European Development Director – Hotels & Living Sectors
Location: London | Pan-European focus
We are representing one of the world’s leading real estate investment platforms in the appointment of a European Development Director – Hotels & Living Sectors.
- Based in London with a pan-European remit, this is a senior appointment providing development leadership across a significant portfolio of hotel and living-sector investments - it is dynamic and varied portfolio encompassing BTR, PBSA, Housing and Senior Living.
- Working closely with the European investment team and senior management teams across a number of portfolio businesses, the successful candidate will provide strategic development oversight across existing assets, new acquisitions and major capital projects.
- This is a highly commercial development role sitting at the intersection of investment, development and asset management. But first and foremost, the client is seeking a candidate with established Development expertise - an individual who can utilise their technical development skills to compliment the wider team.
- In return you will have unparalleled exposure to a diverse European portfolio and the opportunity to influence complex, high-value projects from underwriting and acquisition through planning, construction and delivery.
The Role:
The European Development Director will take responsibility for assessing, managing and mitigating development risk across the portfolio, providing senior-level oversight and challenge to portfolio companies, development partners and external project teams.
Key responsibilities will include:
- Developing and implementing strategies for newly acquired assets and identifying emerging development risks.
- Providing senior oversight of complex development and refurbishment programmes across the hotel and living sectors.
- Working closely with portfolio-company management teams, development directors, project managers and owners’ representatives.
- Assessing development risk associated with new acquisitions, existing investments and major capital projects.
- Reviewing development assumptions during underwriting, including costs, contingencies, programmes, phasing, planning strategy and delivery milestones.
- Leading and overseeing development-related due diligence on potential acquisitions and investment opportunities.
- Evaluating alternative development scenarios and their impact on investment returns.
- Supporting wider investment activity including acquisitions, financing, forecasting and strategic business planning.
- Providing senior stakeholders with clear recommendations on project strategy, risk and allocation of resources.
- Travelling across Europe as required to review projects, resolve development challenges and support delivery.
The Candidate:
We are looking for an established development professional with approximately 10+ years’ relevant experience gained within development management, construction management, real estate investment or a closely related environment.
Candidates should bring:
- A strong track record delivering or overseeing large-scale and complex real estate development projects.
- Experience within (one of or more) hotels, residential, student accommodation or other living sectors.
- Exposure to projects across the UK and Continental Europe.
- Fluency in a second language, such as Italian, Spanish or German - could also be advantageous.
- Strong commercial judgement and the ability to assess development opportunities from an investor’s perspective.
- Experience interrogating development appraisals, costs, programmes and investment assumptions.
- Analytical capabilities, with well-versed understanding of real estate financial modelling and valuation.
- The credibility to work effectively with investment professionals, portfolio-company leadership teams, development partners and senior external advisers.
This is an opportunity to join one of the world's leading real estate investment platforms in a senior European role with significant exposure to both investment decision-making and the delivery of complex hotel and living-sector projects.
All enquiries will be treated in the strictest confidence.
Development Director - Hotels & Living Sectors - Europe in Slough employer: Cobalt Recruitment
Join a dynamic real estate development and investment management firm in London, where your expertise in equity capital raising will be highly valued. With a lucrative salary and performance-based bonuses, you'll thrive in a high-growth environment that fosters collaboration and innovation among ambitious investors. Our supportive work culture prioritises employee growth, offering unique opportunities to expand your professional network and enhance your skills in a vibrant city known for its financial prowess.
