(Source: Calgary Herald)

Homburg Invest Inc. says it is creating a new Canadian real estate investment trust that will have assets worth about $1 billion.

Richard Homburg, chief executive of the REIT, said the company is going to be reorganized along geographic lines with five new entities, one of which will be Homburg Canada REIT.

Homburg Canada REIT will have its head office in Montreal and its assets will include Place Alexis Nihon commercial centre and the CN Central Station Complex, both in Montreal, and the Confederation Court Mall complex in Charlottetown, along with other properties in Atlantic Canada, Alberta, Ontario and Quebec.

Read the full article “Homburg to create REIT with $1B in assets” in the Calgary Herald (December 17, 2009).

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