HOMBURG INVEST INC.
PURCHASE OF FOUR LARGE COMMERCIAL PROPERTIES IN THE NETHERLANDS
Shares issued: Class A - 80,377,214 Class B - 30,897,438

HALIFAX, June 23, 2006/CNW/ - Richard Homburg, Chairman and CEO of Homburg Invest Inc. (Euro next Amsterdam: HII, TSX: HII.A and HII.B) ("Homburg Invest"
or "the Company"), announces that the Company has completed its purchase of four large commercial properties in The Netherlands. The acquisition was originally announced in November 2005.

The four commercial properties include the KPN Telecom Head Office in Groningen, the Philips Lighting Headquarters and Research facilities in Eindhoven and two David Lloyd facilities in Rotterdam. All four properties are leased by world-class, triple A, public companies on a long -term lease basis. The aggregate cost to Homburg Invest for these properties amounted to approximately CAD $196 million (EUR 140 million) and was financed by newly arranged long term financing of CAD $145 million (EUR 103 million), cash of CAD $18 million (EUR 13 million) and Class A shares of Homburg Invest totalling CAD $33 million (EUR 24 million). This resulted in the issue of 5,950,000 Class A Subordinate Voting Shares at $ 5.60 per share.

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 Western Europe.

The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
Bron : Homburg