Department:
Business Space Asset Management
Purpose:
Be instrumental in the next phase of growth for one of the UK's leading privately owned real estate investors.
This is not a "steady-state" asset management role.
This is an opportunity to take
true ownership of a portfolio of privately owned Business Space assets within a high-performance, entrepreneurial environment and drive them to new levels of income, value and operational excellence.
You'll sit within an established, industry-leading Asset Management function, but with the autonomy and authority to make real decisions. You will lead strategy, unlock value, and organise the in-house Property and Facilities Management teams around you to ensure delivery.
If you're someone who embraces challenge, thrives on accountability and wants visibility at senior level this role offers exactly that.
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.
This is a company going places and you'll be part of shaping the journey.
Our Culture:
We are a high-performance business deeply passionate about what we do and entrepreneurial in how we approach it.
Our vertically integrated model means everyone is aligned to the same business plan. Asset Management, Property Management, Facilities, Investment & Capital raising are all working toward shared objectives. That alignment creates a highly energising, collaborative and commercially focused environment.
We operate at pace. Decisions are made quickly. Ideas are welcomed. Execution matters.
Ours is a flat structure with genuine access to Senior Leadership. You're not layers removed from decision-makers, you're in the room. Your voice is heard and strong performance is recognised.
This particular role sits just a couple of levels beneath the COO, giving you real visibility across the business and the opportunity to make a tangible impact. If you want your work to be seen, valued and rewarded this is that kind of environment.
Responsibilities:
* 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.
Required
:
* 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
Personal specification:
* 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
Benefits:
* 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 (on-site shower room facilities & bike parking in majority of head offices)
* Employee Assistance Programme
* Group income protection scheme
* Daily healthy fruit & snacks
* Comprehensive business expense policy (including lunches when travelling away from base location)
Location:
London (on-site 5 days a week) with regional travel