After retreating from its international markets, SNS Property Finance (SNSPF) is now gearing up to terminate its Dutch activities. The news follows fresh losses during the third quarter at the Dutch property unit of SNS Reaal after higher loan impairments and operating costs.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
