CPP Investments and Blackstone co-invest €400 million in Proudreed, a French last-mile urban logistics platform

Type: Investment · Technology: Industrial · Country: France · Value: $400M · Announced: 2026-05-15

Canada Pension Plan Investment Board (CPP Investments) and Blackstone co-invested USD 400 million in Proudreed, acquiring a material minority stake in the French last-mile urban logistics platform. Proudreed owns and manages approximately 1.6 million square meters of high-quality, multi-let logistics and light industrial assets across France, with nearly 50% concentrated in Paris, Lyon, and Marseille. The platform serves a diversified tenant base and includes potential for future development of over 500,000 square meters, bringing the total to 2.2 million square meters. CPP Investments highlighted the investment as a strategic move to gain immediate scale in Europe's supply-constrained last-mile urban logistics market. Blackstone, with its extensive experience in scaling logistics platforms, partnered with CPP Investments to support Proudreed's growth trajectory.

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