Senior Commercial Asset Manager

Working with the Head of Sector the roles will be required to manage, motivate, energise and develop a high-performance team with responsibility for the day-to-day line management of asset manager/s. The focus of the roles is to optimise, enhance and grow the portfolio by creating sustainable, long-term income and enhanced capital value whilst implementing ESG and sustainability strategies.

Specific responsibilities include:

• Prepare asset management business plans and forecast cashflows, inc CapEx requirements, to meet the company's objectives and add value to the portfolio.


• Undertake effective and timely implementation of the business plans.


• Procure, engage with and effectively manage internal teams, the operational business and appropriate third-party consultants and advisors required for the implementation of the business plans.


• Procure and manage letting agents including production of marketing strategy and materials (working with our in-house lettings team where appropriate).


• Manage the letting processes including lease negotiation ensuring transactions are completed quickly and efficiently - to undertake the letting of specific units as required (working with our in-house lettings team where appropriate).


• To undertake rent reviews, lease renewals and lease regears as required (including working with our in-house property managers and where relevant procuring and managing third-party consultants)


• Manage all lease events including rent review, lease renewal and lease regear processes to timely completion.


• Aligned with the Investment Strategy, act as internal client to Property Development function identifying, strategising and progressing opportunities to maximise long term value through commercial development.


• Aligned with the Investment Strategy, identification and delivery of refurbishment, repurposing and/or change of use projects. Deliver CapEx projects within the business plans working with the project and design teams providing oversight on design and specification, preparing budgets and programmes, testing viability, recommending the project and subsequent oversight of the works and cost management.


• Work collaboratively with the portfolio property management functions to ensure timely rent collection, service charge management, property maintenance and health and safety audit.


• To be responsible for management of all asset data ensuring that internal and external teams maintain this accurately and in real time.


• Produce and provide regular timely detailed reports for the purposes of measuring progress against business plans and cashflow forecasts in the form of performance packs, Investment Group papers, budgets, valuations, business plans, governance and compliance requirements.


• Provide information to and assist in asset valuations undertaken by external independent valuers.


• To ensure the business's ESG and Sustainability objectives are included within the business plans and costed strategies are implemented with the impact recorded and reported., We use our key competency framework to recruit and develop our team because we want to ensure our people have the ability to exceed expectations and make a real impact on the work we do.


Exceed - Can be fully relied upon to deliver tasks and outperform deadlines. Outperform targets, metrics and deadlines. Energetic and confident talking about Places for London's business. Proactively seeks work. Seeks efficiencies.

Pioneering - Leads by example and inspires others. Listens to ideas/concerns and finds innovative solutions. Shares knowledge and expertise. Proud of achievements and aware of ideas for improvements. Diversity of thinking.

Integrity - Promotes inclusion, wellbeing and speaking up. Champions internal processes and compliance. Demonstrates ethical and professional behaviour. Supports ESG initiatives. Promotes clear and honest feedback culture. Reports and monitors risk.

Committed - Collaborative approach to working. Proud to work at Places for London. Manages self, engages others and delegates effectively. Actively seeks to develop others. Empathetic / listens to team members. Contributes to improve working environment.

Resilient - Adaptable / decisive. Commercially astute and aware of financial impact. Supports others when under pressure. Drives strategic planning and process efficiency. Contributes to process innovation in response to data driven insight. Generates revenues.

EQUALITY, DIVERSITY AND INCLUSION

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria.
CRIME and DISORDER STATEMENT It is a statutory requirement for all departments tin TfL to follow Section 17 of the Crime and Disorder Act 1998. Section 17 requires authorities to consider the likely affect on crime and disorder and community safety in all that they do, and take action to prevent crime and disorder, substance misuse, anti-social behaviour and behaviour that adversely affects the environment. TfL has voluntarily been committed to following Section 17 since 2006, but we must all make sure that it is considered in decision making, policies and procedures in the same way that equality and health and safety are.

We are recruiting multiple Senior Commercial Asset managers across different sectors in our Asset Management business, including Retail, Arches and Offices. The roles are ideal for a commercial property specialist with a passion for UK real estate and a desire to be part of our fast paced, dynamic and friendly team.,
• Demonstrable property asset/portfolio management experience with a strong market profile, ideally gained within a leading property company, developer, advisory group or real estate fund.


• Knowledge of the key commercial dynamics of the property industry, including trends and standards.


• Entrepreneurial mindset with strong commercial acumen, vision and creativity enabling you to identify new opportunities and present innovative and robust financial business cases.


