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Homburg Invest Inc.

Homburg Invest Inc.

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Publicatie datum 16 nov 2007 - 14:13
Statutaire naam Homburg Invest Inc.
Titel HOMBURG INVEST INC. ENTERS INTO $376-MILLION JOINT VENTURE WITH DEGI INTERNATIONAL FOR MAJOR OFFICE REAL ESTATE PROJECT IN CALGARY
Bericht HALIFAX, NOVA SCOTIA, November 16, 2007 - Homburg Invest Inc. (TSX: HII.A & HII.B and AEX: HII) has entered into a joint venture with DEGI Deutsche Gesellschaft für Immobilienfonds mbH, a German pension fund, for the sale to DEGI of the Homburg-Harris Centre in Calgary for CAD$376 million. Under the joint venture agreement, Homburg Invest Inc. acquires a 10 % holding in the newly established property holding company while Homburg Canada Inc. will be handling local management of the property.