Key Takeaways
- • Hines appoints Tatiana Tezel as Fund Manager for Hines European Property Partners (HEPP), effective March 2, 2026, bringing nearly two decades of European real estate investment experience from BlackRock's Europe Property Fund VI platform.
- • Tezel transitions from BlackRock as Managing Director and Co-Portfolio Manager, where she managed capital formation, deployment, and portfolio performance across logistics, living, office, retail, data centres, and hospitality sectors.
- • HEPP, Hines' flagship European core-plus fund, has attracted record capital inflows over the past 12 months, with Alfonso Munk (Co-Head of Investment Management at Hines) signaling sustained institutional investor demand for European real estate.
- • Tezel's appointment positions HEPP to capitalize on cyclical market opportunities and structural long-term drivers in Europe, leveraging Hines' vertically integrated platform for active asset management and value creation on income-producing assets.
- • The hire underscores institutional confidence in European real estate recovery, with HEPP holding over €1.5 billion in equity commitments according to market sources.
Summary
Hines, a leading global real estate investment manager, has named Tatiana Tezel as Fund Manager for Hines European Property Partners (HEPP), its flagship European core-plus fund, effective March 2, 2026. Tezel joins from BlackRock, where she served as Managing Director and Co-Portfolio Manager of BlackRock's Europe Property Fund VI, holding responsibility for fund strategy, capital formation, capital deployment, and portfolio performance across a diversified platform spanning logistics, living, office, retail, data centres, and hospitality.
With nearly two decades of European real estate investment experience, Tezel brings institutional-grade expertise across multiple property sectors and geographic markets. Her appointment reflects Hines' strategic positioning to capitalize on accelerating capital flows into European real estate. According to Alfonso Munk, Co-Head of Investment Management at Hines, the firm has received more capital into its European funds over the past 12 months than at any point in its history, with no signs of demand abating. This capital environment, combined with improving liquidity conditions in European markets, creates favorable conditions for HEPP's disciplined acquisition strategy targeting well-priced, income-producing assets.
Munk emphasized HEPP's competitive positioning through its focus on securing resilient performing assets while leveraging Hines' vertically integrated operational platform to unlock value through active asset management and portfolio enhancement. Tezel's commentary on her appointment highlighted her view that Europe presents attractive cyclical investment opportunities alongside longer-term structural tailwinds. Market sources indicate HEPP currently holds over €1.5 billion in equity commitments, signaling institutional confidence in the fund's strategy and management. The hire of a high-profile BlackRock veteran reflects the competitive talent landscape in European real estate investment management and Hines' commitment to attracting senior investment professionals.
With nearly two decades of European real estate investment experience, Tezel brings institutional-grade expertise across multiple property sectors and geographic markets. Her appointment reflects Hines' strategic positioning to capitalize on accelerating capital flows into European real estate. According to Alfonso Munk, Co-Head of Investment Management at Hines, the firm has received more capital into its European funds over the past 12 months than at any point in its history, with no signs of demand abating. This capital environment, combined with improving liquidity conditions in European markets, creates favorable conditions for HEPP's disciplined acquisition strategy targeting well-priced, income-producing assets.
Munk emphasized HEPP's competitive positioning through its focus on securing resilient performing assets while leveraging Hines' vertically integrated operational platform to unlock value through active asset management and portfolio enhancement. Tezel's commentary on her appointment highlighted her view that Europe presents attractive cyclical investment opportunities alongside longer-term structural tailwinds. Market sources indicate HEPP currently holds over €1.5 billion in equity commitments, signaling institutional confidence in the fund's strategy and management. The hire of a high-profile BlackRock veteran reflects the competitive talent landscape in European real estate investment management and Hines' commitment to attracting senior investment professionals.
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