Asset Manager

Job Specification: Asset Manager 

Office Location: London 

RivingtonHark’s head office is in central London.

About RivingtonHark:

RivingtonHark is a real estate investor, asset manager and development manager with a focus on UK towns and cities. The business is at the forefront of the repositioning and repurposing of retail property and is actively transforming town and city centres. We are passionate about what we do and are highly respected industry leaders. 

We are currently working on an enviable and diverse portfolio of projects spanning on behalf of private and public sector investors across the UK. We provide Asset Management services on 10 shopping centres and our Development Management team are currently completing, among other things, a new iconic live entertainment venue in Swansea and leisure led mixed use development in Chester. We are also re-planning the core of Newcastle City Centre and have been appointed by Shropshire Council to lead the mixed use regeneration of Shrewsbury town centre. 

Many of the founding partners still run the business and are heavily involved in running projects which provides a stable foundation for the business to continue to grow. Our track record and reputation has enabled us to develop and maintain longstanding relationships with partners, investors, councils and occupiers over many years. We pride ourselves on our ability to deliver what we say we will.

RivingtonHark is a dynamic company that encourages fresh, innovative thinking and challenges established approaches to the issues faced in the retail property world. With our success in securing a number of new mandates and further acquisitions in the pipeline we are now seeking an Asset Manager to support the continuing growth of the business.

This is an exciting time to be joining the company. There is plenty of opportunity for career progression and helping to shape the business going forwards.

Job Role:

We are seeking a commercially aware, outgoing and energetic individual to work in one of the leading UK businesses focused on the curation and transformation of retail places. The successful candidate will join the asset management team as Asset Manager reporting to the Director of Asset Management. The role will involve supporting a lead Director in the asset management of a number of assets across the portfolio with the opportunity to have direct exposure to a diverse set of partners, investors and clients. 

Many town centre retail assets need repurposing and/or repositioning to more closely align them with their catchment markets and ensure they are functionally relevant. This job role will involve all aspects of asset management including the creation and implementation of business plans principally designed to develop and enhance net income and value. The business plans may involve alternative uses such as residential, office and leisure and an important part of this job will be to challenge traditional thinking of how retail centres work, how they are marketed to consumers and seek to identify suitable scheme strategies accordingly.

In addition to the asset management responsibilities, the successful candidate will assist with the due diligence on investment purchases and sales. 

Duties/Responsibilities:

• Work closely with a lead Director on Asset Management projects across the portfolio.
  • Develop and implement value-add strategies for individual assets under management.
  • Contribute to the formulation of annual business plans for each asset.
• Implementation of the agreed asset business plans to deliver net income targets.
• Managing and executing all leasing and major lease events in line with asset strategy (to include lease re-gears, lease renewals, rent reviews, surrenders and forfeitures) to achieve optimised returns.
• Identifying and managing capital expenditure for projects in line with business plan.
• Implementing and overseeing refurbishment programmes and asset repositioning.
• Managing third party service providers including: letting agents, solicitors, property managers, marketing agencies and building surveyors.
• Developing strong working relationships with clients.
• Interact with occupational tenants to understand their evolving requirements and needs.
• Taking an active role in reporting, both internally and externally, through a variety of
  channels.
• Work with the managing agents to review and agree annual service charge budgets and understand any implication on lettings, renewals, etc.
• Work with the property management team, to ensure successful delivery of the day to day management including arrears management.
• Monitoring and ensuring the managing agents are keeping the tenancy schedule information accurate and up to date.
• Assisting with any required due diligence for UK acquisitions and sales.

Candidate’s Skillset/Qualities:

• Previous asset management experience preferred.
• Strong commercial acumen.
• Good attention to detail.
• Experience of retail, leisure or F&B an advantage.
• A good understanding of Landlord and Tenant legislation. 
• Excellent communication and negotiation skills.
• A strong work ethic.
• Excellent Microsoft Office skills (Word, Excel, PowerPoint).
• Good time management and ability to prioritize workload. 
• Good analytical and problem-solving capabilities.
• Have a flexible and proactive approach.
• Ability to work independently and collaboratively within a team framework.
• Self-motivated, committed and organised
• Outgoing personality with a sense of humour.
• Full UK Driving Licence

If you want to be part of a growing business, making a meaningful impact on retail and town centres in the UK and think this is a role for you, email your CV to edie.cockrell@RivingtonHark.com