3 Senior Commercial Development Manger
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| Job Type | Permanent |
| Location | London (Euston) & Birmingham (Snowhill) with Hybrid Working |
| Area | London, UKMidlands, UK |
| Sector | High Speed Rail |
| Salary | £70 - 85,000 + Pen (6:12%) + Health + 25 hols |
| Start Date | |
| Advertiser | Charlton Recruitment |
| Telephone | 07881022741 |
| Job Ref | HS20022 |
| Job Views | 153 |
- Description
- 3 Senior Commercial Development Managers -1 in Birmingham the other 2 in London are required to work within the Client Organisation responsible for the New High-Speed Rail project in the UK this is a multi-billion-pound high-speed railway to directly link the city centres of: London, Birmingham, Leeds and Manchester.
High Speed 2’s Commercial Development business is accountable for the identification and prioritised delivery of £5bn of property development and commercialisation opportunities in, above and around HS2 stations. This small department within HS2 is essentially a commercial property development company tasked at maximising and delivering cash back to HM Government – ‘maximise social and economic value and deliver timely commercial returns’.
The Senior Commercial Property Development Manager will take responsibility for managing anything from four development sites upwards. The role will encompass taking the sites from the current, early, master-planning stage through internal and external governance to revenue realisation facilitating in excess of two million square feet of commercial accommodation and in excess of 1,100 residential units.
One of the London roles will be work on the Euston Campus:
The Senior Commercial Development Manager will take responsibility for manging specific sites for the Commercial Development Directorate across the Euston campus, In discharging the Landowner Representative obligations, with a primary focus on works relating to Approaches. The role will encompass taking sites from the preparation stage through to revenue realisation, as well as other tasks necessary to maximise value. They may also take leadership responsibility for casework or certain deliverables, under the supervision of the Oversite Development (OSD) Delivery Director for Euston.
The successful candidate will be a market-oriented Surveyor or Town Planner with a commercial development background or high-density urban development experience with good market knowledge. Impeccable stakeholder management skills and best in class practices in relation to preparation of sites to take to market.
Working Situation – Hybrid
1 of the roles is Snowhill, Birmingham and 2 of the roles are London (Euston) coupled with flexible Hybrid working. Expectation to come to the office twice a week.
Senior Commercial Development Manager Salary
Birmingham (Snowhill) £70 – 75,000 + Pen (6:12) + Health + 25 hols (Mid- Point £71,160)
London (Euston) £78k – 85,000 + Pen (6:12) + Health + 25 hols (Mid- Point £80,760)
Duties & Responsibilities
- Oversee the development of site-specific property development plans (Manchester and manage day to day property development matters.
- Support the Head of Commercial Development to manage various contracts. Key tasks under this role will include, but are not limited to: -
- Support delivery of the Directorate’s business plans and annual budgets, producing cost, value and risk projections to inform them, and well-structured and reasoned financial analysis and board papers in support of measuring performance of the Directorates targets against the business plans, with support from the Finance Business Partners.
- Monitoring the implementation and delivery of the approved project business plans, comprising: administration of contracts; monitoring and securing internal approvals for the preparation of the development business plans and development of masterplan options; monitoring and securing internal approvals for the preparation of the outline planning applications; monitoring any draw-down conditions for development phases and obtaining the necessary internal approvals; and monitoring the construction and sale/letting of the completed development phases.
- Lead financial due diligence and appraisal analysis to identify individual projects and options to allow informed decision making, clearly differentiating those assets that are better to develop and/or dispose from those to hold/invest in for income.
- Undertake 3rd party supplier management and contractor management for specialist skillsets (e.g. architects, town planning, technical, commercial, legal and property valuation advisers)
- Interface regularly with key stakeholders, landowners, Department for Transport (DfT) & Network Rail (NR), to drive the development programme forward.
- Interface with town planning specialists and ensure delivery of appropriate planning applications and consents that are fit for purpose and aligned with the business plan and wider strategic plans.
- Prepare necessary plans, business cases and financial reports to support identification of suitable delivery mechanisms (e.g. disposals, revenue share and profit share mechanisms) to deliver approved property development projects.
- Where relevant, work closely with the appointed partners for schemes, ensuring delivery against defined contractual and business plan requirements.
- Take line management responsibility for the supervision, motivation and development of any support staff allocated to this role.
Role Criteria.
The successful candidates will be a market-oriented Surveyor or Town Planner ideally chartererd with a commercial development background having worked on high value, high density urban developments with good market knowledge. Impeccable stakeholder management skills and best in class practices in relation to preparation of sites to take to market.
You could be from a general practice, consultancy, background or could have worked for a development corporation or arm’s length management organisation such as Network Rail managing commercial development opportunities. With good knowledge of the property market in the relevant areas (depending on role location) – London, Birmingham, Manchester & Leeds
Skills:
- Financial and property project management skills to manage substantial project budgets and milestones, and oversee sensitivity testing, risk management, etc.
- Ability to develop and maintain a wide network of internal and external relationships, and act as ambassador for HS2 Ltd, and the Commercial Development Directorate where appropriate.
- Ability to work with and win the confidence of a multiple internal and external stakeholders, including the HS2 station delivery teams.
- Effective IT and financial appraisal skills encompassing both standard business desktop packages and property specific packages such as ‘Argus Developer’ and the preparation, and interrogation of development appraisals and discounted cash flows using Microsoft Excel.
- Effective presentation and communication skills
Knowledge:
- Surveyor (general practice) or Town Planner -MRICS or MRTPI professional qualification a benefit
- Knowledge of the wider commercial Development market ideally within the Manchester and or London region and best in class practices in relation to preparation of sites to take to market.
- Understanding of core property development concepts and delivery techniques, inter alia; town planning, property law (development agreements, building agreements, investment leases, planning and GDV overage deeds) construction and engineering principles, procurement, project management etc.
- Knowledge of core property valuation and development appraisal techniques and able to undertake robust evaluations, financial modelling and risk evaluation studies.
- Monitoring and managing live project development accounts.
- Commercial legal knowledge to instruct solicitors in relation to disposals, structuring joint ventures, development agreements, timely and correct service of notices, leases, sub-letting, assignments, acquisitions, etc
- Knowledge of Town Planning issues and requirements.
Type of Experience
- Experience of developing rapport and influencing across a range of stakeholders.
- Experience of overcoming constraints and multi-disciplinary organisational complexity in order to deliver results.
- Experience in supporting procurement and implementation of development agreements & variations, lease and building agreements, effective contract management and budget management experience, including risk management and continuous focus on business direction.
- Experience of reporting, presenting information and gaining formal approvals at senior management level.
- Experience of negotiating and delivering property development projects and transactions from inception to completion without day-to-day supervision.
