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Nextensa sells workplace constructing Treesquare in


Brussels, 3 April 2023, 5.40 PM

Nextense sells workplace constructing Treesquare in Brussels to Mrs Funding Administration

The sale of Treesquarea totally let sustainable workplace constructing positioned within the coronary heart of the European district of Brussels, happened right now. The German KGAL Funding Administration bought the property for the online worth of 43.7 million euros by means of an asset deal.

As a number one unbiased funding and asset supervisor, KGAL Funding Administration (KGAL) has been energetic within the worldwide actual property market for a few years. The German group focuses on long-term investments for institutional and personal traders in actual property, sustainable infrastructure and aviation. Treesquare will change into a part of the pan-European KGAL Core 4 Actual Property fund.

The property matches completely into the funding technique of our KGAL Core 4 Actual Property fund, which mixes core, core-plus and value-add properties in prime areas in main European cities. Letting the ESG-compliant workplace constructing to a variety of solvent tenants from totally different sectors leads to an optimally diversified money circulate.

  • André Zücker, Managing Director of KGAL Funding Administration.

First-class workplace expertise in the greatest location in the nation

Treesquare affords a first-class workplace expertise at De Meeûs Sq. in Brussels’ European district, the perfect workplace location in Belgium. When the constructing got here into the fingers of Nextensa (then Leasinvest Actual Property) in 2004, it was totally leased to a diplomatic illustration to the European Union and a world firm. Between 2016 and 2018, it was demolished and rebuilt as a AAA constructing assembly the very best high quality requirements by way of sustainability and know-how. The renovated Treesquare, designed by Assar Architects, is supplied with photo voltaic panels, a double pores and skin facade with built-in photo voltaic shading, sensible local weather ceilings and a inexperienced roof. All parts that contribute to the sustainability profile of the constructing, which was awarded a “BREEAM Glorious” certificates in 2018. Treesquare consists of roughly 6,500 m² of flooring house distributed over 12 flooring and affords 32 parking areas. In the present day, the workplace constructing is totally leased to 12 AAA-tenants resembling Deutsche Börse, Netflix and Norton Rose.

The sale of Treesquare matches inside the technique of actual property investor and developer Nextensa to understand distinctive added worth by means of focused divestments inside its portfolio. On this method, Nextensa desires to have the ability to reply proactively to fascinating improvement alternatives that current themselves on the actual property market.

The sale of Treesquare is for Nextensa the reference of making worth. Nextensa purchased this constructing in 2004 and remodeled the asset right into a brand-new sustainable constructing. We’re very happy with this improvement and the sale of the constructing matches completely within the optimalisation of the LTV technique.

  • Michel Van Geyte, CEO of Nextensa

Nextensa was suggested by CBRE. KGAL was suggested by Allen & Overy, Arcadis and SPINE.


Nextensa SA is a combined actual property investor and developer. The corporate’s funding portfolio is split between the Grand Duchy of Luxembourg (41%), Belgium (44%) and Austria (15%); its complete worth as of 31/12/2022 was roughly € 1.28 billion.

As a developer, Nextensa is primarily energetic in shaping giant city developments. At Tour & Taxis (improvement of over 350,000 sqm) in Brussels, Nextensa is constructing a combined actual property portfolio consisting of a revaluation of iconic buildings and new constructions. In Luxembourg (Cloche d’Or), it’s working in partnership on a significant city extension of greater than 400,000 sqm consisting of places of work, retail and residential buildings.The corporate is listed on Euronext Brussels and has a market capitalization of €519.1 million (worth 31/12/2022).


KGAL is a number one unbiased funding and asset supervisor with a managed funding quantity of greater than 16 billion euros. The main target of its investments is on long-term actual capital investments for institutional and personal traders in Actual Property, Sustainable Infrastructure and Aviation. The pan-European group was based 55 years in the past and is headquartered in Grünwald close to Munich. 353 workers contribute to attaining sustainably secure earnings, considering return and threat features (as of 31 December 2022).



Michel Van Geyte | Chief Government Workplace

Gare Maritime, Picardstreet 11, B505, 1000 Brussels, Belgium

+32 2 882 10 08 |


Jacqueline Haben | Head of Advertising & Communications

Toelzer Str. 15, 82031 Grünwald, Germany

T +49 89 64143-051 | M +49 1520 2870010 |

  • EN_Nextensa_Sales Treesquare_20230403


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