The asset manager Blackstone is establishing a Europe-wide operator and developer of logistics properties named Proxity. This platform offers various users flexible and high-quality logistics spaces in Europe's most economically dynamic metropolitan regions, Blackstone announced in a press release on April 29.
At launch, Proxity comprises a portfolio of around 500 existing properties and development projects with a total of more than seven million square meters of rentable space. All properties belong to real estate funds managed by Blackstone.
The platform is headquartered in Frankfurt am Main and is led by Guido Piñol as CEO.
The company will be active in continental Europe, northern Europe, and Ireland. According to Blackstone, the real estate portfolio is to be expanded in existing and additional European markets as part of the planned growth.
Former Germany head of Cushman & Wakefield, Yvo Postleb, becomes COO
Alongside Guido Piñol, Jonas Kriebel will join Proxity's management team as CFO. Together, both have been leading Officefirst, an investor and asset manager of office properties in Germany, for many years. Guido Piñol and Jonas Kriebel have experience in managing European real estate companies and have been working closely
with Blackstone's real estate division for more than a decade. The leadership team of Proxity is completed by Yvo Postleb, the former Germany head of Cushman & Wakefield, who takes on the role of COO.
Proxity is expected to fully commence its operational business in early 2026. Recruitment efforts in Germany and more European markets have already been launched.
"Logistics is one of our strategic core themes worldwide," said James Seppala, Head of Real Estate Europe at Blackstone.
The sector continues to benefit from very stable long-term fundamentals. "The establishment of Proxity is another expression
of this belief and proof of our funds' ability to invest targetedly in fragmented markets," Seppala said. Their goal is to create a scalable logistics platform that responds to the changing needs of users.
"The global development of e-commerce and ever-new requirements on supply chains continually drive demand for modern storage solutions," added Piñol.
"We are excited to create a true Europe-wide platform with Proxity that offers bespoke solutions for our customers." With Blackstone by their side, they are excellently positioned to deploy capital efficiently and create growth, not least through their strong development pipeline.
