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For Companies At a Glance
- Tasks: Manage a portfolio of Business Space assets, driving value and cash flow.
- Company: Join Praxis, a top-tier UK real estate investor with a stellar track record.
- Benefits: Enjoy competitive salary, 25 days holiday, private medical insurance, and team celebrations.
- Why this job: Take ownership of your portfolio and make impactful decisions in a dynamic environment.
- Qualifications: Relevant Asset Management experience and ideally RICS Qualified; strong Excel skills required.
- Other info: Work on-site in Knightsbridge with opportunities for regular asset visits across the UK.
The predicted salary is between 43200 - 72000 £ per year.
About the Role
Join an industry-leading, privately-owned commercial real estate company as an Asset Manager responsible for a portfolio of Business Space assets. In this pivotal role, you’ll drive asset value and cash flow by overseeing the property management process, identifying opportunities for revenue growth, and ensuring successful execution of asset enhancement initiatives. You’ll work alongside an established team and lead on initiatives such as tenant negotiations, refurbishment projects, and meeting ESG targets.
This is a challenging role that offers full ownership of your portfolio, requiring you to make key decisions and manage a variety of internal and external stakeholders, with the support of an in-house property management team.
About Praxis:
Praxis is a well-established privately-owned investor and manager of UK real estate with a peerless track record of exceptional investment performance rooted in astute market timing and best-in-class asset management.
Key Responsibilities:
- Improve Net Operating Income (NOI) through leasing, rent reviews, and new revenue streams.
- Reduce void costs across your portfolio and reconfigure space to meet tenant demand.
- Market vacant spaces, negotiate terms, and maximise income opportunities.
- Lead refurbishment and reconfiguration projects in collaboration with external consultants.
- Ensure adherence to ESG metrics and report on business plan progress.
- Oversee routine maintenance, repairs, inspections, and service charge budgets.
- Support investment teams with due diligence on potential new acquisitions.
Requirements:
- Relevant Asset Management experience, ideally with a strong foundation in Property Management (Business Space/Office Asset focus).
- Ideally RICS Qualified.
- Proficiency in MS Office, particularly Excel.
- Excellent communication, presentation, and report-writing skills.
- Commercial awareness and industry knowledge, with the ability to manage expectations and progress reports.
- A background of working as an Asset Manager within a shared team, bringing a working knowledge of how the nature of this relationship works.
What We’re Looking For:
- Initiative, creativity, and the ability to think strategically about repurposing real estate assets.
- Strong interpersonal skills, capable of managing and influencing teams.
- Confidence in decision-making and handling pressure effectively.
- A detail-oriented, positive approach with a commitment to high-performance standards.
Location: On-site/In Office | Full-Time, 5 Days Per Week
You\’ll be based at our Knightsbridge offices on Brompton Road, with regular visits to our assets across the UK as needed.
Salary & Benefits:
- Competitive salary and bonus
- 25 days holiday plus bank holidays
- Private Medical Insurance (PMI) and Healthcare Cash Plan
- 5% Company Pension Contribution
- 3x Life Assurance
- Cycle to Work Scheme
- Referral Scheme
- Discretionary uncapped bonus (once eligible after probation)
- Team Celebrations & Social Events
Business Space Asset Manager employer: Praxis Group
Contact Detail:
Praxis Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Space Asset Manager
✨Tip Number 1
Familiarize yourself with the latest trends in commercial real estate, especially in Business Space assets. Understanding current market dynamics will help you speak confidently about how you can drive asset value and cash flow.
✨Tip Number 2
Network with professionals in the industry, particularly those who have experience in asset management and property management. Building relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed portfolios or led refurbishment projects in the past. Highlighting your hands-on experience will demonstrate your capability to take ownership of the role.
✨Tip Number 4
Showcase your understanding of ESG metrics and how they apply to asset management. Being able to articulate your approach to sustainability will align well with the company's goals and values.
We think you need these skills to ace Business Space Asset Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant Asset Management experience, particularly in Property Management. Emphasize your achievements in improving Net Operating Income and managing refurbishment projects.
Craft a Compelling Cover Letter: Write a cover letter that showcases your initiative and strategic thinking regarding repurposing real estate assets. Mention specific examples of how you've successfully managed tenant negotiations or enhanced asset value.
Highlight Communication Skills: Since excellent communication and report-writing skills are crucial for this role, provide examples in your application that demonstrate your ability to manage expectations and influence teams effectively.
Showcase Your Industry Knowledge: In your application, reflect your commercial awareness and understanding of the real estate market. Discuss any relevant trends or insights that could impact the role of an Asset Manager.
How to prepare for a job interview at Praxis Group
✨Showcase Your Asset Management Experience
Be prepared to discuss your relevant experience in asset management, particularly in the context of Business Space or Office assets. Highlight specific examples where you've successfully improved Net Operating Income or managed refurbishment projects.
✨Demonstrate Your Strategic Thinking
Think about how you can repurpose real estate assets creatively. During the interview, share your ideas on identifying new revenue streams and reducing void costs, showcasing your ability to think strategically.
✨Highlight Your Communication Skills
Since this role involves managing various stakeholders, emphasize your excellent communication and presentation skills. Be ready to provide examples of how you've effectively negotiated terms or influenced teams in past roles.
✨Prepare for ESG Discussions
Given the importance of ESG metrics in this role, familiarize yourself with current trends and best practices in sustainability within real estate. Be ready to discuss how you've ensured adherence to ESG targets in previous positions.
