Dutch insurance giant ING Group reported a sharp increase in provisions in the second quarter of 2012 on expected losses on its property loan portfolio, in particular in the Netherlands. The provisions for its commercial and private lending business rose to EUR 120 mln from a 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.
