Portfolio Manager - Cape Town, South Africa - Ability Recruitment

Ability Recruitment

Verified Company

Cape Town, South Africa

2 weeks ago

Posted by:

Thabo Mthembu

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Description

Job Information:

Industry

Real Estate/Property Management
Work Experience

5+ years
Currency

ZAR
City

Cape Town
Province

Western Cape
Country

South Africa
Postal Code

7100

Responsible for developing and maintaining Company owned retail buildings in Cape Town and provide long term profitable, sustainable growth and maximise return of these assets.

Budgets:

Prepare financial strategies, formulate business plans, monitor, and control income and expenditure according to business objectives.
Formulate annual budget, calculate trading densities, ratio analysis, negotiate contractor's fees and adhere to all agreed to KPIs.
Maximise income return by ensuring the centre and exhibition courts are as far as possible always fully leased at market rentals as approved by Asset Management.
Maximise income ratio in conjunction with operations/facilities manager and national facilities manager to ensure effective utility recoveries and keeping expenses and contract cost in line with market as guided by procurement.
Duties:
Lease negotiations with tenants, prepare leasing proposals, finalise the heads of agreement and lease agreement with tenant.
Negotiate lease clause amendments adhering to levels of authority when needed to get the standard lease agreement signed.
Source new tenants for centre that will complement the tenant mix.
Tenant retention and preparing leasing strategies in consultation with the Senior Portfolio manager.
All functions related to debtor management including supervision of collection of rental and collection of arrear rental, negotiations regarding financial arrangements with tenants and liaison with attorneys when required.
Responsible for the development of Marketing strategies in conjunction with Marketing professionals.
Ensure accuracy of all financials and management reporting.
Other responsibilities will involve but not be limited to the management of external contractors, appropriate relationship building with tenants, staff management and implementation of preventative maintenance plan.
Ensure effective leasing audit info goes to utility company on a weekly and monthly basis and are updated to maximise utility recoveries.