Shares issued:  Class A - 168,412,323    Class B - 31,514,782

Halifax, Nova Scotia, Canada,  October 24, 2008  (TSX: HII.A &  HII.B
and NYSE Euronext  Amsterdam: HII)  -  Homburg Invest Inc.  ("Homburg
Invest" or  the  "Company")  announces  that  it  has  finalized  the
acquisition of two office buildings in The Netherlands.

The transaction  was completed  at  an aggregate  cost of  EURO  26.1
million (approximately CDN 41.2  million) including closing costs and
was completed by way of mortgage financing and cash.

The properties  are  located  in  Amsterdam and  Den  Bosch  and  are
situated on collectively 182,615 square  feet of land (16,965  square
metres). The  total  leaseable area  for  both buildings  is  110,120
square feet (10,230 square metres) with 129 parking places.

The buildings are fully leased. Den Bosch is leased for ten years  to
Quintig.   Quintiq's   CEO   was   recently   selected   Accelerating
Entrepreneur of  2008 by  Ernst &  Young. The  Amsterdam property  is
leased to 5  different tenants,  including Lowe &  Partners and  GITP
International with an average lease term of 6 years.

The building in Amsterdam is located near the Olympic Stadium and was
designed in the  early 1960's  by the  architect Aldo  van Eyck.  The
building was used famously as an orphanage and turned into offices in
1991. The  building  was  quoted  in  the  Top  1000  most  beautiful
architectural buildings of the world in 2002.

The building in Den Bosch is  located in the Office area  "Soetelieve
Noord" and was built in the late 1990's.

Both properties  are  built to  high  standards and  have  been  well
maintained with no deferred maintenance.

Homburg Invest Inc., 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.

                                -30-

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

This news release may  contain statements which  by their nature  are
forward looking and  express the Company's  beliefs, expectations  or
intentions regarding  future performance,  future events  or  trends.
Forward looking statements  are made  by the Company  in good  faith,
given management's  expectations  or  intentions  however,  they  are
subject to market conditions, acquisitions, occupancy rates,  capital
requirements, sources of funds, expense levels, operating performance
and other  matters.  Therefore, forward  looking  statements  contain
assumptions which are subject  to various factors including:  unknown
risks and uncertainties:  general economic  conditions; local  market
factors; performance of other third parties; environmental  concerns;
and interest rates, any of which  may cause actual results to  differ
from the  Company's good  faith beliefs,  expectations or  intentions
which have  been  expressed in  or  may  be implied  from  this  news
release. Therefore, forward looking statements are not guarantees  of
future performance  and  are  subject to  known  and  unknown  risks.
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. The Toronto Stock Exchange has neither approved
nor disapproved of the information contained herein.


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
http://hugin.info/138798/R/1263231/277255.pdf


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