German property company Colonia Real Estate (CRE) has announced the launch of a 'comprehensive' programme to reduce costs and enhance efficiency. In a statement on Monday, the company said it aims to cut its general administrative costs by at least 50% by consolidating and restructuring its subsidiaries, reducing general administrative costs and its external consulting expenses.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
