Hines, a leading 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. Effective March 2, 2026, Tezel will lead the next phase of HEPP’s growth, focusing on capital formation and strategic deployment across Europe’s most dynamic markets.
Tezel joins Hines from BlackRock, where she served as Managing Director and Co-Portfolio Manager of BlackRock’s Europe Property Fund VI, with responsibility for fund strategy, capital formation, capital deployment, and portfolio performance across the platform. With nearly two decades of European real estate investment experience, she brings deep cross-sector expertise spanning logistics, living, office, retail, data centres, and hospitality.
“Tatiana’s deep sector fluency in European investing, proven track record, and strong investor relationships position HEPP for continued success at a time when capital is seeking resilient performance and liquidity is returning to the European market,” said Alfonso Munk, Co-Head of Investment Management at Hines.
“Over the last 12 months, we have seen more capital flow into our European funds than at any time in our history, and we see no sign of this investor demand slowing,” said Munk. “HEPP’s disciplined approach of securing well‑priced, income‑producing assets across Europe, and harnessing Hines’ vertically integrated platform to unlock value through active asset management, puts the fund in a strong position to outperform.”
Commenting on her appointment, Tatiana Tezel said: “I am excited to be joining Hines at such a compelling point in the investment cycle. Europe presents attractive cyclical opportunities alongside powerful long-term structural drivers. The strength and scale of Hines’ global platform, combined with its long-term perspective, position the firm exceptionally well to capitalise on them. The HEPP team has built a high-quality, income-producing portfolio since its launch in 2022, creating a strong foundation for the next phase of growth. I look forward to building on that and contributing to the fund’s continued performance and progress.”
HEPP is Hines’ European flagship core-plus fund, a diversified open-ended, research-driven vehicle targeting strong risk-adjusted returns through superior asset selection and active management. Since launching in 2022, HEPP has attracted €1.5bn in commitments as of December 31, 2025 from institutional investor partners, such as major pension funds and insurance groups worldwide.
Tezel will report to Alfonso Munk and Chiang Ling Ng, Co-Heads of Investment Management at Hines. She will work closely alongside HEPP’s Deputy Fund Manager, Jessica Kronseder, and the wider fund team to continue delivering on the fund’s strategy.
HEPP is part of Hines’ global family of core‑plus funds, which also includes Hines U.S. Property Partners (HUSPP) and Hines Asia Property Partners (HAPP), providing institutional investors with regionally focused, diversified core‑plus exposure supported by strong local teams and tailored market strategies.
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