• Track record of successfully delivering customer focused, best-in-class practices that are innovative and adaptive whilst suiting a complex transport environment.


• Experience of delivering strategies, revenue targets, budgets and projects.


• Experience of managing high-performing teams with a focus on driving a culture of inclusiveness, customer focus and commerciality.


• Energy, passion and the ability to motivate not only within the team but also colleagues across Places for London/ TfL.


• Strong stakeholder management skills with the ability to build relationships with internal and external stakeholders. Ensure buy-in, negotiate, and resolve conflicts.


• An awareness and understanding of relevant ESG requirements, risk and opportunities.


SKILLS AND EXPERIENCE

Technical Skills:

• Competent business user of MS Office software including Word, Excel, PowerPoint, SharePoint.


• Competent business user of Argus software.


• Previous experience of property management databases, preferably including Horizon.


• Ability to work in a fast-paced team environment.


• Ability to learn and apply concepts quickly.


• Strong verbal and written communication skills.


Experience:

• Previous experience gained within either a client-side role and/or a consultancy role.


• 10 years minimum experience preferred of retail, office or Arches property transactions, asset management, leasing or valuation, preferably in the Greater London market.


Education:

• A Level education or equivalent.


• Degree education or equivalent in a related discipline.


• MRICS (Member of the Royal Institution of Chartered Surveyors) - Preferred.
  
  We're the property company with big plans for the capital.


For 160 years, Transport for London has kept London moving. It has been one of the city's biggest innovators. Places for London, the TfL property company, is its latest innovation. At Places for London, we are here to unlock more of the potential of TfL land and create a greener, kinder, and more connected London for everyone.

Places for London is a £2bn commercial property company, wholly owned by TfL. We own and manage a diverse portfolio of assets including over 1,000 retail units in stations or on London's High Streets, over 900 railway arches and c 500k sq ft of commercial offices.

We have been home to more than 1,500 businesses across our estate for decades. And now, we're working to release more of the untapped opportunity in TfL's property portfolio and curate more of the places that Londoners need to thrive.

With 5,500+ acres, stretching across almost every borough, TfL is already one of London's largest landowners. At Places for London, we're on a mission to help it become one of the most impactful too.

We are unashamedly focused on how we deliver for London, not just what we deliver. At Places for London, we celebrate our differences and uniqueness, but our public spirit and passion for this city unites us. It's a place where you'll be free to express yourself, have the chance to shape your own development and take pride in being part of our team. The energy our people bring is unmatched, and each of us has the opportunity to change this city for the better., Based in London, these are critical roles in our integrated multi-disciplined Asset Management team, which provides high quality asset management delivery across the portfolio. The roles will sit in one of three sector specific teams:

Retail - Our retail sector, boasting over 2,500 properties, is home to 1,000 predominantly SME businesses situated across transport hubs and high streets. Our focus remains on continually improving these offerings to meet the needs of both the industry, local communities and our customers, driving economic growth in the process. Many of our retail assets are closely integrated with Transport for London's operational network offering a unique position within the Capital and a diverse range of amenities, from dining options to fitness facilities.

Arches - The Arches are a diverse economic and social ecosystem that thrives in the spaces beneath TfL's operational viaducts & roads. There are over 900 arches which equates to 1.8m square feet of commercial space. Arches are a natural fit for small & medium businesses offering flexibility within the heart of London's neighbourhoods. Located at the edge of local centres the arches are home to restaurants, distilleries, event, experiential, leisure retail & light industrial operators. Our priorities align with the Mayor's in creating new jobs, connecting communities and generating economic growth that is sustainable, with a focus on partnerships.

Offices - The newly formed Commercial Office team has an existing portfolio of c. 500k sq ft, with potential opportunity to redevelop/refurbish, deliver sustainable long-term income, drive portfolio value and generate capital receipts enabling further growth and investment within the estate. In addition, there is over 600k sq ft of state-of-the-art office buildings in the development pipeline. This portfolio puts Places for London in a unique position to deliver fit for the future, high-amenity, high-accessibility, low-carbon offices that support vibrant life and commerce, connected by public transport and active travel.

This is a great opportunity for an individual looking to contribute to the success of Places for London.

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

• Final salary pension scheme


• Free travel for you on the TfL network


• A 75% discount on National Rail Season Ticket and interest free loan


• 30 days annual leave plus public and bank holidays


• Private healthcare discounted scheme (optional)


• Tax-efficient cycle-to-work programme


• Retail, health, leisure and travel offers


• Discounted Eurostar travel