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- Tasks: Support asset management of retail properties and enhance cash flow and value.
- Company: Praxis, a leading UK real estate investor with a strong reputation.
- Benefits: Competitive salary, bonus scheme, private medical insurance, and generous holiday.
- Why this job: Join a dynamic team and make impactful decisions in retail asset management.
- Qualifications: Experience in retail property management and strong report-writing skills.
- Other info: Opportunities for career progression to Senior Asset Manager.
The predicted salary is between 36000 - 60000 £ per year.
Location: London on-site 5 days a week (travel across the UK)
To be instrumental in the growth and development of an industry-leading, privately-owned commercial Real Estate company. In this role within our established Asset Management team, you will work alongside Senior Asset Managers, supporting the effective management of our diverse UK portfolio of privately-owned retail assets. You’ll play an essential role in making key decisions for shopping centre management, identifying opportunities to enhance cash flow and asset value, supporting initiatives to increase value, and assisting in the full property management process with dedicated in-house PM resources.
You’ll be expected to contribute to concise, accurate, and impactful reporting, present confident pitches to both internal and external stakeholders, offer top-tier asset management insights, and support the profitable growth and development of our retail assets. We are looking for someone who is comfortable in taking on a challenge and who already has some experience in retail/shopping centre asset management or a strong background in property management or another similar role. In future if you do well, you’ll then progress to a Senior AM role with full ownership of your assets.
Main Duties
- Assist with implementing the agreed annual business plan to deliver targets for net income, occupancy rates, transaction flow and ERV growth
- Identification and delivery of asset enhancement initiatives, including the implementation of value-add strategies
- Liaise with the Leasing Manager to execute the leasing strategy including the reconfiguration of available space
- Improve the net income target at each centre by removing breaks, extending leases, implementing rent reviews/lease renewals etc.
- Work closely with the PM resource to scrutinise the Service Charge budgets
- Assist with the PPM, utilising in-house expertise and external resource to manage this appropriately, as well as pro-actively managing repairs
- Working closely with our Facilities Management team to ensure cost and operational-effective site management
- Supporting the Company’s response to tenders, assisting with acquisition and disposal due diligence
- Assist with completing and presenting detailed, accurate and effective reports
Requirements, Skills and Qualifications
- Demonstrable understanding of how to best manage expectations, and deal with demanding clients
- Demonstrable report-writing and presentation skills
- Advanced ability across MS Office packages including but not limited to MS Excel/Visio
- Ability to combine property knowledge with professional presentation and report writing skills
- Commercial awareness, industry knowledge and competitor analysis
- A background of working within a retail property management team, bringing a working knowledge of how the nature of this relationship works
- Strong initiative and ability to work autonomously and manage own time
- Able to think creatively about repurposing and regeneration of real estate assets
- Excellent interpersonal and team management skills
- Solid administrative skills for effective, accurate report writing
- Self-management of personal performance standards
- Positive approach, commitment with strong influencing and persuading skills
- Ability to support colleagues at all levels within a high-performance function
- Show initiative and creativity to achieve business results within an entrepreneurial business
- Prepare and present clear written documentation including client reports. Excellent written presentation is essential
- Decisive, confident and calm under pressure
- A solid, resilient work ethic
- Able to focus on key issues and prioritise work whilst multi-tasking
Benefits
- Highly competitive salary DOE
- Discretionary bonus scheme
- 25 days holiday per year plus bank holidays
- Office closure over festive season
- Additional holiday with service
- Private Medical Insurance (medical history disregarded)
- 5% Company pension contribution
- 3x Life Assurance
- Cycle to work scheme
- Employee Assistance Programme
About Praxis
Praxis is a privately owned UK real estate investor and manager with a long-established reputation for delivering exceptional returns. Our track record is built on astute market timing, strategic discipline, and best-in-class operational management. The business was founded in 2009, but traces its origins back over three decades and multiple economic cycles. We partner with private equity, local authorities, institutions, and high-net-worth investors, leveraging our fully integrated platform and a team of more than 400 professionals to manage and optimise every stage of the real estate value chain. Praxis operates from offices in London, Manchester, Birmingham, and Glasgow.
Retail Asset Manager employer: Praxis Group
Contact Detail:
Praxis Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retail Asset Manager
✨Tip Number 1
Network like a pro! Get out there and connect with people in the retail asset management scene. Attend industry events, join relevant groups on LinkedIn, and don’t be shy about reaching out to folks for a chat. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your skills! When you get the chance to meet potential employers or colleagues, make sure to highlight your experience in retail property management. Share specific examples of how you've enhanced asset value or improved cash flow – it’ll make you stand out from the crowd.
✨Tip Number 3
Prepare for interviews like it’s game day! Research the company and its portfolio, and come armed with insights on their assets. Be ready to discuss how you can contribute to their goals, especially around occupancy rates and net income targets. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talent that fits our culture and values. Plus, applying directly shows your enthusiasm and commitment to joining our team. Let’s make it happen!
We think you need these skills to ace Retail Asset Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Retail Asset Manager role. Highlight your experience in retail or property management, and don’t forget to showcase any relevant achievements that align with our job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team at Praxis. Mention specific skills from the job description and how they relate to your past experiences.
Showcase Your Reporting Skills: Since concise and impactful reporting is key in this role, include examples of reports you've created in the past. This will demonstrate your ability to communicate effectively and support decision-making.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Praxis Group
✨Know Your Numbers
As a Retail Asset Manager, you'll need to be comfortable with financial metrics. Brush up on key performance indicators like net income, occupancy rates, and ERV growth. Be ready to discuss how you've used these metrics in past roles to drive asset value.
✨Showcase Your Report Writing Skills
Since concise and impactful reporting is crucial for this role, prepare examples of reports you've created in the past. Highlight your ability to present complex information clearly and effectively, as this will demonstrate your fit for the position.
✨Prepare for Stakeholder Engagement
You'll be pitching to both internal and external stakeholders, so practice your presentation skills. Think about how you can confidently communicate asset management insights and strategies that align with the company's goals.
✨Demonstrate Your Creative Thinking
The role requires innovative thinking around repurposing and enhancing retail assets. Come prepared with ideas or case studies where you've successfully implemented value-add strategies. This will show your potential to contribute meaningfully to the team.