Asset Manager - Retail

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The London Estate (“LE”) is expected to make a significant contribution to the performance and growth of GPUK. This role plays a key part within the London team to deliver our purpose of delivering lasting commercial and social benefit.

The role will ensure we create and maintain great places to live, work and visit, maintaining and enhancing our long-term reputation and performance. The role will drive our Retail portfolio in London to be the place of choice and the LE team to be the Partner of choice.

This role sits in the London Estate Mayfair retail team, part of our £5.5bn UK property portfolio and will be specifically responsible for the Mount Street Neighbourhood (including South Audley Street, Mount Street and Carlos Place).

This portfolio has prime residential, retail, F&B, office and hotel assets but is dominated by luxury retail and F&B. The purpose of this role is to support the delivery of the plan for this area, creating value through deep asset management experience. The London Estate is serviced by an operations and development team to ensure the London Estate maximises current and future income and excels at delivering social benefit, and this role will work closely with those teams to ensure a seamless delivery for our tenants and our business.

This is a portfolio management role where you are expected to understand the drivers of economic success.

Key Responsibilities:

• Delivery: Responsible for delivering the portfolio business plan focusing on key asset management areas – delivering commercially attractive lease and re-gear transactions lease events, rent reviews, development pipeline (including identification, planning and delivery). Deliver commercial returns in line with the business plan and budget. Prepare robust valuation and cash-flow underwriting and appraisals for investment, development and asset management activity and prepare balanced recommendations to support the relevant opportunities and underwriting.
• Performance: Drive high performance across the assets you manage, ensuring key financial and social metrics are at the centre of decision making. You will be responsible for ensuring the portfolio data is accurate and used as a powerful tool in decision making. Work in partnership with key service providers, internal teams such as property management and development, to ensure high quality service delivery to create value for the portfolio.
  
  Act as client to our marketing and public realm teams to ensure we create attractive destinations for our visitors, shoppers, and workers.
• Marketing: we’ve recently changed our strategy to make marketing more closely aligned with the portfolio strategy. You will be responsible for working with the team (both internal and external) to engage with occupiers on marketing initiatives, support on comms and ideation
• Budgeting and reporting: Understand the drivers of performance which enhance good decision making. Report monthly on progress for your assets, highlighting key risks and opportunities. Responsible for budgeting, forecasting and explaining any variances to plan.
• ESG: Champion sustainability across the portfolio assets both directly and indirectly; directly through influencing tenants to align to our sustainability ambitions through leases, and in partnership with the operations team to deliver the retrofit plan. Work with the LE team and across other functions to deliver the social impact strategy.
• Stakeholder Management: Be an ambassador for Grosvenor, ensuring we maintain and enhance our long-term reputation with the local community. Identify and engage actively with all tenants to achieve the portfolio’s commercial objectives.
• Market Knowledge: Understand future trends of the property sector and occupier needs and how that could and should influence our tenant mix, landlord offer and property specification. Work closely with the other members of the portfolio team to share knowledge, ensuring the best outcomes for the portfolio.
• Luxury: Demonstrate a good understanding of the luxury retail market and associated U/HNWI customer.

Key…