International real estate firm Hines has appointed two new recruits to its growing flagship Hines European Core Fund (HECF) team.
Seated in London, David Pinguelo will be HECF’s deputy fund manager. Pinguelo 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 five years.
Pinguelo holds a BSc in Business Studies from Bayes Business School (formerly Cass). 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, Carnevale 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.
Since the beginning of 2020, HECF has experienced growth, via 13 acquisitions and three disposals. Acquisitions this year include the 60,750 m2 prime logistics facility Ventrupparken 3-5 in Copenhagen, its first build-to-tent residential project in France across eight sites covering 30,000 m2, a 25,173 m2 mixed used development featuring six properties in Cologne, Germany and the second phase of the Chatham & King mixed use portfolio, spanning 42,500 ft2 (3,950 m2) in Dublin, Ireland.
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.'
Pinguelo 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.'
