Development Manager - Residential

Grosvenor Group; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

A leading residential property firm in Greater London seeks a Development Manager to oversee the development management process for their residential portfolio. This position involves managing projects that enhance properties in Prime Central London, ensuring financial viability and compliance with health and safety standards. The ideal candidate will have demonstrated experience in high-end residential projects, strong financial appraisal skills, and an ability to collaborate with various stakeholders effectively. A hybrid working model is offered.

Qualifications

• Experience delivering high-end residential units in Prime Central London.
• Fluency in running development appraisals and understanding project performance.
• Ability to communicate compelling business recommendations.

Responsibilities

• Lead development appraisals for financial viability.
• Manage architects and designers to ensure high-quality outcomes.
• Build relationships with planning advisors and contractors.

Skills

Development project management

Financial appraisal

Business recommendations

Residential market knowledge

Creative problem solving

Clear communication

Design and construction knowledge

Team player

Job description

Grosvenor owns a £1.3bn residential portfolio located in Mayfair and Belgravia. The strategy for the portfolio is to improve its overall quality to ensure it is consistently market-leading and commanding premium rents. Accordingly, we have a £50m allocation to upgrade our existing residential rental portfolio, together with a plan to re-develop unmodernised residential properties prior to sale. This role is required to lead the development management process for both activities.

Reporting to the Residential Director, the role involves a breadth of core development management activity, from initial briefing, analysis and approval through to development, construction and leasing/sale. The re-development activity will vary in size and scale, from £250k spend up to £5 million. These projects will range from upgrading smaller flats or houses (either for sale or for rent), to larger more complex schemes, including converting properties to be used as serviced apartments. This role will work collaboratively with the London Estate Investment, Asset Management and Project Management teams as well as finance, sustainability and the wider residential team.

Key Responsibilities

• Running development appraisals to underwrite development project returns, ensuring that projects deliver and exceed required financial and environmental targets
• Writing compelling business recommendations, approval papers and outturn reports in respect of projects
• Appointing and managing architects and interior designers, creating and managing an in-house design specification to ensure the outturn product is of a high-quality fitting for the location and end-customer requirements
• Build strong and collaborative external relationships with professional teams including planning advisors, contractors, design consultants, lawyers, and agents if required
• Liaise closely with external stakeholders including the planning authority, the community and other influencers to enhancing the success of each project, acting throughout as a compelling advocate for Grosvenor
• Work collaboratively with the project management, finance, operations and residential leasing teams throughout the design, procurement and delivery phase to ensure an optimised outcome for each project
• For all phases of the development, take a day-to-day lead on scheme viability and forecast financial returns, pushing for constant improvement in overall commercial outcomes (in the context of evolving market conditions)
• Take the lead in ensuring that all projects fulfil Grosvenor’s Health and Safety requirements

Key Requirements

• Demonstrated experience in a similar role delivering high-end residential units for rental or sale in Prime Central London
• Financial appraisal capability – fluent with running development appraisals and understanding the key drivers of development and project performance
• Business Recommendations – ability to communicate, both in writing and verbally, compelling and concise business recommendations for a variety of internal audiences
• Residential Market knowledge – experience within the Prime Central London residential market and heritage/listed buildings is preferred, together with a genuine interest in market trends and dynamics.
• Excellent network of industry contacts and relationships
• Creative thinking and problem solving - an aptitude for creative problem solving and entrepreneurial thinking in a fast-paced environment, over multiple projects and initiatives
• Clear and positive communicator, with the ability to be flexible but focused, to negotiate with empathy and to communicate with a broad range of professional and community stakeholders
• Good working knowledge of design and construction techniques and experience of all stages of the development lifecycle
• Personal Qualities - a strong team player is essential with a passion for Grosvenor’s London Estate and the residential sector. Financially and commercially aware, with a creative flair, and the ability to listen, learn, communicate and influence

We know flexibility is important and take a hybrid approach to working, please contact us for further details.

Grosvenor is proud to be a Disability Confident Committed employer. If you would like to speak with us for more detail, please contact [e-mail]

We want you to have every opportunity to show us your strengths. There are adjustments available for our process, please contact us on [e-mail] to discuss.

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