Director, Property Asset Value Enhancement

Michael Page; Hong Kong; In loco; HKD 1.500.000 - 2.500.000; Tempo pieno

Vantaggi offerti da questo lavoro

Attractive bonus

Full medical covered

Friendly working culture

Descrizione del lavoro

Michael Page Hong Kong is partnering with a leading property developer to recruit a senior asset management leader. You will oversee asset enhancement, strategic capital planning, and performance management across student accommodation and retail assets, driving value through repositioning, refurbishment, and tenant mix optimization.

Reporting to senior management, you will coordinate cross-functional teams in leasing, operations, finance, and legal, manage budgets, and deliver comprehensive

Competenze

• Bachelor's degree or above in Real Estate or related discipline.
• Minimum 15 years of asset management / CRE experience.
• Experience in asset enhancement, property repositioning, leasing improvement.
• Experience with student accommodation, malls, mixed-use developments preferred.
• Strong knowledge of investment principles, asset management, capital expenditure.

Mansioni

• Develop and execute asset enhancement strategies for student housing and retail assets.
• Lead asset plans, operating budgets, capex, and performance targets.
• Monitor portfolio performance: occupancy, rental, costs, ROI.
• Identify underperforming assets and propose turnarounds.
• Oversee projects from planning to completion within budget.
• Collaborate with management, leasing, finance, and operations teams.
• Prepare asset performance reports and business proposals.

Conoscenze

Asset management

Financial modelling

Leasing strategies

Stakeholder management

Project management

Market research

Formazione

Bachelor's degree or above in Real Estate, Property Management, Business Administration, Finance, Investment, Surveying, Marketing, or a related discipline

Descrizione del lavoro

• Attractive Salary
• Stable long term career

About Our Client

Our client is a leading property developer with investments across a diverse portfolio of properties.

Job Description

• Develop and execute asset enhancement strategies for a portfolio of student accommodation and retail properties, with the objective of improving asset positioning, operating performance, investment returns, and long-term capital value.
• Conduct comprehensive reviews of individual assets and formulate business plans covering property repositioning, refurbishment, change of use, tenant-mix enhancement, operational improvement, and other value-creation initiatives.
• Lead the preparation and implementation of annual asset plans, operating budgets, capital expenditure plans, and performance targets, ensuring alignment with the company's investment objectives.
• Monitor the financial and operational performance of the portfolio, including revenue, net operating income, occupancy, rental performance, operating costs, tenant sales, footfall, rental collection, and return on investment.
• Identify under‑performing assets and recommend practical turnaround strategies to improve income, occupancy, operational efficiency, and market competitiveness.
• Evaluate proposed asset enhancement initiatives through market research, financial modelling, feasibility studies, cost‑benefit analysis, and investment return assessments.
• Lead asset enhancement, refurbishment, renovation, and repositioning projects from the planning and feasibility stages through to execution and completion, ensuring projects are delivered within the approved budget and timeline.
• Work closely with project management, design, leasing, operations, marketing, property management, finance, and legal teams to ensure the successful implementation of asset strategies.
• Oversee the performance of student accommodation assets, including occupancy, rental rates, resident experience, operating efficiency, ancillary income, and overall competitiveness.
• Develop leasing and commercial strategies for retail assets, including trade‑mix optimisations, tenant replacement, lease renewal, rental reversion, vacancy reduction, and the introduction of suitable brands and concepts.
• Collaborate with the marketing and operations teams to develop customer engagement, membership, event, branding, and promotional strategies that increase footfall, tenant sales, and customer loyalty.
• Review property management standards and operating procedures to identify opportunities for cost optimisation, service enhancement, digitalisation, and improved customer or resident experience.
• Manage project budgets, operating costs, and resource allocation, while maintaining effective cost control and maximising the financial performance of each asset.
• Prepare regular asset performance reports, financial analyses, business proposals, and recommendations for senior management and relevant investment committees.
• Maintain a strong understanding of market trends, competitor performance, consumer behaviour, student accommodation demand, and emerging retail concepts to support strategic decision-making.
• Build and maintain effective relationships with tenants, operators, consultants, contractors, government authorities, business partners, and other key stakeholders.

The Successful Applicant

• Bachelor's degree or above in Real Estate, Property Management, Business Administration, Finance, Investment, Surveying, Marketing, or a related discipline. Relevant professional or postgraduate qualifications would be an advantage.
• Minimum 15 years of relevant experience in asset management, commercial real estate, property investment, retail portfolio management, student accommodation, or mixed‑use developments.
• Demonstrated experience in asset enhancement, property repositioning, refurbishment, leasing improvement, operational turnaround, or value‑creation projects.
• Experience managing student accommodation, serviced apartments, rental housing, shopping malls, community retail projects, or mixed‑use developments would be highly preferred.
• Strong understanding of real estate investment principles, asset management, leasing, property operations, marketing, customer experience, and capital expenditure management.

What's on Offer

• Attractive bonus
• Full medical covered
• Friendly working culture