The Asset Manager will be part of a team of 6 people dedicated to the management and value creation of a large portfolio consisting of office, retail and mixed-use assets based in Belgium and Luxembourg (through both operational assets and forward sales).
The Asset Manager will be in charge of a sub-portfolio and he/she will propose and implement the best value creation strategy for each assets of his / her portfolio and will be responsible for:
Define the asset strategy in line with investors’ requirements: rental reversion, selective sales and growing the portfolio through new acquisitions (mainly forward sales).
Prepare annual business plans including action plans and corresponding financial models (DCF), obtain approval from investors or Investment Committee and follow-on the implementation of the action plan
Prepare investment memorandums for the acquisitions through forward sales and submit them to the Investment Committee.
Prepare, optimise and monitor the asset budget (revenues, opex and capex) with the property managers or asset operators
Monitor forward sales and related pre-leasing period and deliveries.
Monitor external valuations
Monitor asset KPI’s and contribute to reporting of the investors
Manage property managers and all external servicers related to the asset
Supervise the property, manage tenancy issues, claims and supervise potential law suits with legal advisors
Collect and analyse all relevant and updated data / documentation at asset level (technical, legal, tax and commercial data) and ensure the legal conformity and the liquidity of assets
Propose relevant product evolutions or asset repositioning. Management refurbishment or development programs coordinating with internal and/or external development experts. Set-up and implement ESG action plans.
Coordinate all internal and external stakeholders, represent the investor in co-ownership
Prepare and manage disposals (data room, valuation, RFP, etc...)
Support some investments underwritings led by the Acquisitions teams and on-board new assets
Role Requirements :
Educated degree (business school or University Degree)
RICS accreditation would be a plus
Proven track record in real estate: min. 10 years of experience in an asset & investment manager / property company
Knowledge of the Belgium market office market and its players
Understanding of legislations and financial techniques related to real estate investments
Accomplished interpersonal skills, ability to work efficiently in a team in an international and matrix environment
Autonomous, initiative, entrepreneurial and result driven culture
Strong financial skills and analytical capabilities
Verbal and written communications and presentation skills
Creative thinking, capability to develop innovative solutions
Strategic view and responsibility driven
Fluent in French, Dutch and English