Residential Portfolio Director

2 months ago


London, Greater London, United Kingdom Grosvenor Full time
Residential Director Job Description

Reporting to the Director, Investment & Residential London Estate, this role will be responsible for leading the strategic and financial performance of the London Estate's residential short-let portfolio. The portfolio comprises approximately 350 rental units held on a mixture of Assured Shorthold and Assured tenancies, together with approximately 80 'regulated' tenancies.

Key Responsibilities
  • Develop and deliver a short-let residential strategy to improve the long-term net income yield and customer experience.
  • Have profit and loss responsibility for the short-let portfolio, including delivering the annual budgeted net rental income targets.
  • Identify and execute residential acquisitions in line with business strategy.
  • Prepare development appraisals, underwrite approval reports, and make balanced recommendations for refurbishment and investment opportunities.
  • Deliver an effective digital marketing and leasing platform to improve the speed of lettings and enhance the customer experience and brand.
  • Oversee the creation of a performance dashboard to inform quicker data-led decisions.
  • Explore other business adjacencies to enhance and complement the portfolio's performance, sustainability objectives, and reputation.
  • Communicate regulatory changes to the business and create strategies to mitigate any adverse effects.
  • Deliver the portfolio's annual sustainability and Net Zero Carbon targets.
Requirements
  • Property professional (MRICS) or other recognised business qualification preferred.
  • Experience with writing and presenting compelling business strategies.
  • Excellent financial and commercial awareness, including ability to undertake and present detailed financial analysis against key metrics.
  • A strong appreciation of the residential regulatory environment and ability to create strategies for mitigating any adverse impacts to the portfolio.
  • A demonstrated ability to successfully promote, lead, and execute strategy and grow income and value for a portfolio of assets.
  • A track record of identifying and executing innovative new business opportunities.
  • Experience, contacts, and extensive knowledge of central London residential property market.
  • Experience with residential valuations and executing residential asset management initiatives.
  • Ability to present, effectively communicate, and write compelling business recommendations to a variety of internal and external audiences.

We know flexibility is important and take a hybrid approach to working.



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