Homburg Invest Inc is a Canadian based real estate and investment company, established in 2000. We manage, acquire and develop residential, commercial, retail and industrial real estate in North America and Europe. In response to the international economic and financial developments since 2007, Homburg Invest Inc. is restructuring its organisation and portfolio.
The Company’s financial situation was affected by the global economic recession and its impact on the real estate industry. Although Homburg Invest is currently under the protection of Canada’s Companies' Creditors Arrangement Act (CCAA), it intends to emerge from CCAA as a solvent and viable operating company with good income producing real estate, a positive cash flow, a healthy balance sheet, and an exemplary governance structure.
Useful information about the upcoming creditors meeting on May 30, 2013. With the court appointed Monitor, Pierre Laporte (Samson Bélair/Deloitte & Touche), Marian Hogeslag (Chairman of the Trustees) and Jan Schöningh (President & CEO, Homburg Invest).
An overview of the questions being answered during this webcast can be found on this page.
Twenty-third Report to the Court Submitted by Monitor
The Twenty-third Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor, dated May 8, 2013, can now downloaded on this website, please click here. The Report gives a clear overview of developments, the Plans, Estimated Recoveries, Timing of Distributions under the Plans and provides the Monitor’s recommendation with respect to the Plans and comments with respect to the Newco Common Shares Cash-Out Option.