- Homburg Invest Inc. has signed a deal to buy a portfolio of 63 properties in Estonia, Latvia and Lithuania from SEB Group for $300-million.
The Halifax-based company said the deal includes 47 properties that will be occupied by SEB Group under long-term leases and another 16 that are mainly leased to other tenants or SEB Group intends to occupy on short-term leases.
SEB Group is a Sweden-based financial group with operations in the Nordic and Baltic countries as well as Germany, Poland, the Ukraine and Russia.
Homburg owns and develops a diversified portfolio of real-estate including office, retail, industrial and residential apartment and townhouse properties in Canada, the United States and Western Europe.