Principal - Development Manager

Michael Page; Greater London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A global investment firm is seeking a Principal - Development Manager to lead high-value real estate development projects across Europe. Responsibilities include managing the end-to-end development lifecycle, conducting appraisals, and ensuring compliance with local regulations. The ideal candidate will have a proven track record in delivering significant projects within private equity environments. This role offers a competitive salary, a comprehensive benefits package, and a robust bonus structure.

Benefits

Competitive salary

Full benefits package

Good bonus structure

Qualifications

• Track record in delivering high-profile real estate projects as a Development Manager.
• Currently operating client-side, ideally within private equity or investment management.
• Experience in delivering complex developments across European markets.

Responsibilities

• Lead the full development process for high-profile projects across European markets.
• Conduct appraisals, feasibility studies, and due diligence on new opportunities.
• Manage planning, design, and delivery phases for compliance with regulations.

Skills

Commercial acumen

Stakeholder management

Negotiation skills

Job description

We are seeking a Principal - Development Manager to join a global private equity real estate fund that focuses on opportunistic real estate and platform building strategies. This role requires expertise in managing the development life cycle of a real estate asset and a track record in successfully delivering projects across Europe.

Client Details

We are working with a global private equity investment platform that is delivering ambitious real estate opportunities across Europe. This is a unique chance to join their development team and lead high-value, multi-asset schemes‑including hospitality, prime residential, office, and mixed‑use developments‑with GDVs ranging from 100M to several hundred million.

Description

As Principal - Development Manager you will be responsible for the end‑to‑end development lifecycle, from appraisal and due diligence through planning, design, and delivery. You will work across multiple jurisdictions, managing complex stakeholder relationships and ensuring projects meet the highest standards of quality, profitability, and timely execution.

• Lead the full development process for high profile projects across European markets.
• Conduct appraisals, feasibility studies, and due diligence on new opportunities, including special situations investments.
• Manage planning, design, and delivery phases, ensuring compliance with local regulations and investor requirements.
• Oversee budgets, timelines, and risk management for projects with GDVs of 100M+.
• Coordinate with internal investment teams and external consultants, contractors, and advisors.
• Navigate complex counterparties and contractual negotiations in multiple jurisdictions.
• Drive value creation through strategic design, procurement, and delivery solutions.

Profile

A successful Principal - Development Manager should have:

• Track record in successfully delivering high profile Real Estate projects as a Development Manager.
• Currently operating client‑side, ideally within a private equity or investment management environment, and experienced in delivering complex developments across European markets.
• Ideally previously managed special situations projects, including distressed or transitional assets.
• Strong commercial acumen with ability to manage budgets, contracts, and risk.
• Excellent stakeholder management and negotiation skills.
• Comfortable working in a fast‑paced, entrepreneurial environment with exposure to multi‑strategy investment structures.

Job Offer

A competitive salary, full benefits package and very good bonus structure.