Dutch banking and insurance giant ING set aside significantly higher provisions in the second quarter of 2012 against expected losses on the financing of (commercial) real estate, particularly in the Netherlands. The provisions against property loans more than doubled to EUR 120 mln from an average level of between EUR 40-48 mln in the previous four quarters.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
