Nextensa, a Luxembourg-based real estate developer, sold a retail property in Ingeldorf to the Luxembourg State for €19.6 million.
The site, acquired in 2008 and including the Batiself building and Siemes Schuhcenter, is part of the company’s ongoing portfolio optimization.
The sale aligns with Nextensa’s strategy to streamline holdings amid broader industry trends toward asset rationalization.
The company, which operates in Luxembourg, Belgium, and Austria, did not disclose further financial details or plans for the proceeds.
The transaction reflects recent divestments, including stakes in Belgian REIT Retail Estates and the Monteco office building in Brussels.
El Estado de Luxemburgo compra la propiedad de Nextensa en Ingeldorf por 19,6 millones de euros.