Halifax, Nova Scotia, Canada, 15 februari 2008 - Homburg Invest Inc. ("Homburg Invest" of "de Onderneming") (TSX: HII.A & HII.B; AEX: HII ) heeft vandaag haar financiële resultaten gerapporteerd voor het vierde kwartaal en het gehele boekjaar eindigend op 31 december 2007. (Alle bedragen staan vermeld in Canadese dollars, tenzij anders aangegeven)

"2007 was een jaar van strategische activiteit die geresulteerd heeft in een uitzonderlijke winstgroei voor Homburg Invest," aldus bestuursvoorzitter en CEO Richard Homburg. "De mijlpaalacquisities van Alexis Nihon REIT en het Central Station Complex in Montreal, Canada, zijn slechts twee van de vele transacties die gedurende 2007 hebben bijgedragen aan de sterke groei van onze activa, opbrengsten, winst en 'funds from operations'. Deze significante transacties, alsmede de acquisities die wij hebben gedaan in de Baltische Staten, in Nederland en in het oosten van de Verenigde Staten, betekenen een verdere versterking van onze internationaal goed gespreide en evenwichtige vastgoedportefeuille en bewijzen dat wij in staat zijn om significante waarde voor onze aandeelhouders te creëren."

Key Financial Results for the full year ended December 31, 2007
(Homburg Invest Inc. prepares its financial results under both Canadian Generally Accepted Accounting Principles (CDN GAAP) and International Financial Reporting Standards (IFRS)).

IFRS CDN GAAP
Year ended December 31, 2007
2007 2006 2007 2006
Thousands of CDN $, except per share items
Total revenue $486,259 $253,094 $465,935 $176,869
Net earnings from continuing operations
$142,654 $94,766 $81,327 $22,962
Net earnings
$140,495 $94,766 $79,168 $22,962

Funds from operations (note)
$98,718 $39,237 $127,399 $39,237

Basic earnings per share
$0.92 $0.92 $0.52 $0.22
Diluted earnings per share
$0.88 $0.86 $0.49 $0.21
Funds from operations per share (note)
$0.65 $0.38 $0.84 $0.38

Revenues under IFRS for the year ended December 31, 2007, were $486.3 million, a 92% increase over revenues of $253.1 million in 2006. The increase in revenue was driven by an 81% increase in property revenues, to $211.0 million, and a 315% increase in sales of properties held for resale. This strong increase in revenues is a result of significant growth in property assets, starting in mid 2006; the acquisition of the Alexis Nihon REIT in the first six months of 2007; the recent acquisition of the Central Station Complex in Montreal; the acquisition of a portfolio of properties in the Baltic states of Estonia and Lithuania; the acquisition of the Cedar Shopping Centers portfolio in the United States; and increased sales from our development pipeline.

Canadian GAAP net earnings for the year ended December 31, 2007, rose 245% to $79.2 million, or $0.49 per diluted share, compared to net earnings of $23 million or $0.21 per diluted share the previous year. For the same period, IFRS net earnings rose 48.3% to $140.5 million, or $0.88 per diluted share. For the three-month period ended December 31, 2007, GAAP net earnings were $64.0 million, or $0.34 per diluted share, a substantial increase over net earnings of $5.5 million or $0.04 per diluted share in 2006. IFRS net earnings for the quarter rose 41% to $73.5 million, or $0.46 per diluted share.

Funds from Operations ("FFO"-note) using CDN GAAP increased to $127.4 million for the year ended December 31, 2007, from $39.2 million last year. For the three months ended December 31, 2007, Funds from Operations were $86.8 million compared to $12.5 million in the same quarter last year. The increase was driven primarily by the Company's steady portfolio growth and its development pipeline producing sales.

The Company's acquisition and management strategy has created a strong portfolio that has a net asset value ("NAV"-note) under IFRS of $4.78 at December 31, 2007. This NAV does not reflect the inherent values in the Company's development pipeline, or remaining profit from the sale of Homburg Harris to be recognized under the percentage of completion accounting method in 2008 and 2009. Management's opinion is that these items will add significantly to the existing NAV.

"We achieved solid financial and operating performance in 2007," said Mr. Homburg. "As a result of our growing asset base, increasing at December 31, 2007, to approximately $3.5 billion (approximately $3.8 billion under IFRS) from $2.2 billion ($2.4 billion under IFRS) and our successful track record, we are increasingly recognized in both North America and Europe as a partner of choice with a reputation for managing and developing major urban properties. We are blessed with a strong management team, strong financial capability, and a reputation that attracts an increasing flow of potentially attractive transactions."

Fourth Quarter 2007 Transactions Drive Value

Following on the closing in April 2007 of the $1-billion Alexis Nihon REIT transaction, the subsequent sale of that REIT's industrial and suburban office portfolio for $592 million in June of 2007, and the Company's $219 million Class A share issue in July, Homburg was in a strong financial position to continue to aggressively pursue its growth strategy through the remainder of the year.

During the fourth quarter ended December 31, 2007, Homburg Invest initiated and or completed several accretive transactions that are expected to provide significant long term growth.

On November 16, 2007, Homburg Invest announced that it had entered into a joint venture with a large German pension fund, for the sale to the fund of the Homburg Harris Centre in Calgary for $376 million. Under the joint venture agreement, Homburg Invest acquired a 10% interest in the property holding company.

On November 30, Homburg Invest closed the acquisition of the CN Central Station Complex for $355 million under a sale-and-leaseback arrangement with Canadian National Railway ("CN".) Under the agreement, CN leased back its 17-story office tower and the Central Station railway passenger facilities on a long-term basis.

On December 10, 2007, Homburg announced its arrangement with Cedar Shopping Centers Inc., ("Cedar") through which Homburg acquired an 80% interest in a joint venture with Cedar to own and operate eight shopping centres in Pennsylvania and one property in Massachusetts. The properties, which are managed by Cedar, were purchased for US $170 million.

Finally, on December 21, 2007, Homburg finalized the acquisition of 37 properties in the Baltic states of Estonia and Lithuania from SEB Group. Twenty-two of the properties are occupied by SEB under long-term leases and 15 properties are primarily leased to other tenants or have short-term leases. The transaction was completed at an aggregate purchase price of approximately $220 million.

With the closing of these transactions in the fourth quarter, along with acquisitions and disposals made earlier in 2007, Homburg Invest has added approximately $1.4 billion under IFRS in additional assets to its balance sheet since January 1, 2007, driving both higher revenues and increased funds from operations going into 2008 and beyond.

Mr. Homburg concluded: "All of the transactions we completed in the fourth quarter, and indeed throughout 2007, demonstrate our commitment to a strategy of geographic and sector diversification. We build value in many of these transactions by negotiating sale-and-leaseback transactions with solid partners in order to provide stable, long-term cash flows. The combination of these elements into one strategy provides us with a unique business model that investors can count on to create value and new growth opportunities on a consistent basis."

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 Europe.

For further information, please contact:
Mr. Richard Homburg,
Chairman and CEO
Homburg Invest Inc.
902-468-3395
or
J. Richard Stolle
President and COO
Homburg Invest Inc.
31-20-573-3855