Asset Manager | DEVA | London

You will be responsible for the active oversight of a portfolio of real estate investments across continental Europe, with a primary focus on driving performance by holding JV partners accountable for delivery of their business plans. The role is centered on hands‑on asset management — closely supervising JV partners, monitoring construction and development programmes, tracking leasing and lease‑up, managing refinancing and assessing the market to optimise exit timing.

Responsibilities

• Take ownership of asset‑level performance across a portfolio of investments, holding JV partners accountable for delivery of their business plans and intervening proactively where execution falls behind.
• Closely supervise JV partners as they manage construction and development programmes, monitoring progress against programme, budget and quality, and pushing partners to resolve delays, cost overruns and delivery risks.
• Oversee leasing and lease‑up, tracking letting progress against business plan assumptions and challenging JV partners to maintain momentum, secure tenants and protect rental values.
• Lead and manage refinancing processes, working with JV partners, lenders and advisers to put appropriate debt in place, managing maturities and optimising capital structures.
• Continuously evaluate market conditions to inform hold/sell decisions and optimise exit timing, ensuring disposals are executed to maximise value.
• Act as a key interface with JV partners and local asset managers, setting clear expectations, holding regular performance reviews and maintaining a culture of accountability and close supervision.
• Lead and execute key investment decisions, including hold/sell, refinancing and recapitalisation, grounded in commercial judgement and market insight.
• Support transaction processes (including disposals, refinancing and recapitalisations) from origination through to completion, coordinating internal teams and external advisers.
• Contribute to valuation processes drawing on asset performance, market conditions and exit assumptions.
• Maintain disciplined tracking of KPIs, financial performance and market dynamics, ensuring timely and accurate reporting to senior stakeholders.
• Work closely with the real estate portfolio manager to strengthen business plan tracking, reporting frameworks and portfolio‑level oversight.
• Support the preparation of high‑quality investment materials, including portfolio reviews, asset‑level updates and investment committee papers.
• Leverage market intelligence and external relationships to benchmark performance and inform strategy and exit timing.
• Contribute to broader platform initiatives, including ESG delivery, portfolio construction and capital allocation decisions.

Qualifications

• Strong experience in real‑estate investing, asset management or private‑equity real‑estate, with a clear emphasis on hands‑on asset management, business plan delivery and value creation.
• Strong financial and commercial capabilities, with the ability to interrogate asset‑level performance, challenge assumptions and drive corrective action.
• Demonstrated experience managing and holding JV partners, operating partners or third‑party asset managers accountable for delivery, with a focus on driving performance, governance and strategic alignment.
• Experience managing investments across continental Europe, with a solid understanding of local market dynamics and how these impact asset performance and business plan delivery.
• Sector familiarity across industrial/logistics, living (residential / PBSA / BTR) and hotels, with the ability to drive performance and benchmark assets across markets.
• Strong understanding of asset‑level business plans, including leasing, operational performance and capex programmes, with the ability to oversee, challenge and drive delivery of these on the ground through JV partners.
• Direct experience overseeing development and construction programmes through JV or operating partners, monitoring delivery against programme, budget and quality.
• Hands‑on experience of leasing and lease‑up, and of leading refinancing processes with lenders and advisers.
• Experience leading and executing key investment decisions (e.g. hold/sell, refinancing, recapitalisation) through to completion.
• Familiarity with valuation methodologies and the ability to assess valuation drivers, sensitivities and exit assumptions.
• Working knowledge of financing structures and lender dynamics, with the ability to manage debt and lead refinancing processes.
• Strong commercial judgement, with a hands‑on, ownership mindset, with the ability to operate effectively in a lean, high‑performance environment.
• Excellent communication skills, with the ability to present clearly and credibly to JV partners and senior stakeholders, hold partners to account and influence delivery and decision‑making.
• Highly organised with strong attention to detail.
• 8+ years experience would be beneficial.
• Desirable (but not essential) Degree in Finance, Real Estate, Economics or a related discipline and/or relevant professional qualifications (e.g. CFA, ACA, MRICS).

Benefits

• Competitive salary plus discretionary performance‑related annual bonus.
• Hybrid working arrangement with flexibility to work from home one day per week (on average).
• Pension contribution: company contributes 8% of salary automatically; up to 12.5% if employee contributes.
• 30 days’ holiday plus bank holidays.
• Company‑funded private medical insurance and access to digital health services.
• Protection for you and your family: company‑funded death‑in‑service benefit, income protection insurance and optional discounted rates for additional life assurance and critical illness cover.
• 24/7 access to an online employee discount platform and voluntary health‑care benefits at discounted rates.
• Well‑being support across physical, mental, social and financial pillars via partners and apps.
• Global growth opportunities within the international network.

We are an inclusive organisation that provides equal opportunities for everyone – regardless of age, gender, disability, civil status, race, religion or sexual orientation. All persons must have the right to work in the UK to commence employment. If a right to work is lacking or a visa application is unsuccessful, Deva will not proceed with the application and will withdraw any conditional offer previously made.