Property Manager

Reed Specialist Recruitment; London; Hybrid; GBP 50,000 - 52,000; Full time

Job summary

A leading flexible workspace provider in central London is seeking an experienced Property Manager to manage and expand their premium property portfolio. The role involves lease management, financial oversight, and project delivery, requiring a deep understanding of the serviced office sector. The successful candidate will oversee property performance, manage lease events, and support property acquisitions, all while working in a dynamic environment that offers a competitive salary and bonuses.

Benefits

Annual Bonus

Pension

Flexible Working

Qualifications

• Minimum 3+ years' experience in property/asset management within commercial real estate.
• Strong understanding of the flexible workspace, serviced, or managed office sector.

Responsibilities

• Oversee the ongoing performance and compliance of the company's leasehold property portfolio.
• Manage all lease events including rent reviews, break options, lease renewals, and dilapidations.
• Support the identification and assessment of new properties suitable for their managed office model.

Skills

Property Management

Financial Reporting

Lease Negotiation

Project Management

Communication

Job description

My client a flexible workspace provider is seeking an experienced Property Manager to manage and expand the clients premium fully managed property portfolio in central London.

They currently have 20 properties in central London (Victoria, Covent Garden, and the City) and want someone on board who can help expand this to 100 within the next 2 years.

Summary - This position requires an experienced candidate that can provide lease management, expansion support, fit-out delivery, financial oversight, and asset performance.

The successful postholder will have a deep understanding of the serviced and managed office industry and be confident navigating lease negotiations, property acquisitions, and construction project management.

Experienced in rent reviews, lease management, landlord negotiation's, break reviews, service charges and budget reporting

This is a senior-level role suited to a commercially astute professional with experience across property and asset management, landlord negotiations, and fit-out delivery.

Key Responsibilities

Property & Lease Management

• Oversee the ongoing performance and compliance of the company's leasehold property portfolio.
• Manage all lease events including rent reviews, break options, lease renewals, and dilapidations.
• Liaise with landlords, legal teams, surveyors, and consultants to protect and maximise their commercial interests.
• Maintain accurate records of lease obligations, service charges, and building compliance.

Expansion & Acquisition Support

• Support the identification and assessment of new properties suitable for their managed office model.
• Assist in lease negotiations, heads of terms, and commercial due diligence.
• Conduct site inspections, feasibility reports, and operational impact assessments.
• Work closely with agents, landlords, and legal advisors to secure new locations.

Fit-Out & Project Delivery

• Manage the delivery of CAT A to CAT B fit-outs, refurbishments, and capital improvement works.
• Appoint and oversee contractors, project managers, designers, and consultants.
• Ensure all projects are delivered on time, to budget, and in line with their design standards.
• Lead post-completion snagging, certifications, and transition to operations.

Financial Reporting & Budgeting

• Prepare and manage annual budgets for property operations and capital works.
• Oversee service charge reconciliations and property-related cost reporting.
• Provide monthly reporting on property performance, lease events, and capital expenditure.
• Identify opportunities to optimise costs and enhance building efficiency.

Key Requirements

• Minimum 3+ years' experience in property/asset management within commercial real estate.
• Strong understanding of the flexible workspace, serviced, or managed office sector.
• Proven track record managing commercial leasehold property portfolios in Central London.
• Experience in property acquisition, lease negotiation, and office fit-out project delivery.
• Excellent knowledge of commercial leasing, landlord & tenant legislation, and property compliance.
• Financially literate with experience in budgeting, reporting, and cost control.
• Skilled communicator, commercially minded, and able to operate autonomously in a fast-paced environment.

Working 40 hours per week - 4 days in the office (City location) and 1 from home

Salary 50 - 52k + commission (1% of rentals) + annual bonus guaranteed ( 2'500 - 10'000)

Annual leave

Pension