Blackstone launches Proxity, a pan-European logistics platform

Blackstone has launched Proxity, a new logistics operator and developer focused on providing flexible warehousing solutions across key European metropolitan areas. Proxity will start with a portfolio of around 500 properties and development projects, totaling over seven million square meters of lettable space. Headquartered in Frankfurt and led by CEO Guido Piñol, the company will operate in Continental Europe, the Nordics, and Ireland. With a leadership team experienced in real estate and plans to scale further, Proxity is expected to be fully operational by 2026.