The Netherlands faces a new financial crisis due to a structural oversupply in the commercial property sector, the Dutch central bank warned last week. Valuations must be quickly marked down to kick the sector back to life, the bank´s regulatory chief Jan Sijbrand said in an interview in the country's leading financial daily Het Financieele Dagblad.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
