Blackstone rolls out new pan-European logistics platform

Global investment firm Blackstone has launched Proxity, a new pan-European logistics platform. 

Blackstone logistics

Proxity will provide diverse users with adaptable, premium logistics spaces in thriving European metropolitan areas. Its initial portfolio includes around 500 existing and planned properties, totaling over 7 million m2 of leasable space, all owned by Blackstone-managed real estate funds.
Headquartered in Frankfurt, Proxity is led by CEO Guido Piñol, CFO Jonas Kriebel (both formerly of German investor and asset manager Officefirst), and COO Yvo Postleb (former head of Cushman & Wakefield Germany). 
Operating across Continental and Northern Europe, as well as Ireland, PROXITY plans to expand its real estate holdings in both current and new European markets.
James Seppala, head of Real Estate Europe at Blackstone, said: "Logistics is one of our core strategic themes worldwide. The sector continues to benefit from extremely stable long-term fundamentals. The establishment of Proxity is a further expression of this conviction and a testament to our funds' ability to invest capital in fragmented markets. Our goal is to create a scalable logistics platform that responds to the evolving needs of users."
Guido Piñol, CEO of Proxity, added: "The global development of e-commerce and ever-changing supply chain requirements are constantly driving demand for modern warehousing solutions. We are delighted to create a truly pan-European platform with Proxity that offers customized solutions for our clients. With Blackstone on our side, we are excellently positioned to deploy capital efficiently and generate growth, not least through our strong development pipeline."
Proxity will be fully operational by early 2026 and is currently hiring in Germany and other European markets.