Mileway, the leading pan-European last mile logistics real estate company, has today announced that current CEO Timothy (Tim) J. Beaudin will be handing over responsibilities to David McClure who becomes CEO in September 2025. Tim will remain with Mileway until the end of the year and will then become a Senior Adviser to the business.

Tim Beaudin was appointed CEO of Mileway in July 2023 following a distinguished 40-year career in real estate in both the US and Europe. During his tenure, Tim has been instrumental in consolidating the company’s position as the leading last-mile logistics platform in Europe, following a period of significant expansion.

David McClure is a Senior Managing Director at Blackstone, where he currently oversees Blackstone’s European logistics investments, including Mileway. David has spent over a decade at the firm in both Europe as well as Asia, where he was previously Head of Asia Real Estate Asset Management.

Commenting on the appointment, James Seppala, Head of European Real Estate, Blackstone, said: “Tim joined Mileway at an important moment for the company and I would like to thank him for his exceptional leadership of the business, his support with the succession process and his continued commitment to the future success of the business. As David takes on this new role, I am confident that his deep understanding of the business coupled with his vast experience in logistics real estate will be a huge asset to Mileway and its investors.”

Tim Beaudin said: “It has been a privilege to serve as Mileway’s CEO as we continue to consolidate our position as Europe’s leading last mile platform. I look forward to working with David on the transition and to continuing to advise the company during its next phase of growth.”

David McClure added: “I am thrilled to have been asked to lead Mileway, a company that I have been very closely involved with over the past three years.  I look forward to working with the management team to seek to deliver for Mileway’s customers and shareholders.”

Blackstone, the world’s largest alternative asset manager and the largest owner of commercial real estate globally, created Mileway in 2019 to capitalise on growing e-commerce-related demand for last mile logistics real estate. Today the company manages more than 2,000 properties across 10 markets.