Asset Manager

4 weeks ago

London, United Kingdom Praxis Group Full time

Retail Asset Manager


Are you ready to be instrumental in the growth of a top-tier, privately-owned commercial real estate firm? We're looking for a new Retail Asset Manager to join our established team in London.


This role will be working alongside our Senior Asset Managers who look after our portfolio of privately-owned retail assets across the UK.


In future if you do well, you’ll then progress to a Senior AM role with full ownership of your assets.


About Praxis Group:


Founded in 2009 with roots going back over three decades, Praxis has earned a reputation for exceptional investment performance and market expertise, partnering with private equity, local authorities, institutions, and high-net-worth investors.


With over 400 employees across our integrated platform, Praxis manages the full real estate value chain from offices in London, Manchester, and Birmingham.


About the role:


In this role within our established Asset Management team, you will work alongside Senior Asset Managers, supporting the effective management of our diverse UK portfolio of privately-owned retail assets. You’ll play an essential role in making key decisions for shopping centre management, identifying opportunities to enhance cash flow and asset value, supporting initiatives to increase value, and assisting in the full property management process with dedicated in-house PM resources.


You’ll be expected to contribute to concise, accurate, and impactful reporting, present confident pitches to both internal and external stakeholders, offer top-tier asset management insights, and support the profitable growth and development of our retail assets.


Key Responsibilities:


  • Assist with implementing the agreed annual business plan to deliver targets for net income, occupancy rates, transaction flow and ERV growth
  • Identification and delivery of asset enhancement initiatives, including the implementation of value-add strategies
  • Liaise with the Leasing Manager to execute the leasing strategy including the reconfiguration of available space
  • Improve the net income target at each centre by removing breaks, extending leases, implementing rent reviews/lease renewals etc.
  • Work closely with the PM resource to srcutinise the Service Charge budgets
  • Assist with the PPM, utilising in-house expertise and external resource to manage this appropriately, as well as pro-actively managing repairs
  • Working closely with our Facilities Management team to ensure cost and operational-effective site management
  • Supporting the Company’s response to tenders, assisting with acquisition and disposal due diligence
  • Assist with completing and presenting detailed, accurate and effective reports


What We’re Looking For:


  • Retail Property/Asset Management working experience
  • Demonstrable understanding of how to best manage expectations, and deal with demanding clients
  • Demonstrable report-writing and presentation skills
  • Advanced ability across MS Office packages including but not limited to MS Excel/Visio
  • Ability to combine property knowledge with professional presentation and report writing skills
  • Commercial awareness, industry knowledge and competitor analysis
  • A background of working within a retail property management team, bringing a working knowledge of how the nature of this relationship works


Benefits:


  • 25 days holiday + bank holidays
  • PMI & Healthcare Cash Plan
  • 5% Company Pension Contribution
  • 3x Life Assurance


Working Pattern:

4 X a week either on-site or in our London office.

Must be comfortable with travelling frequently across the UK on a weekly basis.


If you’re decisive, organized, and passionate about asset management within a dynamic team, apply now to elevate your career and make a tangible impact in retail asset management.

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