Homburg mulls leaving Amsterdam bourse

Entrepreneur Richard Homburg is mulling whether to delist his international real estate company Homburg Invest from Euronext Amsterdam.

Homburg Invest is headquartered in Halifax, Nova Scotia, and owns and develops office, retail, industrial and residential real estate throughout Canada, the US and Western Europe. The firm has a dual listing in Toronto and Amsterdam.

Richard Homburg, the founder, major shareholder and CEO, told Dutch financial daily Het Financieele Dagblad that the company was undervalued on the Amsterdam stock exchange. He said de-listing it from Amsterdam was 'one of the options we are looking at'.

Emphasising that Homburg Invest was a Canadian company, Homburg added that the listing in Amsterdam 'cost more than it delivered as raising money via the stock exchange was difficult'.

The news about Homburg Invest came as Atrium European Land, one of the largest shopping centre specialists in Central and Eastern Europe, started trading in Amsterdam alongside its listing in Vienna.