Canada Pension Plan Investment Board (CPP Investments) is making a €400 million co-investment in Proudreed’s industrial portfolio and platform in France alongside Blackstone. Late last year, Blackstone agreed to acquire the French industrial portfolio and platform from local real estate firm Proudreed. The deal involved Blackstone acquiring a 2 million square foot portfolio of around 500 assets valued at €2.3 billion, including 67 secured projects under development. With an occupancy rate of 92%, the portfolio’s operations and development will continue to be managed by the Proudreed platform and its team under CEO Christophe Le Corre. CPP Investments said its investment will give it a “significant minority interest in the platform”.
Source: IPE Real Assets on 15 May 2026
https://realassets.ipe.com/news/cpp-investments-commits-to-french-industrial-platform-with-blackstone/10136735.article