Office Portfolio Strategist
6 days ago
Job Summary:
We are seeking an experienced Office Portfolio Strategist to join our team at The Portman Estate.
About the Role:
The successful candidate will be responsible for driving performance of our office portfolio, with a focus on reducing vacancy, delivering long-term income growth, and increasing tenant retention rates through developing strong occupier relationships.
The portfolio comprises over 200 directly let units across close to 90 buildings, catering to a range of occupier requirements.
The individual will work closely with the Head of Commercial Property and supported by another Asset Manager to co-ordinate success across the office portfolio.
Key Responsibilities:
- To extract added value and maintain/improve income from the office portfolio, as well as other sector assets where required.
- To prioritise excellent customer service in all aspects of day-to-day asset management, ensuring that Landlord and Tenant interactions are conducted in accordance with the ethos and values of the Estate.
- To contribute to the formulation of long and short-term strategies of the Estate, together with performance reviews to ensure the profitable growth of the assets of the Trust and the Company.
- To carry out detailed analysis of the performance of the office portfolio, attributing all costs and income on a unit-by-unit basis and identifying performance drivers.
- To work with internal teams and external advisors to assess the net operating income of the portfolio.
- To provide oversight and report to the Board on performance of our operating partners providing serviced office space on the Estate.
- To be responsible for progressing lease events such as rent reviews and lease renewals across the directly managed office portfolio, and to ensure that the negotiations are initiated and undertaken in a timely and professional manner.
- To take responsibility for timely and professional documentation of all requests for consent, including lease assignments.
- To provide valuation and investment advice in respect of relevant assets within the team's area of responsibility.
- To liaise with Building Surveyors in respect of works, dilapidations and wants of repair.
- To prepare annual budgets for properties within the office portfolio.
- To liaise with the Credit Control Manager regarding rent collection and assist in recovery of arrears.
- To ensure all tenant queries are responded to in an efficient and professional manner, ensuring acknowledgement of such queries within at least 24 hours.
Requirements:
- Strong understanding of the London office leasing market
- Recent experience of the London office leasing market
- Working knowledge of the flex office market
- Highly organised with an ability to multitask
- Excellent communication skills
- Strong numeracy skills
- Good attention to detail
- Good time management skills and ability to meet deadlines
- Ability to handle sensitive data
- Strong customer service skills
Salary: Up to £70,000 depending on experience.
Location: London, UK.
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