up to £150,000/annum benefits and strong package
Development Director required for an International Mixed Use developer in Central London.
We are working on behalf of one of the worlds largest developers to source a market leading Development Director who has experience of taking a project from the initial planning stage, through design, appointment of professional teams, contractors and through to completion. The site has outline planning for a multi story residential lead, mixed use development in Zone 2 with extensive improvements set to be made to the surrounding areas.
Development Director requirements
As project leader you will manage the identification, appraisal and cost effective delivery of
- Strategic land master planning;
- Major mixed use developments;
- Building reconfigurations and refurbishment schemes.
- Residential and Commercial developments;
The opportunities are wide ranging and include direct developments, joint ventures and funding/ forward purchase agreements across the UK market.
The Development Director shall seek out opportunities to add value to company assets through a range of different development initiatives, liaising other teams to ensure that all development projects form part of the asset plan. Undertake all necessary development appraisals/viability studies forming appropriate recommendations on the options available and the risk/reward implications involved. Ensure all necessary approvals are in place before committing fee expenditure, diligently managing clients monies expended during the ‘work up’ of projects within agreed authority limits.
•Where appropriate lead and undertake active asset management of assets for redevelopment including surrender negotiations.
•Co-ordinate all types of strategic planning activities, conducting dialogue with statutory consultees and all other types of potential stakeholder.
•Effectively establish, manage and maintain positive working relationships with key stakeholders both internally and externally to achieve the goals.
•Prepare and negotiate planning applications, planning appeals (where necessary) and any associated planning agreements.
•Working with management team, select, appoint, brief and manage the activities of a professional team of consultants.
•Conduct defensive planning activities (leading lawyers and other relevant consultants), where a planning application by another developer is perceived to threaten the viability/vitality of a fund’s existing asset.
•Work with consultants and asset team colleagues to co-ordinate PR strategy and key messaging and stakeholder engagement.
•Negotiate and secure various forms of agreement with neighbouring owners to enable development to commence (Party walls, Rights of Light.)
•In conjunction with Strategic Project Managers, prepare the project brief and take strategic responsibility for the design development of the project, within authorised budgets.
•With advice from the professional team and Strategic Project Managers, agree sign off of the design/specification of schemes, in accordance with the development budgets and programme.
•In conjunction with Strategic Project Managers, recommend an appropriate procurement strategy to suit the requirements of the project involved.
•In relation to all pre-lets, co-ordinate and lead tenant negotiations, working closely with asset management colleagues and the external agency team.
•Work with consultants to co-ordinate marketing strategy and action plans, maintaining close dialogue with asset team colleagues.
•Negotiate, set up and administer various forms of development agreements involving third parties (including joint ventures and forward funding agreements etc) maintaining appropriate reporting lines.
•Liaise as necessary, with internal colleagues in Strategic Project Managers, Transaction Managers, Finance Managers, Tax Managers and lawyers etc. in respect of all relevant matters relating to the project.
•Report regularly on progress of projects and on completion, prepare and submit a final completion report summarising the performance achieved In relation to the original forecasts/approvals.
•Where required, liaise with property management and on site facilities teams throughout the project.
•Provide support to the asset management team with the formulation and dissemination of policy for development and refurbishment projects.
The Development Director must have:
•MRICS or equivalent alternative professional qualification, with significant post qualification experience and demonstrable track-record of mixed use development across in and out of town retail, leisure and residential, acting as a project leader.
•Demonstrate senior level experience of management of people and broad commercial real estate experience.
•Commercially astute, strong numerical ability and a systematic approach to risk/reward assessment and risk mitigation. Excellent analytical and problem solving skills.
•Experience of dealing with all types of stakeholder in the development process (planning authorities, statutory bodies, JV partners.).
•A thorough understanding of how to document complex property transactions, liaising with lawyers and other senior consultants.
•Competent user of specialist software used in the financial assessment of development projects and more general business applications.
•The role will require sensitive and collaborative leadership working closely with a successful team of investment and asset managers
•Excellent planning and organisational skills and the ability to work as part of a team with minimum supervision. Flexible mind-set and adaptable to change.
•Confident persona with excellent verbal and written communication/presentation skills and an appetite for taking on a challenging workload and a high level of responsibility.
•Proven leadership, decision making and motivational skills and demonstrable inspirational and forward/creative thinking.
The ideal candidate will have experience working for a client side developer and taking full control of a project. The Development Director shall be responsible for appointing development and project management consultancy professionals and leading architects, networking and personal contacts - particularly with retail agents and decision-makers within retail occupiers - would be advantageous