Homburg Invest Inc. announces the acquisition of assets in the Baltics

    Shares issued: Class A - 100,051,139  Class B - 31,514,782

    HALIFAX, April 26 /CNW/ - (TSX: HII.A & HII.B and AEX:HII) - Homburg
Invest Inc. ("Homburg Invest" or "the Company") announces that it has entered
into an agreement to acquire a portfolio of 63 properties located in Estonia,
Latvia and Lithuania (the "Baltics") from SEB Group.
    The transaction which is expected to close during third quarter of 2007,
will result in the acquisition of a portfolio consisting of 47 properties
which will be occupied by SEB Group under long term leases and 16 properties
which are primarily leased to other tenants or which SEB Group intends to
occupy on short term leases. The properties will be acquired at an aggregate
price of EURO 197,000,000 (approximately CAD $300,000,000). Debt financing
will be provided up to 80% of the aggregate purchase price.
    "The acquisition by Homburg Invest of this sale and lease back portfolio
is consistent with its stated policies for growth and geographic
diversification. The timing is good due to strong economical growth with
increased demands for office space. The portfolio consists primarily of larger
properties with significant potential in attractive locations.
    "The Homburg group has been active in the Baltic region for several years
with a local management company. The aim is to become a major player in the
Baltic market by developing and managing a diversified portfolio of projects.
Based on the existing infrastructure and good real estate opportunities in the
Baltic states at this time, we are very pleased to announce this strategic
acquisition. We believe that by having SEB as a long term lessee in quality
real estate, the acquisition will be accretive to Homburg Invest. It also
gives the Company a platform for further expansion in this region," says
Richard Homburg, Chairman and CEO of Homburg Invest.
    The SEB Group is a North European financial group 400,000 corporate
customers and institutions and 5 million private customers. SEB has local
presence in the Nordic and Baltic countries, Germany, Poland, the Ukraine and
Russia and has a global presence through its international network in another
10 countries.
    On 31 December 2006, the Group's total assets amounted to SEK 1,934bn
(approx. CAD 320 billion) while its assets under management totalled SEK
1,262bn (approx. CAD 209 billion). The Group has about 20,000 employees. Read
more about SEB at www.sebgroup.com.
    The Baltic states have benefited from membership in the European Common
Market since 2004. All have demonstrated growth above the European average.
Local currencies are pegged to EURO.

    Homburg Invest, 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 Western Europe.

    The Toronto Stock Exchange has neither approved nor disapproved of the
    information contained herein.
    %SEDAR: 00013330E

For further information:

For further information: Mr. Richard Homburg, Chairman and CEO, (902)
468-3395; Mr. Michael Arnold, CA, Vice Chairman, (902) 566-1153;

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