PROXITY has reached a significant milestone in building its pan-European platform for the management and development of logistics real estate. Following the successful acquisition of the German portfolio at the beginning of this year, the company is now also responsible for the operational operation of the portfolios in France, Italy, the Netherlands, Portugal, Spain, the Czech Republic and Slovakia.
This step completes the first phase of the platform’s operational roll-out. PROXITY now manages around 300 logistics properties across Europe with a lettable area of more than six million square metres. In addition, the company manages around 30 project developments with a total volume of over one million square meters, which are being realized both in-house and together with strategic development partners and form an essential part of PROXITY’s growth strategy.
Over the past twelve months, PROXITY has established offices in all core markets, hired more than 100 employees and created a fully integrated operational platform. The local teams are responsible for asset management, leasing and user support, thus ensuring close cooperation with customers and service providers on site. At the same time, PROXITY has built up Europe-wide competencies in the areas of project development and corporate operations, thus creating the organizational prerequisites for the company’s long-term growth.
Under the leadership of CEO Guido Piñol, CFO Jonas Kriebel and COO Yvo Postleb, PROXITY has built up a management team of around 20 experienced executives covering all key corporate functions and core markets.
Guido Piñol, Chief Executive Officer of PROXITY, says:
“Today is an important milestone for PROXITY. In just over a year, we have built a pan-European platform with strong local teams in key logistics markets. The combination of local market expertise and European scale allows us to be close to our customers and partners while creating long-term value for both our existing portfolio and our project developments.”
Upon completion of the operational acquisition, PROXITY will focus on further enhancing the performance of the portfolio, driving the execution of the development pipeline and further expanding relationships with customers and partners across Europe.
