SNS Property Finance is to refocus its activities on the Netherlands, but insists it will not leave its international clients at the mercy of the financial crisis.
SNS Property Finance is to refocus its activities on the Netherlands, but insists it will not leave its international clients at the mercy of the financial crisis.
'The downsizing of the portfolio will be managed prudently over a number of years and existing agreements will be met,’ Jan van Haarlem, SNS PF’s new chief sales officer, told PropertyEU. ‘There won’t be any Anglo-Saxon fire sales,’ he added. ‘And the Dutch portfolio for real estate financing will continue to grow in a steady and profitable manner.’
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