News
Latest news & notables
Built for resilience from the ground up—follow Proxity as we share key milestones, and progress on our journey toward full operations.
Stay tuned as we continue to shape what’s next.
14/01/2026
PROXITY appoints Sabine Pascuccio as Head of France
PROXITY appoints Sabine Pascuccio as Head of France
Frankfurt / Paris, January 14, 2026 –
PROXITY, the new pan-European logistics operator and developer launched by Blackstone in 2025, has appointed Sabine Pascuccio as Head of France. She assumed her role on January 1, 2026 and is based in Paris.
Sabine Pascuccio is responsible for PROXITY’s French operations, including establishing PROXITY’s headquarters in France and the management of the French portfolio as part of the company’s pan-European operating model. She reports to Yvo Postleb, Chief Operating Officer.
France is one of PROXITY’s core markets in the platform’s strategy to operate across 12 countries in continental European the Nordics and Ireland. The appointment reflects PROXITY’s commitment to combining local accountability with centralized platform standards.
Guido Piñol, Chief Executive Officer of PROXITY, commented: “We are delighted to welcome Sabine Pascuccio to lead our French business. With Sabine’s operational expertise, we will focus on maximizing value across our French portfolio and strengthening performance in this strategically important market. Establishing strong local leadership is fundamental to delivering consistent operational quality while remaining close to our customers and assets.”
Sabine Pascuccio joins PROXITY from CEVA Logistics, where she served as Head of Real Estate Europe. Prior to that, she spent 15 years at Prologis in various senior leadership roles.
Sabine Pascuccio commented: “PROXITY’s platform approach, combining local responsibility with a strong European backbone, is highly compelling. I look forward to building the French organisation and contributing to the performance of the portfolio as we approach go-live.”
14/01/2026
PROXITY appoints Markus Wagenknecht as Head of Germany
PROXITY appoints Markus Wagenknecht as Head of Germany
Frankfurt, January 14, 2026 –
PROXITY, the pan-European logistics operator and developer launched by Blackstone in 2025, has appointed Markus Wagenknecht as Head of Germany. He assumed his role on January 1, 2026 and is based at PROXITY’s headquarters in Frankfurt.
In this role, Wagenknecht is responsible for the management of PROXITY’s German logistics portfolio, one of the most important logistics markets in Europe, ensuring consistent performance and alignment with PROXITY’s operating standards. He reports to Yvo Postleb, Chief Operating Officer.
Germany hosts PROXITY’s headquarters and plays a key role in the operational set-up of the platform as it prepares to assume responsibility for a pan-European logistics portfolio of approximately 600 assets.
Guido Piñol, Chief Executive Officer of PROXITY, commented: “Markus Wagenknecht is ideally positioned to lead our growth in Germany, which is a critical operational hub for PROXITY. With its central location, world-class infrastructure, and strong industrial base, Germany represents the most important logistics market in Europe. Its role as a global export leader and transit hub creates exceptional opportunities to connect with major consumer markets.”
Markus Wagenknecht brings deep operational experience in real estate management and logistics. Prior to joining PROXITY, he served as Head of Asset Management Logistics Germany and CEE at CBRE Investment Management, where he joined in 2015. Prior to that he held roles at CBRE and ABG Frankfurt Holding.
Markus Wagenknecht commented: “I am excited to join PROXITY at such a pivotal moment in its development and to contribute to building the operational structures required to ensure a smooth transition into live operations. As a young and dynamic platform, PROXITY brings a remarkable energy to the market.”
Currently in its set-up phase, PROXITY is finalizing its leadership structure and remains on track to commence operations in Q2 2026. Further appointments, including additional country leadership roles, will be announced in the coming weeks.
09/09/2025
Proxity appoints Fabrizio Trani as Head of Italy
PROXITY appoints Fabrizio Trani as head of Italy
Proxity, Blackstone’s new pan-European logistics operator and developer, has appointed Fabrizio Trani as its head of Italy.
Starting in the first quarter of 2026, Trani will lead Proxity’s Italian operations from Milan, reporting directly to COO Yvo Postleb. His responsibilities will include building the local team and establishing the company’s Italian headquarters.
Trani brings extensive experience in real estate and logistics, having previously served as head of Asset Management Italy at Patrizia SE for six years. He also held senior fund and asset management roles at Torre SGR / Fortress Investment Group and Redbrick Investment Group.
Proxity is currently in its setup phase, finalizing its senior leadership, and is set to begin operations in early 2026, with further key appointments expected soon.
Guido Piñol, CEO of Proxity, commented: “In Fabrizio Trani, we have found an experienced leader to drive our business in Italy, which is not only one of our core markets but also a strategic hub for logistics in Europe. His appointment underscores our ambition to accelerate expansion in this key market and further strengthen Proxity’s pan-European logistics real estate platform.”
Frankfurt-based Proxity will manage a portfolio of roughly 600 properties and development projects, totaling over 7 mln m2 of rentable space, all owned by Blackstone-managed real estate funds. Initially operating in Continental Europe, the Nordics, and Ireland, Proxity plans further expansion into both current and new markets as it grows.
29/04/2025
Blackstone launches PROXITY, a new pan-European logistics platform
Blackstone launches PROXITY, a new pan-European logistics platform
LONDON, UK and FRANKFURT, GERMANY – 29 April 2025 – Blackstone (NYSE: BX) has today announced the launch of Proxity, a new pan-European logistics operator and developer.
The newly created platform will deliver high-quality, flexible warehousing solutions to a diverse customer base in Europe’s most vibrant metropolitan regions.
Proxity will initially comprise a portfolio of approximately 500 properties and development projects, totaling more than seven million square meters of lettable area, which are owned by real estate funds managed by Blackstone.
Headquartered in Frankfurt and led by Guido Piñol, Chief Executive Officer, the company will operate across key markets in Continental Europe, the Nordics and Ireland, with plans to expand the portfolio in both existing and new markets as it scales further.
Also joining the newly formed leadership team is Jonas Kriebel, CFO. Both Mr. Piñol and Mr. Kriebel have been managing Office First, a leading German real estate investor and manager, and have an exceptional track record leading real estate businesses across Europe, having worked alongside Blackstone Real Estate for over a decade.
Finally, Yvo Postleb, former Country Head Germany at Cushman & Wakefield, will complete Proxity’s senior management team and serve as the company’s COO.
The company is expected to be fully operational by 2026, with recruitment initiatives across Germany and other European markets underway.
James Seppala, Head of Real Estate Europe at Blackstone, said: “Logistics is one of our highest conviction themes globally, with the sector continuing to benefit from highly favourable long-term fundamentals. The creation of Proxity is further testament to Blackstone’s conviction and our funds’ ability to deploy capital in fragmented markets to build a scalable logistics platform able to capitalize on growing and evolving customer demand.”
Guido Piñol, CEO of PROXITY, added: “As global e-commerce and supply chain trends continue to drive occupier demand, we are excited by the opportunity to establish a truly pan-European platform which provides tailored warehousing solutions to its customers. With Blackstone’s support, we are well placed to deploy capital and deliver growth, including through our ambitious development pipeline.”
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
Media Contact
Matt Thomas
Matthew.Thomas@blackstone.com
+44 7350 445003