Mileway, the European last-mile logistics real estate company set up by Blackstone, has appointed Andrew Jones and Aymeric Canivenc as co-heads of real estate, effective 1 January.
The chief real estate officer, Thomas ten Bokum, has decided to step down at the end of this year. Mileway that with the business in a strong position, Ten Bokum has chosen to take an extended break and spend more time with his family.
Jones will continue to focus on the UK and Ireland while Canivenc will oversee real estate operations across continental Europe. Mileway said they will play a key role in shaping its asset management strategy.
Jones has been with Mileway since 2020 and serves as managing director for the UK and Ireland. He previously held senior roles at real estate investment trust Hansteen and Ashtenne. Mileway said: "His deep knowledge of the last-mile logistics sector and of Mileway’s UK portfolio, which totals 4.5 million square metres, positions him strongly to co-lead the real estate function."
Canivenc has served as Mileway’s country director for France since 2022, leading the company’s French last-mile logistics portfolio and building nationwide capabilities to support the company’s growth. He brings two decades of real estate experience, including as Head of Property Management France at CBRE where he oversaw property management operations and its third-party asset management business.
David McClure, Mileway’s chief executive, said in a statement: “Both have been instrumental in strengthening our presence in two of our most strategic markets and in shaping a strong, collaborative culture across the business. Their promotions reflect our commitment to growing talent from within, and we look forward to seeing them lead Mileway’s Real Estate function.”
Mileway is the largest owner of last mile logistics real estate assets in Europe with an owned portfolio of approximately 1,600 properties totalling 14 million square metres across 10 countries. It has over 500 employees and a local presence in each of its markets.
CoStar News revealed that Blackstone had refinanced its Mileway logistics platform with €7.5 billion of debt from existing and new lenders in December 2023.
When Mileway was recapitalised early in 2022, it was valued at around €21 billion.