Development Manager / Senior Development Manager - Trojena

Competitive Salary

UK / Greater London

Real Estate, Asset & Property Management

Permanent

Job Description

REF: 16872
Posted: 21 April 2022
Closes: 19 May 2022

Relocation Opportunity - Middle East

About the role

On behalf of our client, The Management Recruitment Group have been retained exclusively to source multiple candidates to the post of Development Manager and Senior Development Manager for a large project based in the Middle East. This role will be responsible for leading the performance management of Real Estate Development from project inception to delivery and handover, of a Phase or Key Asset.

Background

Our client is at the very start of a five-year program with a multi-billion dollar portfolio of projects. We are currently sourcing for their newest scheme, a project consisting of residential, leisure, hospitality, and world-class urban realm. Our client has identified the need to hire multiple individuals at a similar level, each to take on a separate phase or asset.

With some projects started and others still requiring funding and business case preparation, this is a multi-faceted role requiring a full range of skills and capabilities. The focus on expertise will be around infrastructure, leisure, commercial, residential (luxury mansions), and hospitality projects.

Key Accountabilities

You will be responsible for:

  • Managing development activities and providing oversight and advice for the organization’s real estate projects across the region.
  • Managing the preparation of development and operational business plans (including market research, due diligence reports, financial analysis, investment strategy, anchors strategy, pricing, sale and lease strategy, risk register, and exit strategy) of relevant real estate projects.
  • Working with a team to produce consolidated progress reports, showing a clear picture of the progression of the works within the residential and commercial real estate portfolio, and highlighting all critical issues.
  • Executing the delivery strategy of the development, coordinating with and integrating the input from other support functions including technical, legal, finance, market research, sales, and marketing and operation to deliver the project development plan.
  • Providing regular updates to the Director of Real Estate Development of the performance of the real estate portfolio based on the market research reports market drivers and trends, statistics, demographic analysis, absorption analysis, and competitive set analysis, scenario analysis, the market competitiveness, and supply and demand drivers, risks and approved feasibility hurdle rates.
  • Managing the preparation and regular review of the project-specific development and design briefs to ensure its alignment with the project business objectives.
  • Establishing, updating, and regularly reporting on the consolidated risk register and mitigation measures.
  • Managing, organizing, and coordinating all development disciplines with the objective of harmonizing the diversified functions to deliver completed projects in accordance with the objectives established in the approved business plan.

You will need to be

As an experienced Real Estate Development Manager or Senior Manager, you will have a strong background and track record in the delivery of large-scale urban development, Masterplanning, and full lifecycle delivery. You will have ideally have worked as Development Manager supporting a Development Director on multi-million dollar portfolios of development projects, having held Manager and Senior Manager roles previously, and demonstrated experience in commercial and financial elements of JV structures including procurement, and the ‘front end’ delivery of design, development and asset management.

Background, Skills, and Qualifications

  1. Bachelor’s Degree in engineering, Construction Economics, Real Estate, Finance, Business Administration, or comparable/similar appropriate qualification.
  2. Minimum of 5 years of development management experience on major real estate development projects, with top reputable Developers.
  3. Experience in the MENA property sector is highly desirable, though not essential, working for a top-tier Real Estate Developer.
  4. Proven expertise in office real estate development management, program management, financial analysis, property appraisals, business analysis, financial modeling & real estate market dynamics.
  5. Substantial experience managing the real estate development process, from project initiation, acquisition, to project structuring, design, construction, commission, and operation.

In return

In return, you will be able to have direct oversight and responsibility for one of the world’s most exciting projects. You will be offered a generous compensation package, which will include a guaranteed high basic, bonus, pension, a sign-on bonus, and relocation. Living costs will be covered and you will be based in a full-service compound.

What to do now

For a confidential discussion, please contact Matthew Donovan (Matthew.Donovan@mrgpeople.co.uk) of The Management Recruitment Group on +447964 465 343. Applications should consist of a CV and a relevant project list.

Campaign Timeline

Applications are open until the role is filled. As there are multiple positions to fill, we will be holding weekly shortlisting meetings with our clients until all posts are recruited.