German listed Colonia Real Estate has said it is laying off 20% of its staff and restructuring its operations and external consulting expenses to save at least EUR 9.5 mln annually. Colonia said the measures focus on four areas: consolidation of non-operating subsidiaries, cut back by diversification, separation or restructuring of business areas as well as external consulting expenses and staff reduction.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
