Proudreed has officially announced that it has signed a prior agreement with Blackstone for the sale of its industrial real estate portfolio in France, valued at €2.3 billion.
The portfolio includes approximately 500 logistics and industrial properties across the country, marking a significant milestone for both companies.
The announcement was made by Proudreed, which stated in a LinkedIn post: “A major turning point for Proudreed. We are proud to announce the signing of a prior agreement with Blackstone regarding the acquisition of our industrial portfolio for €2.3 billion.”
This acquisition will further strengthen Blackstone’s presence in the French industrial market, a sector that has experienced growing demand driven by e-commerce growth and evolving supply chain needs.
The agreement is subject to customary closing conditions, and the transaction is expected to complete pending regulatory approvals. Once finalized, it will rank among the largest industrial real estate deals in France this year.
