Key Takeaways
- • Hines appoints Tatiana Tezel, a BlackRock veteran with 12 years at the firm, as fund manager for Hines European Property Partners (HEPP), its flagship European core-plus fund.
- • Tezel previously served as Managing Director and Co-Portfolio Manager of BlackRock's Europe Property Fund VI, bringing significant institutional real estate investment experience to the role.
- • The appointment reflects Hines' strategy to strengthen leadership across its European real estate platform, with Alfonso Munk, Managing Partner and Co-Head Investment Management at Hines, overseeing the transition.
- • HEPP operates as a core-plus European property fund, targeting opportunistic and stabilized real estate investments across the continent.
Summary
Hines, the Houston-based global real estate investment manager, has appointed Tatiana Tezel as fund manager for Hines European Property Partners (HEPP), the firm's flagship European core-plus fund. The appointment, announced on March 3, 2026, marks a significant leadership addition to Hines' European investment platform.
Tezel joins Hines from BlackRock, where she accumulated 12 years of experience in institutional real estate portfolio management. At BlackRock, she held the position of Managing Director and Co-Portfolio Manager of BlackRock's Europe Property Fund VI, overseeing capital deployment and portfolio strategy across European property assets. Her background in managing large-scale, institutional-grade European real estate portfolios positions her to oversee HEPP's capital allocation and investment decisions.
The hire underscores Hines' commitment to strengthening its European core-plus strategy—a segment focused on stabilized assets with moderate value-add potential. Alfonso Munk, Managing Partner and Co-Head Investment Management at Hines Interest LP, is leading the investment management division during this transition. HEPP operates from London and targets European property opportunities across multiple asset classes and geographies, making the appointment of an executive with deep European real estate expertise strategically aligned with the fund's investment mandate.
The appointment follows Hines' broader expansion within European real estate markets, where the firm has been actively raising capital and deploying funds across core and core-plus strategies. Tezel's institutional background at BlackRock, one of the world's largest asset managers, brings institutional-quality processes and risk management frameworks to HEPP's operations.
Tezel joins Hines from BlackRock, where she accumulated 12 years of experience in institutional real estate portfolio management. At BlackRock, she held the position of Managing Director and Co-Portfolio Manager of BlackRock's Europe Property Fund VI, overseeing capital deployment and portfolio strategy across European property assets. Her background in managing large-scale, institutional-grade European real estate portfolios positions her to oversee HEPP's capital allocation and investment decisions.
The hire underscores Hines' commitment to strengthening its European core-plus strategy—a segment focused on stabilized assets with moderate value-add potential. Alfonso Munk, Managing Partner and Co-Head Investment Management at Hines Interest LP, is leading the investment management division during this transition. HEPP operates from London and targets European property opportunities across multiple asset classes and geographies, making the appointment of an executive with deep European real estate expertise strategically aligned with the fund's investment mandate.
The appointment follows Hines' broader expansion within European real estate markets, where the firm has been actively raising capital and deploying funds across core and core-plus strategies. Tezel's institutional background at BlackRock, one of the world's largest asset managers, brings institutional-quality processes and risk management frameworks to HEPP's operations.
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