Blackstone (BX) has announced the launch of Proxity, a new pan-European logistics operator and developer. The newly created platform will deliver warehousing solutions to a customer base in Europe’s metropolitan regions. Proxity will initially comprise a portfolio of approximately 500 properties and development projects, totaling more than seven million square metres of lettable area, which are owned by real estate funds managed by Blackstone. Headquartered in Frankfurt and led by Guido Pinol, 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.
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