Business Space Asset Manager

Business Space Asset Manager

Department: Asset Management

Employment Type: Full Time

Location: London

Reporting To: Mike Mc Carrick

Asset Manager – Business Space

To be instrumental in the growth and development of an industry-leading, privately-owned commercial Real Estate company.

Within an established Asset Management function, this role will take leadership responsibility for multiple privately-owned Business Space assets. You will identify and provide insightful expertise on opportunities to enhance cash flow and asset value, successfully lead on and deliver initiatives to increase value and own the full operational process with your own in-house Property and Facilities Management resource.

You will be expected to deliver concise, accurate and effective reporting, present confident pitches to both internal and external stakeholders, provide top-of-the-class asset management advice and drive the profitable revenue growth and development of your assets to new highs.

We are looking for someone who embraces a challenge. You will have complete ownership of your Assets and, as such, are expected to organise and lead the teams around you to ensure full delivery.

Location: London or Manchester based with regional travel as required

About Praxis:

One of the UK’s leading real estate investors. Praxis is a well-established privately owned investor and manager of UK real estate with a track record of exceptional investment performance rooted in astute market timing and best-in-class management. The business was established in 2009 but traces its origins back over three decades and multiple economic cycles.

• Identification and delivery of cost-effective asset enhancement initiatives. Primarily responsible for improving NOI across your portfolio through letting, lease management and rent reviews, as well as additional revenue streams such as car parking, meeting spaces etc.
• Proactively mitigate void costs and shortfalls throughout your portfolio
• Responsible for the refurbishment and re-configuration of business space assets to meet modern tenant demand, working alongside the Building Consultancy function to set budgets and monitor works, ensuring effective delivery within budget
• Marketing vacant space and delivery of new lettings, including appointing, managing and motivating letting agents. Actively entering into direct negotiations with tenants, you will achieve successful renewal/re-gear terms to maximise business potential and income
• Reporting progress of the business plan against agreed targets and highlighting blockers, or recommending alternative strategies
• Oversight of Property and Facilities Management functions to ensure assets are managed and maintained to target standards.
• Responsible for the accurately updating internal software Management platforms in a timely manner
• Approving Service Charge budgets, monitoring expenditure and supporting reconciliations
• Assisting the Investment Management team in reviewing and appraising potential new purchases, as requested, including any required due diligence
• Promoting company wide and asset specific sustainability initiatives
• Identifying alternative income generating initiatives at the asset level to enhance value.

• Minimum of five years PQE of proven Asset Management experience, preferably within the office sector
• Demonstrable experience of leading operational real estate professionals
• Expert report-writing and presentation skills
• Competent with MS Office packages
• Ability to combine property knowledge with professional presentation and report writing skills
• Commercial awareness, industry knowledge and competitor analysis

• Strong initiative and ability to work autonomously and as a team
• Able to think creatively about repurposing and regeneration of real estate assets
• Excellent interpersonal and team management skills
• Competent administrative skills for effective, accurate report writing
• Decisive, confident and calm under pressure
• A solid, resilient work ethic
• Able to focus on key issues and prioritise work whilst multi-tasking
• High personal performance standards
• Positive approach, committed to achieve goals , and reliable
• Extreme close attention to details in reporting and analysis
• Strong influencing and persuading skills
• Ability to support colleagues at all levels within a high-performance function
• Show initiative and creativity to achieve business results within an entrepreneurial business
• Prepare and present clear written documents including client reports and tender documents
• Excellent written presentation is essential

• Highly competitive salary DOE
• Discretionary bonus scheme
• 25 days holiday per year plus bank holidays
• Office closure over festive season
• Additional holiday with service
• Private Medical Insurance (medical history disregarded)
• Healthcare Cash Plan
• 5% Company pension contribution
• 3x Life Assurance
• Cycle to work scheme
• Employee Assistance Programme