Dutch bank SNS Reaal reported further hefty writedowns on its Dutch property portfolio in the first half of 2012. The bank booked a net loss of EUR 131 mln at its property finance unit following a EUR 140 mln writedown on the loan portfolio. In the same period a year ago, SNS Property Finance suffered a loss of EUR 118 mln.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
