At a Glance
- Tasks: Manage diverse commercial properties and negotiate leases to ensure tenant satisfaction.
- Company: Dynamic commercial landlord with a focus on high-quality asset management.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth in a vibrant London-based portfolio.
- Why this job: Join a hands-on team and make a real impact in the commercial property sector.
- Qualifications: 5+ years in Commercial Asset Management with strong negotiation skills.
Our client is a privately owned commercial landlord, who is now seeking to strengthen their Asset Management team by appointing an experienced Commercial Asset Manager to deliver high-quality services across a diverse portfolio of mixed-use properties. This role will need someone who is hands-on with a detailed understanding of leases, service charges and obligations under the 1954 landlord and tenant act. There is very little property management involved in this role but the ability to coordinate your work with the Property Management Team and other internal colleagues is essential. You will take responsibility for the full spectrum of Asset Management and must be a proven negotiator who can find solutions that work for the company but also new and existing tenants.
Key Responsibilities will include, but not be limited to:
- Proactively monitoring, negotiating and dealing with tenants’ leases including rent reviews, break clauses and lease expiries. You will need to be familiar with standard commercial leases and be able to interpret lease terms from leasing documents.
- Selecting, instructing and monitoring letting agents on vacant commercial properties, whilst minimising costs of vacant properties.
- Review, negotiate and agree Head of Terms with prospective tenants via instructed agents.
- Ensure the accuracy of property data is up to date and maintained on CRM system in respect of leases, service charges and insurance details.
- Responsible for annual insurance renewal ensuring best value and billing recoverable premiums from appropriate tenants as well as managing insurance claims.
- Instructing county court claims and managing post CCJ recovery action.
- Dealing with applications for consent including alterations, assignments and underlettings.
- Responsibility for block/building level compliance. Ensure statutory audits are undertaken, recorded and accounted for in the service charges for health & safety, fire, asbestos, water risk assessments and more.
- Corresponding with VOA to deal with all business rates matters.
- Approve service charge budgets, demands and apportionments.
- Oversee Section 20 procedures for long term service contracts and major works.
- Oversee that all projects are communicated to relevant residential and commercial tenants.
- Liaise with accounts department for end of year service charge reconciliations, oversee the recovery of relevant recharges and service charge arrears.
Essential experience:
- Minimum 5 years comparable experience in a Commercial Asset Management role.
- Comprehensive knowledge of relevant legislation, together with strong commercial and financial acumen.
- The ability to be hands-on and work as part of a wider commercial team is essential.
- Accuracy and attention to detail essential. You need to be organised, able to prioritise, manage your time efficiently and work to deadlines.
- Excellent communication and writing skills.
- Proven influencing and negotiation skills.
- Ability to work autonomously but also be a valuable member of the wider commercial team.
- Previous use of Qube property management software preferred.
Commercial Asset Manager in London employer: Prestige Talent Partners Ltd
As a privately owned commercial landlord, our client offers an exceptional work environment for the Commercial Asset Manager role, with a focus on professional growth and collaboration within a dynamic team. Employees benefit from a supportive culture that values hands-on experience and encourages innovative problem-solving, all while managing a diverse portfolio of properties in the vibrant Central London area. With opportunities for career advancement and a commitment to maintaining high standards, this company is an excellent choice for those seeking meaningful and rewarding employment.
Contact Details:
Prestige Talent Partners Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Asset Manager in London
✨Get Involved in Local Property Events
Dive into local property expos and networking events! Real estate thrives on connections, so attending these events helps us meet potential employers and industry leaders, plus it's a chance to show off your enthusiasm for the field.
✨Connect with Local Agents on Social Media
Follow and engage with local real estate agents and firms on platforms like Instagram and LinkedIn. Sharing their posts and commenting with your insights can put you on their radar and might even lead to job opportunities at companies like Prestige Talent Partners Ltd.
✨Don’t Underestimate the Power of Cold Outreach
Got your eye on a specific company like Prestige Talent Partners Ltd? Don't hesitate to send a direct message or an email expressing your interest. Personalise your approach, maybe mentioning a recent listing or project of theirs, and it could set you apart from other candidates.
✨Utilise Property Management Platforms
Check out property management platforms and job boards tailored for the real estate sector. They often have exclusive listings, especially for full-time roles. Don't forget to visit Prestige Talent Partners Ltd's careers page directly; we love seeing passionate candidates applying through our website!
We think you need these skills to ace Commercial Asset Manager in London
Some tips for your application 🫡
Show Your Real-Estate Savvy:When crafting your CV and cover letter, make sure to highlight any relevant experience in the real estate sector. If you've done internships, assistant roles, or even relevant coursework, lay it out clearly. We want to see your familiarity with market trends, property management, or any sales experience you've got under your belt!
Quantify Your Achievements:In real estate, numbers speak volumes! When detailing your past roles, use concrete figures to demonstrate your achievements. For example, mention how many properties you sold, the percentage increase in client satisfaction, or any successful negotiations. These metrics can give your application that extra punch it needs!
Tailor Your Documents for the Job:Every application should feel personal. When applying for the Commercial Asset Manager role at Prestige Talent Partners Ltd, tweak your CV to focus on aspects that are important to them. If they value client relationships, emphasise your interpersonal skills. We want to see you aligning your experiences with what they're looking for!
Keep It Professional Yet Approachable:While we want you to show off your expertise, don't forget to let your personality shine through in your cover letter. A touch of friendliness can set you apart, especially in real estate where client interaction is key. Show that you're ready not just to work with the property but also with people!
How to prepare for a job interview at Prestige Talent Partners Ltd
✨Know Your Market Trends
In real estate, it’s all about staying ahead of the curve. Make sure we brush up on the latest market trends in the area where Prestige Talent Partners Ltd operates. Being able to discuss local property values, demand, and upcoming developments will show that we’re not just interested in the job, but genuinely invested in the industry.
✨Prepare for Scenario Questions
Expect some scenario-based questions during the interview. We might get asked how we’d handle different client situations or property evaluations. Preparing our responses for common real estate scenarios not only demonstrates our problem-solving skills but also shows that we can think on our feet in a client-facing role.
✨Showcase Your Connections
In full-time real estate, networking is key! Let’s think about our connections in the industry and what we can bring to Prestige Talent Partners Ltd. Whether it’s insights on prospective clients or relationships with local contractors, talking about these experiences can set us apart from other candidates.
✨Demonstrate Technical Savvy
Familiarity with different real estate software tools is a big plus. We should be ready to discuss any platforms we've used, whether it's for property management, CRM, or data analysis. Being comfortable with technology not only makes us more efficient, but also shows that we’re adaptable to the tools used at Prestige Talent Partners Ltd.
