Homburg announces the closing of its $190,050,000 subscription receipt offering


    HALIFAX, NS, June 13 /CNW/ - Homburg Invest Inc. ("Homburg") announced
today that it has closed its previously announced offering of
36,200,000 subscription receipts at a price of $5.25 per subscription receipt
(the "Subscription Receipts") for gross proceeds of $190,050,000 to a
syndicate of underwriters was led by BMO Capital Markets (the "Underwriters").
Homburg has granted the Underwriters an option to acquire up to 5,430,000
additional Subscription Receipts, which is exercisable at any time during the
next 30 days.
    The offering of the Subscription Receipts is being made in all provinces
and territories of Canada by means of a final short form prospectus dated
June 5, 2007. The Subscription Receipts are listed for trading on the Toronto
Stock Exchange (TSX) under the symbol HII.R.
    The net proceeds of the offering will be used to repay the outstanding
balance of the senior and junior secured non-revolving bridge loans which were
put in place to finance the acquisition by Homburg Acquisition Inc., a
wholly-owned subsidiary of Homburg, of all of the issued and outstanding units
of Alexis Nihon Real Estate Investment Trust pursuant to the offer dated
February 27, 2007 at a price of $18.60 per unit, with the balance of the net
proceeds to be used for general corporate purposes.

    This press release is not an offering of securities for sale in the
United States. The securities have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an exemption from the registration
requirements of that Act. The securities may also not be offered or sold in
the European Economic Area, except in accordance with the Prospectus Directive
(2003/71/EC) and the national rules and regulations promulgated thereunder.

    Homburg, with its head office in Halifax, Nova Scotia, owns and develops
a diversified portfolio of quality real estate including office, retail,
industrial and residential apartment and townhouse properties throughout
Canada, the United States and Europe.

    Information and statements in this document, other than historical
information, should be considered forward-looking and reflect management's
current views of future events and financial performance that involve a number
of risks and uncertainties. Factors that could cause actual results to differ
materially include, but are not limited to, the following: general economic
conditions and developments within the real estate industry, competition and
the management of growth.
    %SEDAR: 00013330EF

For further information:

For further information: For further information: Mr. Richard Homburg,
Chairman and CEO, (902) 468-3395; For information on Homburg Invest Inc.,
visit our website at www.homburginvest.com

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