Blackstone is acquiring a €2.3 billion industrial portfolio and platform in France from local real estate firm Proudreed.
The deal involves Blackstone agreeing to acquire a 2 million square feet industrial 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.
Source: realassets.ipe.com on 3 October 2025
https://realassets.ipe.com/news/blackstone-to-buy-23bn-french-industrial-portfolio-from-proudreed/10132964.article