Key Takeaways
- • Hines has appointed Methan Milkhu as Fund Manager for its pan-European diversified value-add fund series, Hines European Real Estate Partners (HEREP), effective April 2026.
- • Milkhu's promotion follows the departure of longstanding HEREP fund manager Paul White, who is joining CBRE Investment Management in October 2026 to lead its flagship value-add strategy across Europe, the Middle East, and Africa.
- • Milkhu joined the HEREP team in 2019 and has assumed progressively senior responsibilities within the fund series prior to his formal appointment as Fund Manager.
- • In parallel, Hines strengthened its European leadership by appointing Tatiana Tezel as Fund Manager for the Hines European Property Partners (HEPP) core-plus strategy, following her 12-year tenure at BlackRock.
Summary
Hines has restructured its European real estate leadership by promoting Methan Milkhu to Fund Manager of the HEREP series, a pan-European, diversified value-add fund platform. The appointment becomes effective in April 2026 and represents an internal advancement within the organization's European operations.
Milkhu's elevation addresses a leadership transition created by Paul White's departure. White, who had managed the HEREP fund series over an extended tenure, is departing Hines to join CBRE Investment Management in October 2026. At CBRE, White will assume a senior role leading the firm's flagship value-add strategy across Europe, the Middle East, and Africa, with responsibility reporting to Rik Eertink, president and Chief Investment Officer of EMEA direct real estate at CBRE IM.
Milkhu brings continuity to the role, having joined the HEREP team in 2019 and progressively expanded his responsibilities within the fund series prior to formal appointment as Fund Manager. His promotion reflects demonstrated operational experience and knowledge of the platform's portfolio and investment strategy.
Concurrently, Hines bolstered its European leadership structure by appointing Tatiana Tezel as Fund Manager for the Hines European Property Partners (HEPP) core-plus strategy. Tezel brings 12 years of investment experience from BlackRock, bringing external expertise to complement the firm's core-plus platform and enhance its competitive positioning in the European real estate market.
These appointments underscore Hines' commitment to maintaining institutional depth across its European fund platforms during periods of leadership transition and reflect the firm's strategy of combining internal advancement with selective external talent acquisition.
Milkhu's elevation addresses a leadership transition created by Paul White's departure. White, who had managed the HEREP fund series over an extended tenure, is departing Hines to join CBRE Investment Management in October 2026. At CBRE, White will assume a senior role leading the firm's flagship value-add strategy across Europe, the Middle East, and Africa, with responsibility reporting to Rik Eertink, president and Chief Investment Officer of EMEA direct real estate at CBRE IM.
Milkhu brings continuity to the role, having joined the HEREP team in 2019 and progressively expanded his responsibilities within the fund series prior to formal appointment as Fund Manager. His promotion reflects demonstrated operational experience and knowledge of the platform's portfolio and investment strategy.
Concurrently, Hines bolstered its European leadership structure by appointing Tatiana Tezel as Fund Manager for the Hines European Property Partners (HEPP) core-plus strategy. Tezel brings 12 years of investment experience from BlackRock, bringing external expertise to complement the firm's core-plus platform and enhance its competitive positioning in the European real estate market.
These appointments underscore Hines' commitment to maintaining institutional depth across its European fund platforms during periods of leadership transition and reflect the firm's strategy of combining internal advancement with selective external talent acquisition.
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