Real Estate Investment Associate

Intermediate Capital Group; City Of London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading private equity firm in London seeks a Real Estate Investment Associate to support various investment processes. Responsibilities include research, underwriting, deal execution, and portfolio management. The ideal candidate has 2-3 years' experience in a private equity or investment banking environment, strong analytical skills, and a hands-on attitude. Opportunities for significant professional growth are available as part of a dynamic team.

Benefits

Comprehensive wellbeing support

Inclusive workplace initiatives

Opportunities for professional growth

Qualifications

• Experience at a tier 1 private equity real estate fund or investment bank preferred.
• Ability to design and maintain underwriting models independently.
• Desire to work as part of a collaborative team.

Responsibilities

• Research new investment ideas and trends.
• Analyze new investment opportunities through financial modeling.
• Coordinate transaction execution workstreams.
• Support asset management activities for existing investments.

Skills

Quantitative and qualitative analytical skills

Knowledge of Microsoft Excel

Knowledge of Microsoft PowerPoint

Working knowledge of real estate fundamentals

Education

2-3 years’ experience in private equity or investment banking

Job description

Overview

Job Title: Real Estate Investment Associate

Contract Type: Permanent, full-time

Location: London, St Pauls

Department: Real Estate Investment

ICG Real Estate manages funds and other investment vehicles with aggregate commitments of over $8.0bn across Real Estate debt and equity strategies. The real estate team is comprised of 42 investment professionals based in London and Paris.

You will join ICG Real Estate’s Metropolitan team, a small, highly entrepreneurial and driven Private Equity team within ICG Real Estate. The team has substantial capital to invest in value-add and opportunistic pan-European transactions and has the ambition to become the leading real estate player in the upper-mid market over the next 5 years with the support of the ICG global platform.

Initiated in 2021, ICG Real Estate’s Metropolitan team has to date focused on the Logistics & Industrial sector and created Axel Logistics, a leading pan-European logistics platform. The successful candidate will initially support Metropolitan’s investments to further grow the Axel Logistics platform but is also expected to support the team’s expansion into other sectors.

Leveraging ICG’s corporate and structuring DNA, the investment profile targets 1) corporate and platform investments and 2) special situations / structured equity transactions in the European mid-market space and aims to deliver returns in excess of 15% IRR.

This is an exciting opportunity for a talented individual to join a fast-growing business with a hands-on approach and to contribute to all facets of the investment and capital raising process. The candidate will have a “cradle-to-grave” approach to deals and will participate in all aspects of a transaction from origination, through asset management to sale. The candidate will have significant professional growth opportunities benefiting from a flat organisational structure and extensive exposure to the senior members of the real estate team.

The role is London-based with frequent international travel expected.

As part of the wider ICG Real Estate Equity team, the successful candidate will further have access to deploying funds raised under ICG Real Estate’s Strategic Real Estate programme, a leading European investor in the NNN lease space with a focus on Logistics, Grocery and Leisure investments.

Primary Responsibilities

The responsibilities of the role include (but are not limited to) supporting the senior team members in:

• Origination:
  • Researching new investment ideas and strategies.
  • Researching investment trends and markets.
  • Building and maintaining relationships with market participants.
• Underwriting:
  • Analysing new investment opportunities, including financial modelling, scenario analysis, market research, comparable analysis, and qualitative and quantitative assessments.
  • Contributing to the production of investment recommendations and other internal documents.
  • Presenting in investment committee meetings.
• Deal Execution:
  • Coordinate transaction execution workstreams.
  • Structuring investments with external advisors and internal stakeholders.
  • Managing the due diligence process and working with external advisors.
  • Negotiating and reviewing legal documents and communicating with relevant internal stakeholders.
  • Negotiating joint venture documents with operating partners.
  • Completing debt financing arrangements.
• Portfolio Management:
  • Supporting asset management activities relating to existing investments.
  • On-going monitoring of the real estate portfolio and responsibility for producing analysis and recommendations relevant for strategic decision making.
  • Evaluating potential exit alternatives and changes of strategy.

Key Requirements/Qualifications

• 2-3 years’ experience gained at a tier 1 private equity real estate fund or investment bank, preferred.
• Quantitative and qualitative analytical skills.
• Knowledge of Microsoft Excel and PowerPoint allowing you to independently design, create, audit and maintain underwriting models and present the analysis output clearly and concisely.
• Working knowledge of real estate fundamentals.
• Able to work in a fast-paced environment in a growing business with the ability to manage conflicting priorities and requests.
• A desire to work as part of a collaborative, highly driven entrepreneurial team.
• Ability to work collaboratively / constructively with partners and external stakeholders.
• Highly motivated with a strong work ethic, hands-on attitude and a desire to learn.
• Willingness to travel frequently across Europe.

Our Global Benefits Framework is centred around these 3 key attributes:

• Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.
• Inclusivity – Fit for purpose and competitive, no matter who or where you are.
• Longevity – Long Term and sustainable in design.

Inclusion is one of ICG’s key values and we are committed to creating an equitable and inclusive workplace for everyone. By welcoming different perspectives, we strengthen ICG’s performance, enrich decision-making and contribute to better outcomes for our clients, colleagues, and the markets we serve. Accordingly, our recruitment processes provide equal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion, or any other characteristic protected by local law.

We are equally committed to delivering an inclusive and accessible candidate experience. If you require information in an alternative format, additional time for assessments, an adjusted interview schedule, or any other support during the recruitment process, please let us know.