We are a reputable and forward thinking property company dealing with acquisitions, construction and delivery of mixed used scheme in London. Our portfolio is growing at a rate of 20-30% per annum and we currently have under management over 300 tenancies with over 10M GBP rent roll.
We are looking for an asset manager that is very commercial aware, a deal doer, and a leader to lead our growing property letting and management arm and support the growth of the business
We are a based in London Fields in Hackney.
Asset Manager Role:
Manage up to approximately 9 estates in London with over 300 tenancies made of a commercial, residential and alternative asset portfolio in London
Manage a team of three residential and commercial letting agents and a team of three property managers
identifying opportunities to increase rental income and to minimise costs
Undertake or act as informed client on rent reviews; manage dispute resolution processes
Undertake or act as informed client on lease renewals; instructing solicitors for service of appropriate notices; overseeing dispute resolution and court application processes
Manage the Marketing and let vacant units, including negotiation of terms and assessment of the suitability of prospective tenants including but not limited to proposed use and reflecting covenant strength e.g. assessment of financial accounts and trading history
Work closely with the Income and credit control department to minimise rent arrears and to ensure that the appropriate adjustments are made to rent accounts and other records as well as initiating debt recovery via Court Proceedings and Enforcement Agents, and recovering possession via forfeiture
Work closely with the property management team to ensure that void properties are managed effectively and in line with Health & Safety, Security and Insurance requirements
Work closely with the property management team, to ensure that the commercial properties are well maintained, ordering routine repairs and maintenance, and acting as client in respect of planned capital and maintenance works
Manage multi-let assets and / or procure and oversee external managing agents in the management of multi-let properties
Supervise the compliance department when dealing with a wide range of landlord and tenant issues including applications for licence to assign, sublet, deeds of variation, application for change of use and deal with breaches of covenant
Appear at Court hearings in connection with disputes and other matters
Work with the finance department to keep the financial and performance information in respect of the commercial property portfolio and in other areas as required and share as appropriate with officers within the organisation
Assist with the regular review of the effectiveness of the organisations commercial property portfolio including lease renewals/rent reviews and investment/retention strategies and plans
Requirements:
Member of the RICS, or currently working towards qualification
At least 3-5 years experience
Significant commercial property management experience preferably on the agency side and working your way up.
Agency experience as well as client side experience
Experience working for SMEs
Experience in the London Market preferably east London but anywhere will be considered.
Managing complex and contentious matters and implementing imaginative solutions
Track record of negotiating and working well with professional consultants and external contractors
Knowledge of financial, legal and planning processes/regulations in relation to commercial property management in England and other relevant commercial property legislation, case law and codes of practice
An understanding of landlord/tenant issues in commercial property including landlord consents, service charges and claims
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