Asset Manager (Fixed Term Contract)

Grosvenor Property UK ("GPUK") currently has an opportunity for a Retail Asset Manager to join our team on a Fixed Term Contract.

The Retail Asset Manager plays a key part within the London team to deliver our purpose of delivering lasting commercial and social benefit. The role will ensure we create and maintain great places to live, work and visit, maintaining and enhancing our long-term reputation and performance.

The Retail Asset Manager role is in the London Estate retail team, part of our £5.5bn UK property portfolio. The £1.5bn portfolio has prime residential, retail, office and hotel assets but the majority are retail/office and the purpose of this role is to support the delivery of the plan for this area, creating value through deep asset management experience. The London Estate is serviced by an operations and development team to ensure the London Estate maximises current and future income and excels at delivering social benefit, and this role will work closely with those teams to ensure a seamless delivery for our tenants and our business. This is a portfolio management role where you are expected to understand the drivers of economic success.

Key Responsibilities

• Delivery:Responsible for delivering the portfolio business plan focusing on key asset management areas delivering commercially attractive lease and re-gear transactions lease events, rent reviews, development pipeline (including identification, planning and delivery). Deliver commercial returns in line with the business plan and budget. Prepare robust valuation and cash-flow underwriting and appraisals for investment, development and asset management activity and prepare balanced recommendations to support the relevant opportunities and underwriting.
• Performance:Drive high performance across the assets you manage, ensuring key financial and social metrics are at the centre of decision making. Work in partnership with key service providers, internal teams such as property management and development, to ensure high quality service delivery to create value for the portfolio. Act as client to our marketing and public realm teams to ensure we create attractive destinations for our visitors, shoppers, and workers.
• Budgeting and reporting:Understand the drivers of performance which enhance good decision making. Report monthly on progress for your assets, highlighting key risks and opportunities. Responsible for budgeting, forecasting and explaining any variances to plan.
• ESG:Champion sustainability across the portfolio assets both directly and indirectly; directly through influencing tenants to align to our sustainability ambitions through leases, and in partnership with the operations team to deliver the retrofit plan. Work with the LE team and across other functions to deliver the social impact strategy.
• Stakeholder Management:Be an ambassador for Grosvenor, ensuring we maintain and enhance our long-term reputation with the local community. Identify and engage actively with all tenants to achieve the portfolios commercial objectives.
• Market Knowledge:Understand future trends of the property sector and occupier needs and how that could and should influence our tenant mix, landlord offer and property specification.

Key Requirements

• Track record in the property sector and in retail asset management with evidence of creating value through investment and asset management activity.
• Skilled in negotiation.
• An ability to create and nurture relationships with tenants.
• An understanding of how to source, underwrite and execute investment transactions and able to assist on larger complex deals and projects
• Strong commercial acumen on revenue generation, value creation, cost control and budgetary management.
• Experience of development management and knowledge of development appraisals
• Strong financial acumen ability to understand cash flows, business plans, valuations.
• Financial modelling capability.
• Ability to multi task and prioritise varied workload.
• RICs qualified

Please note that this is a fixed term opportunity from February 2025 to January 2026, to cover a period of maternity leave within the team.

We know flexibility is important and take a hybrid approach to working, please contact us for further details.

We want you to have every opportunity to show us your strengths. There are adjustments available for our process, please contact us to discuss.

Grosvenor is proud to be a Disability Confident Committed employer.

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