Homburg Invest: License OK'd, plan to be implemented in coming weeks

By Caroline Salls

Pittsburgh, March 7 - Homburg Invest Inc. said Dutch financial markets authority the Autoriteit Financiele Markten granted Geneba Properties NV a license to act as a property investment company in the Netherlands.

According to a news release, Homburg, its Companies' Creditors Arrangement Act monitor and Geneba are working to implement the company's third amended and restated plan of compromise and arrangement.

The plan is expected to be implemented in the coming weeks.

Based in Halifax, N.S., Homburg owns a portfolio of real estate, including office, retail, industrial and residential apartment and townhouse properties in Canada, the United States and Europe.

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