Proxity: Blackstone's New Pan-European Logistics Venture
Deal News | Apr 29, 2025 | Blackstone
Blackstone has launched Proxity, a pan-European logistics platform, aiming to deliver flexible warehousing solutions across Europe's major metropolitan regions. The platform will initially include approximately 500 properties and development projects, exceeding seven million square meters of lettable area, under the management of Blackstone's real estate funds. Headquartered in Frankfurt, the company, led by CEO Guido Piol and CFO Jonas Kriebel, will operate in key European markets, including the Nordics and Ireland, with potential for expansion. The leadership team is strengthened by Yvo Postleb, former Country Head Germany at Cushman & Wakefield, now serving as COO. The company is expected to be operational by 2026, as recruitment across Europe is underway. James Seppala, Blackstone's Head of Real Estate Europe, highlights the strategic importance of logistics in their portfolio, while Proxity's CEO emphasizes the role of e-commerce and supply chain trends in driving demand.
Sectors
- Logistics and Warehousing
- Real Estate
Geography
- Europe – Proxity will operate across major European markets, including Continental Europe, the Nordics, and Ireland.
- Germany – The headquarters of Proxity is based in Frankfurt, Germany, and the article highlights recruitment initiatives in the country.
Industry
- Logistics and Warehousing – The article discusses the launch of Proxity, a logistics platform providing warehousing solutions across Europe.
- Real Estate – Blackstone's existing real estate funds are managing the properties and spaces for the logistics platform, emphasizing the real estate industry's involvement.
Financials
- US $320 billion – Investor capital under management by Blackstone in their real estate business.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackstone | PE Firm | Company | A global leader in real estate investing with significant commercial real estate holdings, including logistics. |
| Proxity | Target Company | Company | A new pan-European logistics platform launched by Blackstone to deliver flexible warehousing solutions. |
| Guido Piol | CEO of Proxity | Person | Chief Executive Officer leading Proxity, formerly managing Office First. |
| Jonas Kriebel | CFO of Proxity | Person | Chief Financial Officer, previously at Office First with extensive experience in real estate business management. |
| Yvo Postleb | COO of Proxity | Person | Chief Operating Officer, former Country Head Germany at Cushman & Wakefield. |
| James Seppala | Head of Real Estate Europe at Blackstone | Person | Oversees Blackstone's real estate operations in Europe and emphasizes logistics' role in their global strategy. |