Hines Expands its Fund Management Team in Europe - David Pinguelo Joins as Deputy Fund Manager of HECF

(LONDON) – Hines, the international real estate firm, continues the expansion of its investment management platform across Europe, with two new recruits into its growing flagship Hines European Core Fund (HECF) team.

Seated in London, David Pinguelo joins from Tishman Speyer, and will be HECF’s Deputy Fund Manager. David started his career at Tishman Speyer, joining the firm in 2011, where most recently he held the position of Portfolio Manager of its European Core Fund, a position he held for about five years. David holds a BSc in Business Studies from Bayes Business School (formerly Cass) where he was elected to the Beta Gamma Sigma Honour Society. He holds a MPhil in Real Estate Finance from the University of Cambridge.

In addition, Davide Carnevale joins HECF as an Analyst from the Hines team in Italy. Prior to joining Hines, Davide spent a year with UBS in Milan in its real estate investment management division and holds a MSc in Management and a BSc in Economics and Finance from Bocconi University in Milan, Italy.

Since the beginning of 2020, HECF has experienced growth, via 13 acquisitions and three disposals. Acquisitions, this year, include the 60,750 square meters prime logistics facility Ventrupparken 3-5 in Copenhagen, its first Build-to-Rent residential project in France spanning eight prime sites covering 30,000 square meters, the 25,173 square meters mixed used development featuring six properties in the heart of Cologne, Germany and the second phase of the high-quality Chatham & King mixed use portfolio, spanning 42,500 square feet in Dublin, Ireland.

HECF integrates ESG and sustainability into its investment strategy, and was just named a Sustainability Global Sector Leader by GRESB for a record fifth consecutive year, achieving a score of 96. HECF is focused on high-quality office, living, logistics and high-street retail assets, in central locations in European gateway cities, benefiting from constrained supply and sustained local demand for prime workspaces, homes, industrial and logistics space, and high-street retail premises.

Simone Pozzato, Fund Manager – Hines European Core Fund, commented:

“I’m delighted that David and Davide have joined the Hines team. We have a clear ambition to further grow and expand HECF across Europe, leveraging our local platform and our high sustainability standards. Both David and Davide will be vital components of our team as we look to attract like-minded investors and secure future acquisitions in key locations across all sectors.

“We will continue to drive our investment philosophy forward, focused on an active approach to Core assets, with a number of exciting acquisitions planned. Our strong and widespread local on the ground teams continue to deliver a robust pipeline of opportunities, even during the most severe phases of the COVID-19 emergency, and their engagement and dedication remain key for our expansion plans.”

David Pinguelo, Deputy Fund Manager – Hines European Cored Fund, added:

“It’s great to be here and join such a well-renowned company and one of Europe’s leading property funds. It’s an exciting time for the real estate sector and I’m looking forward to working with Simone and the wider team across Europe to continue to deliver a strong performance for HECF, both in terms of sustainability and financial returns.”


Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management valued at approximately $83.6 billion¹. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm has more than 171 developments currently underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.

Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 62 cities in 13 countries. Hines oversees investment assets under management valued at approximately €21.7 billion and provides third-party property-level services totaling 3.9 million square meters in Europe, in Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.

Visit www.hines.com for more information.

1. Includes both the global Hines organization as well as RIA AUM as of 30 June 2021.

About Hines European Core Fund (HECF)

The HECF was set up in 2006 with the aim of providing investors with a resilient income profile and benchmark’s outperformance, derived from a diversified portfolio of high-quality assets located in prime locations across major European cities. As of Q2 2021 the HECF portfolio was 97.7% occupied with an aggregate fund value of c.€2.4bn. The portfolio of the Fund comprised 32 assets including forward commitments, invested in 16 city markets across ten different European countries.