Associate, Asset Management
QuadReal
- Location
- London
- Work model
- On-Site
- Level
- Entry
About this role
About QuadReal Property Group QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $98.5 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities globally for investments in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come. QuadReal: Excellence lives here. www.quadreal.com Role description Based in London, the Associate will support members of the European Asset Management team. This role will provide exposure to QuadReal’s full EU portfolio, consisting of Residential, Industrial, Office, and Alternative Asset Class properties. This role will provide key support for the following, including but not limited to: developing and executing asset strategy plans to enhance value, increase returns, and position assets for growth. This position will also require close collaboration with Valuations, Portfolio Management and Investment teams, and working on a variety of projects with senior leadership. The successful candidate will provide leadership in developing, executing, and managing key business processes in the indirect investment portfolio to position for optimal growth and scalability.
Responsibilities
Lead the development and execution of comprehensive asset strategies including leasing, operating & capital budgeting, property improvements, ESG delivery, risk management, and hold/sell analysis Work closely with third-party Joint Venture managers and partners to oversee leasing and marketing strategy, operating expense management and capital needs of the property Understanding JV documentation and interpreting such to aid in management of the investment strategies Oversee the annual budget process both interfacing with the JV partner and internal teams Analyze and compare current and historical financial reporting on key metrics against underwriting and budget Aggregate asset-level data and prepare in conjunction with Portfolio Management, monthly, quarterly, and annual reporting for clients, senior management (as required) Monitor JV managers' performance for compliance with annual budgets and business plans, and prepare quarterly updates on asset performance, including progress on strategic initiatives Assist in monitoring development and capex projects in conjunction with JV partners Prepare hold/sell analyses, and property performance updates, evaluate financing scenarios and other investment decisions in conjunction with the Investment team Assist in furthering asset management initiatives to streamline and standardize operations, reporting, and key databases using AI technology along with other means Collaborate with the Investment teams in the due diligence process for new investments regarding underwriting assumptions (market rent, rent growth, expenses, capital expenditures, etc.) Collaborate with internal and external teams on asset dispositions and refinancing activities Liaise with research and investment teams to stay current on local market dynamics and understand its impact on how each asset is positioned in its respective market. Overseeing the internal analyst team to ensure smooth execution of workstreams and knowledge sharing Develop strong relationships with our Joint Venture partners who will be in multiple jurisdictions and across asset classes Develop in-market relationships with service providers to understand each assets competitive positioning relative to rents, lease terms, vacancy, supply/demand fundamentals, and operating costs Travel to assets to meet with onsite property management teams,