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.
The Homburg-Harris Centre is a two-tower office complex located in the central business district of Calgary.
Upon completion, it will feature a total area of more than 600,000 sq. ft. of office space and parking for close to
400 cars.
“Homburg Invest Inc. is very pleased to have been able to take advantage of the international scope of its
operations to enter into this venture with DEGI, one of Germany’s most dynamic pension funds,” said Richard
Homburg, Chairman and CEO of Homburg Invest Inc. “We are looking forward to a long and mutually beneficial
relationship on this and hopefully, many more transactions.”