Junior Asset Manager Asset Management Newcastle

at  Mileway

We offer an opportunity you simply won’t find anywhere else. In less than four years, Mileway has grown into Europe’s leader in last mile logistics real estate, with a 450-plus team across more than twenty offices in ten countries.
We are looking for a Junior Asset Manager to join our team in Newcastle. You will be part of a young, dynamic team, reporting to our North-East Regional Director, as we build and consolidate our position as the market leader in last mile real estate.
As Junior Asset Manager, you will join an existing team of Asset Managers who together cover a diverse portfolio. You will be responsible for asset management strategy and lease and property management and drive the management of our portfolio while making connections and building our local and national relationships. This portfolio comes with huge potential to add value, and there is development potential for a candidate who has the right mix of creativity, determination, and the flexibility.
The right candidate has not only the drive and discipline to handle the day to day, but the ambition to grow with us as we develop an unparalleled opportunity as the principal player in last mile real estate.

• Implement a sustainable asset management strategy for existing and future assets driven by effective asset management. You can identify the best way to optimize each asset, creating diversified plans, and look for and exploit opportunities to add value in our portfolio and asset management performance
• Manage lettings, renewals, rent reviews, lease surrenders, and associated capital expenditures
• Initiate, negotiate and/ or approve commercial terms of leases (new leases, rent reviews and lease renewals) Work together with your team-assistant colleague for converting these commercial terms into contractual leases
• Be in direct contact with occupiers to understand their business requirements and focus on customer engagement
• Track and assess the risk criteria for each asset, spot red flags and inform the management team of any warning signals that could indicate risk, including health & safety, insurances, payment behaviour/ insolvency, technical maintenance, liquidity, releasing risk
• Collaborate with the Construction and Project Management team to make sure major capex items and (re)development run to plan
• Challenge and make recommendations for the annual budgets (lease, capex and opex assumptions) for each asset as part of the overall business plan for the region, including refurbishments, extensions and redevelopment. Integrate remodelling, redevelopments, and extensions into the business plan. You will work with the development and finance teams to control and monitor this as part of the business plan
• Carry out financial analysis and assist with preparing property budgets and reports, and underwrite all asset management reports
• With your colleagues, build and maintain warm and productive direct relationships with occupiers, and local/ national advisors. Your work will ensure we are top of mind as a preferred business partner
• Be part of a motivated and effective team, who actively contributes to build positive engagement and drive team performance. Be an ambassador for Mileway’s core values and passion for results.