# LI-DNI
Employment Type - 12 Month Fixed Term Contract
Team Overview
LaSalles Assets under Management cover the full spectrum of Core to Value-Add investments. The Continental European Asset Management team (excluding France) is currently composed of 10 Asset Managers based in 3 locations: Munich (5), Amsterdam (3) and Madrid (2). As of July 2024 Assets under Management are approximately 3.7 billion located in 9 different countries. The team forms part of LaSalles Continental European business working notably on several cross-border initiatives.
Role and Accountabilities
The Asset Manager will drive the investment performance of a property portfolio (logistic office retail (high street)) thus assisting the Fund Management teams achieve their strategic plans for the portfolio. The Asset Manager will work alongside Fund Management and Investment Management and as a team will be responsible for managing value-add and value protection for their portfolio and for delivering optimal asset performance. The successful candidate will also have a full understanding of their client mandates. Working with the Portfolio Manager and other internal resources the Asset Manager will have the following core accountabilities:
Strategic Planning
Develop and recommend hold/sell strategy for each asset and update annually together with Portfolio Management
Develop annual property business budget.
Acquisitions and Disposals
Use contacts to source potential investment acquisitions
Support acquisitions by giving feedback on local markets and underpinning rent- and CAPEX‑assumptions.
Assist with due diligence on acquisitions
Assist Portfolio/Acquisition Manager in presentation of acquisitions and purchases to Investment Committee
Ensure insurance cover is placed on exchange or completion of purchase
Check and approve final due diligence acquisition report
Initiate property sales via selected agent consistent with conclusions of hold/sell business plan assessment (supported by acquisition manager).
Manage sale process with agent lawyer and property manager (supported by acquisition manager).
Capital and Revenue Improvement Planning
Determine what capital projects and leasing strategies are needed to :
Sustain or protect value
Reposition asset to increase value
Develop and execute works via appointment of suitable project team
Implement lease surrenders, regears, renewals, rent reviews and tenant mix improvements
Identify and implement planning and change of use opportunities.
Valuations and Performance Measurement
Supply base property information to Fund valuer.
Management of Property Manager
Regularly attend review meetings with the property manager
Monitor their performance against KPIs
Tracking and monitoring of rent arrears
Monitor data‑base records fully understand the property records database.
Management of Letting and Strategic Agents
Develop relationships with main tenants
Leasing renewing leases, reviewing leases, dealing with planning aspects, remodeling, extending and reconfiguring space, marketing and progressing asset management initiatives on a broad portfolio across all funds
Establish letting strategy and objectives and update regularly as required to reflect business plan and changes in the market.
Define expectations regarding provision of market information (e.g. trends, rental values, competing properties etc)
Monitor and action critical lease events (rent reviews, expiries, breaks).
Finance and Accounting
Review property rent and service charge collection
Approve irrecoverable costs within discretionary levels set by house DA and client
Ensure adherence to internal and audit controls
Client Reporting and Communications
Give information to Portfolio Management in order to help them to prepare and deliver reports
Work with Portfolio Manager to implement a no‑surprises communication policy
Environmental and Sustainability
Deliver asset management initiatives in line with house sustainability policies
Critically assess asset performance and the positive/negative influences of environmental factors.
Required Qualifications & Experience
Minimum 3-5 years work experience;
Experience in Asset Management together with sound and thorough understanding of commercial asset management practice
Proven track record of delivering investment performance through asset management of relevant asset classes (office retail and logistic) especially with commercial leasing
Ideally experience in the acquisition and disposal of investment property including responsibility for the due diligence process
Demonstrable skill in identifying opportunities to add value
Strong numeracy, financial and computer skills
Adaptable team player with the ability to operate autonomously when needed in a high‑pressure environment.
Strong interpersonal skills with the ability to present to clients in both a verbal and written format
Ability to work collaboratively with internal teams including Fund Teams, analysts, finance, strategy and client services.
Willingness and motivation to work in an international team (across borders)
Willingness to travel
Strong communication skills
Fluent German and English.
LaSalle is an Equal Opportunity Employer and encourages applications from all sections of the community
This position may require you to be fully vaccinated against COVID-19. If required you’ll be asked to provide proof that you’re fully vaccinated upon your start date. You’re considered fully vaccinated two weeks after you receive the second dose of a two‑dose vaccine series (e.g. Pfizer or Moderna) or two weeks after a single‑dose vaccine (e.g. Johnson & Johnson / Janssen). Failure to provide proof of vaccination may result in termination.
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