Blackstone Launches Proxity to Redefine Real Estate Across Europe

London, UK – 29th April 2025 – Blackstone announced the launch of Proxity, a new pan-European logistics operator and developer designed to deliver high-quality, flexible warehousing solutions to a diverse customer base across Europe’s most dynamic metropolitan regions. This strategic initiative underscores Blackstone’s commitment to capitalising on the robust growth of the logistics sector, driven by global e-commerce and evolving supply chain demands.

Proxity’s initial portfolio comprises approximately 500 properties and development projects, totalling over seven million square metres of leasable area, all owned by real estate funds managed by Blackstone. Headquartered in Frankfurt, the platform will operate in key markets across Continental Europe, the Nordics, and Ireland, with plans to expand further into both existing and new markets as it scales. The company is expected to be fully operational by 2026, with recruitment initiatives already underway across Germany and other European markets.

Leading Proxity is Chief Executive Officer Guido Piñol, joined by Jonas Kriebel as Chief Financial Officer. Both executives bring extensive experience from managing Office First, a prominent German real estate investor and manager, and have collaborated with Blackstone Real Estate for over a decade. The senior management team is completed by Yvo Postleb, former Country Head Germany at Cushman & Wakefield, who will serve as Chief Operating Officer.

In an official press release of Blackstone, James Seppala, Head of Real Estate Europe at Blackstone, stated, “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”

In an official press release of Blackstone, Guido Piñol, CEO of Proxity, said, “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”

The launch of Proxity aligns with Blackstone’s broader strategy to strengthen its logistics footprint in Europe, building on previous successes with platforms such as Logicor, Mileway, and Indurent. As the demand for modern warehousing solutions continues to rise, Proxity is ready to play a critical role in meeting the needs of businesses across the region.