CPP Investments Secures First European Real Estate Co-Investment in Proudreed Logistics Platform

CPP Investments | Investissements RPC makes its first European real estate co-investment with a €400 million stake in Proudreed, Blackstone's French last-mile urban logistics platform.

The deal gives CPP a significant minority stake in a 1.6 million square meter multi-let logistics and light industrial portfolio across France, with a target to grow the footprint to 2.2 million square meters.

Tom Jackson, CPP's head of real estate Europe, says the pension is pursuing "creative ways" to gain exposure to priority sectors, with last-mile industrial assets a key thematic focus globally.

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