Portfolio Manager – UK Real Estate
Leeds City Centre/Hybrid Working
Competitive Salary
Border to Coast is looking for a Portfolio Manager to assist and support the Head of Real Estate and team with the management of UK real estate portfolios, in accordance with the Border to Coast investment policy, investment process, procedures and relevant legal or regulatory documentation.
Border to Coast has launched 2 Global Real Estate Funds and are now in the process of designing for launch two UK Real Estate funds. These funds will invest in both direct UK real estate properties and UK real estate funds. The role focus is for candidates who have practiced, professional experience in UK Real Estate Investment and Asset Management, looking to progress their career and experience of UK Real Estate fund and asset management of both direct and indirect UK asset types. The successful candidate will be involved in the development and management of the UK fund propositions with focus on asset transition, service provider onboarding and thereafter oversight and management of service provider delivery to mandate requirements for the new UK real estate funds from the commencement in role.
You will support the Head of Real Estate to set and review the necessary investment asset management parameters to meet the investment objectives of the UK real estate funds, working in concert with external advisers, as necessary. You will provide support in the following key areas: –
- Service Provider onboarding, asset transition planning and execution and asset management of direct UK real estate investments.
- Review of suitable investment opportunities and support the Head of Real Estate in making investments, working with Investment, legal, valuation and other advisers to ensure appropriate and robust pre-trade due diligence.
- Preparation of detailed asset and portfolio analysis utilising industry standard applications, research to support investment making decisions and preparation of Investment Committee papers,
- Responsible for ongoing asset management, oversight of effective execution of asset management plans and portfolio review of the performance, attribution, exposure, and risk metrics of the fund/portfolio, and work with the Operations team to produce appropriate client reporting, covering returns, risk and ESG factors.
We are looking for an individual with no less than 5 years post professional qualification working experience who is educated to degree level in a real estate, finance or similar and holds a current real estate and/or investment management qualification (RICS/IMC/CFA/MBA). Your professional background will be investment and asset managements in a real estate consultancy, private equity, or institutional environment with relevant recent and broad UK market exposure. The candidate should also exhibit relevant working experience of UK real estate investment, asset management, Landlord & Tenant and valuation due diligence and working familiarity with systems such as Argus Enterprise, Horizon, Yardi, HighQ etc and a keen interest and working understanding of the UK Real Estate investment market and a commitment to responsible investment and sustainability.
Strong written and verbal, communication and presentation skills, and real estate financial & valuation system capability are prerequisites we seek and you will have the ability to read, understand and analyse investment and legal documents for Fund investing and be able to distil a wide range of often conflicting information in a concise and cohesive manner. As with all roles at Border to Coast you will be required to comply with FCA Conduct Rules.
Based in Leeds, Border to Coast Pensions Partnership is an asset manager owned by 11 Local Government Pension Funds with total assets of approx. £55 billion. It is FCA regulated, managing assets (equities, fixed income, alternatives and soon, real estate) through internal and external management. Border to Coast was established in mid-2018.
To find out more about this opportunity, please get in touch with Boarder to Coast’s recruitment partner, MRG.
Christopher Mackenzie
Christopher.mackenzie@mrgglobal.com
07715 114 960
Matthew Evans
Matthew.evans@mrgglobal.com
07854 865017
Border to Coast and MRG are committed to creating a diverse and inclusive workplace. Promoting equality of opportunity for all, through diversity, giving everyone the chance to achieve their potential, free from prejudice and discrimination. To that end, all shortlists will be presented anonymously with no references to nationality, age, or gender. We particularly welcome applications from minority candidates as they are underrepresented within the industry at this level.
Application closing date is 9th February 2024.
