Commercial Asset Manager in London - deverellsmith

Job Title: Commercial Property Asset Manager

Location: Westminster, London (SW1)
Salary: £60,000
Contract: Permanent, full-time

Company Overview

Part of a privately-owned family office with over 30 years' experience in property investment and asset management across the UK, this business acts as a single point of contact for domestic and overseas clients, covering the full spectrum of their property requirements. Best known for its track record in residential development and project management, the business also runs a dedicated London property management team, bringing professionalism and discretion to every relationship it manages.

Role Overview

The Commercial Property Asset Manager is responsible for maximising the value and performance of a portfolio of commercial real estate assets. This role focuses on strategic planning, financial performance, leasing optimisation, and stakeholder management to ensure assets achieve income and capital growth objectives.

Key Responsibilities

Asset Strategy & Performance

• Develop and implement asset management strategies aligned with business objectives
• Monitor financial performance, including income, expenditure, and ROI
• Identify opportunities to enhance asset value (e.g., redevelopment, repositioning, lease restructuring)
• Prepare and manage annual business plans and budgets for each asset

Financial Management

• Oversee cash flow forecasting, budgeting, and variance analysis
• Maximise rental income and control operating costs
• Review and approve service charge budgets and reconciliations

Leasing & Tenant Management

• Work closely with leasing agents to reduce vacancies and optimise tenant mix
• Negotiate lease terms, renewals, rent reviews, and extensions
• Maintain strong tenant relationships to improve retention and satisfaction
• Monitor lease compliance and manage arrears in collaboration with property management

Property & Portfolio Management

• Collaborate with property managers to ensure efficient day-to-day operations
• Oversee maintenance plans, capital expenditure (CapEx), and asset improvements
• Ensure properties meet compliance, health & safety, and sustainability standards
• Conduct regular site inspections and performance reviews

Stakeholder Management

• Manage relationships with advisors, agents, surveyors, and legal professionals

Market & Investment Analysis

• Monitor market trends, rental levels, and competitor activity
• Support acquisition, disposal, or redevelopment opportunities
• Conduct due diligence for transactions and support deal execution

Requirements

• RICS qualified
• Around 3-5 years' experience in commercial property asset management

Key Competencies

• Strategic thinking and commercial awareness
• Analytical and data-driven decision-making
• Relationship building and influencing
• Problem-solving and initiative
• Attention to detail and organisational skills

Typical KPIs

• Portfolio income growth and yield performance
• Occupancy levels and tenant retention
• Budget adherence and cost control
• Asset value enhancement
• Delivery of asset management initiatives

Rewards and Benefits

• Health insurance
• Discretionary bonus
• 23 days annual leave, excluding bank holidays
• On-site parking