Asset Management – Real Estate recruitment

Our client is a global Real Estate Investment Management firm based in London with a significant track record and investments completed across all major property types through separate accounts, takeover assignments, closed-end commingled value funds focused on Central and Eastern Europe, and closed-end funds focused in Western Europe.

This is a fantastic opportunity for an individual that has between 2-4 years of experience.
 

The Major Tasks are;

• Establishing and Asset Management platform in Central Europe from which Asset Manager shall manage existing and future real estate assets;

• Actively and pro-actively managing the existing portfolio and liaising with the Employer’s managing agents and all other relevant external consultants;

• Creating ‘maximum value’ from the Portfolio;

• Carrying out detailed appraisals on proposed properties for sale;

• Assisting in identifying suitable investment projects;

• Dealing with any asset management duties relating to the existing property portfolio.

1.Managing the existing portfolio or properties.

1.1Property aspects

• Monitoring and supervising the performance of the PM and reporting to owner;

• Implementing instructions of the Owner regarding real estate valuation;

• Approving of letting strategy prepared by PM (subject to split of duties)

• Leasing of vacant spaces and renegotiating of existing leases;

• Approving of marketing strategy prepared by PM;

• Approving of leases outside agreed parameters of PM authority;

• Approving of Operating Budget (service charge budget non recoverable-property related)

• Preparing of non-property related budget;

• Approving of costs that exceed budgets;

• Supervising/approving of insurance placing;

• Establishing framework/parameters of PM’s authority for conducting legal proceedings;

• Building/managing property information system;

• Making recommendation of any improvements in Property to increase Value.

1.2Financial aspects;

• Combining property and non-property budgets and comparing vs. Actual;

• Preparing and analysing Actual-Budget differences;

• Preparing Management Reporting;

• Securities administration and execution (guarantees, bank deposits)

• Placement of property insurances;

• IRR Calculation;

• Internal Valuation Model;

• Cash Flow projection vs distribution of money to investors;

• Various ad hoc analysis of the Property

1.3Cooperation with all relevant external consultants/ third parties regarding all property related issues:

• Liaison with appointed letting agents;

• Liaison with existing tenants and with prospective new tenants;

• Liaison with appointed property managers;

• Liaison with appointed lawyers;

• Liaison with local authorities;

• Liaison with other suppliers to the subject properties.

II. Acquisition and sale of the properties.

II.I Acquisition

• Assisting the Acquisition Director/ Managing Director in the identification of suitable investment projects;

• Participating in the due diligence process;

II.2 Sale

• Creating ‘maximum value’ from the Portfolio;

• Making proposal of selling the Property taking into account current and predication of future market;

• Carrying out detailed appraisals;

• Managing the property sale negotiations;

• Working out the optimum stream of money to Investors