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We have been appointed by Revantage to provide a client-side PMO service for Blackstone’s new PROXITY vehicle, a newly acquired portfolio comprising over 500 industrial and logistics assets across 12 European countries.

Client Revantage
Sector Logistics and industrial
Size 500 assets in 12 countries
Services Programme Management

 

We have been appointed by Revantage to provide a client-side PMO service for Blackstone’s new PROXITY vehicle, a newly acquired portfolio comprising over 500 industrial and logistics assets across 12 European countries. Our key role is to support the client post-acquisition in developing a structured approach to data validation, portfolio optimisation, and asset readiness. 

The client’s programme is divided into country-specific waves, which we are commencing with a pilot exercise for 36 assets in Germany. This approach is ensuring a controlled and organised deployment of PMO processes and tools, with our Berlin-based PMO leads working closely with Proxity’s local stakeholders to deliver onboarding of PMO & PMs, building of bespoke tools and processes, risk management, portfolio planning (3-5 year CAPEX), adapting for steady state, and finalising data/ document collection. These actions are foundational for PMO maturity and operational excellence, enabling us to apply lessons learned to future waves as they come online.

 

Blackstone's PROXITY portfolio, Europe