Real Estate Investment & Asset Management - Associate

About this role

Black Rock Real Assets EMEA Real Estate Equity

Associate Real Estate Investment and Asset Management London Real Estate

Location:

London, United Kingdom

About Black Real Estate:

Black Rock Real Estate is the dedicated real estate investment group within Black Rock Inc. and its subsidiaries (“Black Rock Real Estate”) investing in strategies across the risk / return spectrum, providing access to all major property types. As at Q2 2025 , Black Rock Real Estate manage $26.5 billion of private real estate equity on behalf of investors worldwide. Operating as a globally integrated platform, the group’s extensive on-the-ground presence includes over 230 professionals in 16 offices across 10 countries in Asia Pacific, Europe and the US and over 30 years of strong client service with a focus on meeting portfolio requirements.

Investment structures include commingled funds, co-investments, joint ventures and customized separate accounts. For additional information, please visit Black Rock’s website at

The EMEA Real Estate team comprises 70 investment professionals located in 6 offices across the region providing a uniquely local real estate team, within a global asset manager. The team is headquartered in London and supported by numerous dedicated business partners including Legal, Compliance, Tax, Finance, Operations, Sustainability and Product Strategy & Research.

We are seeking a highly motivated Asset & Investment Manager to join our growing team. This role offers the opportunity to work across the full investment lifecycle—acquisition, value creation, and asset management—within a dynamic UK real estate fund. You will play a key role in driving performance and delivering superior returns through strategic asset management and investment execution.

This role demands strong commercial acumen, rigorous attention to detail, a strong team ethic and a passion to drive performance. Prior real estate experience in asset / investment management or a property related post with a thorough understanding of property fundamentals and financial modelling is essential.

• Support sourcing and underwriting of new acquisitions across multiple sectors.
• Prepare detailed financial models, sensitivity analyses, and investment committee papers.
• Assist in due diligence, transaction structuring, and deal closing.

• Develop and implement asset-level business plans, across multiple asset classes, to maximize value.
• Monitor performance against budgets and KPIs; identify opportunities for operational improvements.
• Manage leasing strategies, tenant relationships, and capex projects.
• Identify and execute initiatives to enhance income and capital value.
• Enhance portfolio sustainability credentials
• Collaborate with property managers, leasing agents, and external consultants.

• Develop cash flow models and conduct quantitative and qualitative analysis for forecasting returns across investment, development and regeneration projects
• Prepare and maintain investment models ensuring accuracy (including leveraged vehicles), monitor investment outcomes, support project reviews, and conduct hold/sell analysis
• Create and monitor multi-phase development appraisals, research key market data to support underwriting assumptions
• Leverage AI and machine learning to deliver efficiency gains and new insights.

• Bachelor’s degree minimum.
• Professional qualifications such as MRICS, CFA, or CAIA highly desirable
• Previous exposure to multiple asset classes preferred.

• Minimum 3–5 years in real estate investment, asset management, or related field.
• Strong understanding of real estate markets, valuation methodologies, cashflow modelling (Excel and Argus), and deal structuring required.
• Understanding of UK property markets and key value drivers.

• Excellent written and verbal communication skills.
• Proven ability to prepare high-quality materials and present to senior stakeholders.
• Detail-oriented, with the ability to manage multiple projects under tight deadlines.
• Strong team player, comfortable working collaboratively…