Blackstone Launches PROXITY, New Pan-European Logistics Platform

Blackstone has announced the launch of Proxity, a new pan-European logistics operator and developer.

The newly created platform will deliver high-quality, flexible warehousing solutions to a diverse customer base in Europe’s most vibrant metropolitan regions.

Proxity will initially comprise a portfolio of approximately 500 properties and development projects, totaling more than seven million square meters of lettable area, which are owned by real estate funds managed by Blackstone.

Headquartered in Frankfurt and led by Guido Piñol, Chief Executive Officer, the company will operate across key markets in Continental Europe, the Nordics and Ireland, with plans to expand the portfolio in both existing and new markets as it scales further.

Also joining the newly formed leadership team is Jonas Kriebel, CFO. Both Mr. Piñol and Mr. Kriebel have been managing Office First, a leading German real estate investor and manager, and have an exceptional track record leading real estate businesses across Europe, having worked alongside Blackstone Real Estate for over a decade.

Finally, Yvo Postleb, former Country Head Germany at Cushman & Wakefield, will complete Proxity’s senior management team and serve as the company’s COO.

The company is expected to be fully operational by 2026, with recruitment initiatives across Germany and other European markets underway.

James Seppala, Head of Real Estate Europe at Blackstone, said: “Logistics is one of our highest conviction themes globally, with the sector continuing to benefit from highly favourable long-term fundamentals. The creation of Proxity is further testament to Blackstone’s conviction and our funds’ ability to deploy capital in fragmented markets to build a scalable logistics platform able to capitalize on growing and evolving customer demand.”

Guido Piñol, CEO of PROXITY, added: “As global e-commerce and supply chain trends continue to drive occupier demand, we are excited by the opportunity to establish a truly pan-European platform which provides tailored warehousing solutions to its customers. With Blackstone’s support, we are well placed to deploy capital and deliver growth, including through our ambitious development pipeline.”

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