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Nextensa and ION sell Monteco, the first high rise timber office building in Brussels
Globenewswire· 2025-09-17 15:55
Group 1 - Nextensa and ION have completed the sale of 100% of their shares in Monteco BV, which owns the Monteco building in Brussels, to Caisse d'Épargne et de Prévoyance Hauts de France [1][2] - The Monteco building, located in the Brussels EU District, offers approximately 3,760 m² of prime office space and 14 underground parking spaces, and has been fully occupied by Bank Nagelmackers under a long-term lease since its completion [2][3] - The transaction reflects a property valuation of €28 million, indicating strong demand for high-quality and sustainable office buildings in prime locations [2][3] Group 2 - Nextensa's investment portfolio is diversified across Luxembourg (32%), Belgium (51%), and Austria (17%), with a total value of approximately €1.1 billion as of June 30, 2025 [4] - ION is a leading project developer and real estate investor in the Benelux region, with a market value of projects under development amounting to €3.1 billion [6] - Both companies are recognized for their commitment to sustainable development and high architectural quality, with ION's project awarded Best New Development at MIPIM 2025 [6]
