News
Latest news & notables
Built for resilience from the ground up—follow Proxity as we share key milestones and progress towards full operations.
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10/03/2026
PROXITY appoints Borja Hoya as Head of Iberia
PROXITY appoints Borja Hoya as Head of Iberia
Frankfurt / Madrid, March 10, 2026 –
PROXITY has appointed Borja Hoya as Head of Iberia, with responsibility for Spain and Portugal. He will assume his role on April 1, 2026 and will be based in Madrid.
In this role, Hoya will be responsible for the management of PROXITY’s Iberian logistics portfolio as part of the company’s pan-European operating model. He will report directly to Yvo Postleb, Chief Operating Officer.
Spain and Portugal are integral components of PROXITY’s platform, offering access to key consumption centres, growing logistics demand and strategic connectivity within European and global supply chains.
Guido Piñol, Chief Executive Officer of PROXITY, commented: “Iberia is an increasingly dynamic logistics region in Europe, and will be an important part of our footprint. Borja’s long-standing experience across Spain and Portugal, combined with his strong asset and investment management background, will be instrumental as we prepare to take operational responsibility for the portfolio.”
Borja Hoya commented: “I am pleased to join PROXITY ahead of the platform going live. I look forward to contributing to the build-out of the Iberian organisation and to managing the Spanish and Portuguese portfolios to drive performance and value creation.”
Borja Hoya brings more than 20 years of experience in logistics and real estate asset management. He joins PROXITY from Invesco, where he served as Head of Asset Management Spain and Portugal from 2017. Prior to that, he held senior roles at Sareb, Doughty Hanson and other investment and asset management platforms.
The appointment further reinforces PROXITY’s local leadership structure ahead of the platform’s planned go-live in April 2026, marking the transition from set-up to operational responsibility – initially in Germany with other countries being transitioned in phases.
10/03/2026
PROXITY appoints Stefan Vankov as Head of Development
PROXITY appoints Stefan Vankov as Head of Development
Frankfurt, March 10, 2026 –
PROXITY has appointed Stefan Vankov as Head of Development, strengthening its development capabilities as part of PROXITY’s long-term value creation strategy.
Vankov assumed his role on March 1, 2026 and reports directly to Guido Piñol, Chief Executive Officer.
In his role, he is responsible for overseeing PROXITY’s development activities across Europe, including a pipeline of approximately 30 development projects with more than one million square metres at launch, and for integrating development activities with the platform’s operating portfolio.
Guido Piñol, Chief Executive Officer of PROXITY, commented: “Development is a core component of PROXITY’s value creation strategy. Stefan’s experience ensures that our development pipeline is executed with a clear focus on occupier demand, quality and long-term performance.”
Stefan Vankov commented: “PROXITY combines operational scale with a strong development ambition. I look forward to delivering high-quality projects that enhance the portfolio and support long-term growth.”
Prior to joining PROXITY, Stefan Vankov served as Head of Pre-Construction at Amazon, were he worked since 2019, managing a large-scale logistics development pipeline across multiple markets.
04/02/2026
PROXITY appoints Christiaan Ilias as Head of Netherlands
PROXITY appoints Christiaan Ilias as Head of Netherlands
Frankfurt / Amsterdam, February 4, 2026 –
PROXITY, the pan-European logistics operator and developer launched by Blackstone in 2025, has appointed Christiaan Ilias as Head of Netherlands. He assumed his role on February 1, 2026 and is based in Amsterdam.
In his role, Ilias is responsible for the management of PROXITY’s Dutch logistics portfolio, a core market within the company’s pan-European platform. He reports directly to Yvo Postleb, Chief Operating Officer.
The Netherlands represents one of Europe’s most established and liquid logistics markets, benefiting from its strategic gateway position, highly developed infrastructure and strong occupier demand. The appointment further strengthens PROXITY’s local leadership structure as the platform prepares to assume operational responsibility for its portfolio at go-live in April 2026.
Guido Piñol, Chief Executive Officer of PROXITY, commented: “The Netherlands will be a key logistics market within our European footprint. Christiaan’s extensive asset management experience and deep local market knowledge make him ideally suited to lead our Dutch portfolio as we transition into live operations.”
Christiaan Ilias commented: “I am excited to join PROXITY at this important stage as the platform moves towards go-live. I look forward to leading our Dutch operations and working closely with our customers to support the growth of their businesses.”
Christiaan Ilias brings 20 years of experience in logistics and commercial real estate. He joins PROXITY from M7 Real Estate, where he worked since 2016 and most recently served as Head of Asset Management Netherlands. Prior to that, he held several positions at Chalet Group, DTZ Zadelhoff and other real estate firms.
PROXITY is scheduled to commence operations in Q2 2026, marking the transition from set-up to full operational responsibility, starting with Germany, with other countries to follow in phases. Further leadership appointments will be announced in the coming weeks following the recent announcements of Fabrizio Trani as Head of Italy, Markus Wagenknecht as Head of Germany, and Sabine Pascuccio as Head of France.
04/02/2026
PROXITY appoints Balint Meier as Head of Technical Asset Management
PROXITY appoints Balint Meier as Head of Technical Asset Management
Frankfurt, February 4, 2026 –
PROXITY has appointed Balint Meier as Head of Technical Asset Management, reinforcing the platform’s technical expertise and operational performance capabilities across its European logistics portfolio. Meier assumed his role on February 1, 2026, and reports to Yvo Postleb, Chief Operating Officer.
In this role, he is responsible for establishing technical standards, overseeing capital expenditure programmes and driving asset performance across PROXITY’s logistics platform.
Guido Piñol, Chief Executive Officer of PROXITY, commented: “Operational excellence at the asset level is fundamental to PROXITY’s value creation strategy. Balint’s technical expertise and deep experience in logistics real estate will play an important role in enhancing the performance and quality of our portfolio.”
Balint Meier commented: “PROXITY is building a unique European logistics platform, and I look forward to contributing to the optimisation and long-term performance of the portfolio by implementing strong technical standards and asset management processes.”
Meier brings extensive experience in technical asset management and project development. Prior to joining PROXITY, he held senior roles at Turner & Townsend and CBRE.
04/02/2026
PROXITY appoints Frank Partl as Head of Legal & Compliance
PROXITY appoints Frank Partl as Head of Legal & Compliance
Frankfurt, February 4, 2026 –
PROXITY has appointed Frank Partl as Head of Legal & Compliance, strengthening the company’s governance framework as part of the build-out of its European logistics platform. Partl assumed his role on February 1, 2026, and reports to Jonas Kriebel, Chief Financial Officer.
In this role, he is responsible for building and leading PROXITY’s legal and compliance function across the platform. His responsibilities include overseeing transaction support, corporate and real estate law, governance, regulatory compliance and data protection.
Guido Piñol, Chief Executive Officer of PROXITY, commented: “Establishing a strong legal and compliance framework is essential as we build and operate a large-scale logistics platform. Frank brings extensive experience in building and leading legal functions within institutional real estate organisations, which will be instrumental in supporting PROXITY’s growth.”
Frank Partl commented: “I am excited to join PROXITY at this important stage of its development. Building a robust legal and compliance function will be key to supporting the platform’s growth and ensuring efficient, well-governed operations across the portfolio.”
Partl brings more than two decades of legal experience in the real estate sector. Prior to joining PROXITY, he held senior legal roles at RFR Management, GE Real Estate and Hogan Lovells.
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
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