Nextensa sells retail park in Vienna to Union Investment

Core Insights - Nextensa has sold its retail park Gewerbepark Stadlau in Vienna to an open-ended special real estate fund managed by Union Investment, with the transaction valued at € 35.95 million [2][3]. Group 1: Transaction Details - The retail park, located in Donaustadt, Vienna's 22nd district, was originally built in 1996 and underwent extensive restructuring in 2016, expanding by approximately 3,000 m² [2]. - The asset features a lettable area of nearly 11,000 m² and is currently fully let, with anchor tenants including TK Maxx, Intersport, Lidl, and dm [2]. Group 2: Strategic Alignment - This sale aligns with Nextensa's strategy to optimize its real estate portfolio while pursuing sustainability objectives [3]. Group 3: Company Overview - Nextensa is a mixed-use real estate investor and developer, with its investment portfolio distributed across Luxembourg (31%), Belgium (52%), and Austria (17%), totaling approximately € 1.1 billion as of September 30, 2025 [4]. - The company is actively involved in large urban developments, including projects in Brussels and Luxembourg, focusing on a mix of offices, retail, and residential buildings [5]. - Nextensa is listed on Euronext Brussels, with a market capitalization of € 423 million as of September 30, 2025 [6].