Associate Director - Real Estate Portfolio Management APAC

GlaxoSmithKline; Bengaluru; On-site; INR 3,500,000 - 7,000,000; Full time

Job summary

GlaxoSmithKline (GSK) is seeking a Real Estate Portfolio Manager for APAC to drive end-to-end portfolio processes, including strategy development, site selection, negotiations and capital project delivery across multiple geographies.

You will lead complex transactions, manage sub-leases and work with procurement, finance and legal teams to optimise facilities and costs while advancing GSK’s workplace initiatives and employer of choice culture.

Qualifications

• Subject matter expertise in a Real Estate Asset Class with 16+ overall experience and bachelor’s or master’s degree.
• Financial analysis including cashflow, NPV, P&L, etc.
• Demonstrated leadership capability – including line, matrix, project and third-party management.

Responsibilities

• Drive the End-to-End Real Estate Portfolio process including stakeholder alignment, strategy, site selection, negotiation, lease execution and capital project delivery.
• Develop and deliver regional real estate strategy and oversee complex transactions from concept to Executive approval.
• Manage sub-leases from advertisement/RFP to tenant selection, documentation and relationships.
• Support significant projects to optimise business performance and ensure cost efficiency, sustainability and optimal facility utilisation.
• Develop GSK culture through physical workspace environments to maintain employer of choice.

Skills

Real estate asset management

Stakeholder management

Financial analysis

Leadership

AI in real estate

Education

Bachelor’s or Master’s degree

Job description

Job Purpose

GSK is a global biopharma company with a special purpose – to unite science, technology and talent to get ahead of disease together. Getting ahead means preventing disease as well as treating it, and we aim to impact the health of 2.5 billion people around the world in the next 10 years. In Workplace Real Estate & Facilities (WREF) our unique contribution will accelerate GSK’s success by transforming the employee experience, inspiring everyone to be their best wherever they work. WREF is the global team that is responsible for the full lifecycle of planning, execution and operations of the GSK real estate portfolio consisting of R&D facilities, office buildings, manufacturing plants and distribution centres. The sites may be owned, leased or be occupied through a serviced space arrangement. WREF works in close collaboration with our Global Function partners (Finance, Tech, HR, EHS, Legal, Procurement etc) and relies extensively on our network of vendor partners to deliver a safe, productive and highly desirable work environment for all users of our sites.
Real Estate Portfolio Manager, APAC supports the Director of Real Estate and Asset Management, APAC, and works alongside highly skilled external consultants to optimise the performance of the Region’s property portfolio (currently comprising over 6.7m Sqft, comprising more than 98 properties in 15 countries, and with an annual operating cost of c.£160m).

Key Responsibilities

Drive the GSK End-to-End Process for Real Estate Portfolio, including but not limited to stakeholder alignment, real estate strategy, site selection, negotiation, STP paper, lease execution and capital project delivery.

• Development and delivery of the regional real estate strategy
• Leading multiple small or large, complex transactions from concept to completion, including the preparation of submissions for Executive approval of real estate transactions
• Management of sub-leases whereas GSK may be a landlord, responsible from advertisement / RFP to tenant selection, documentation and subsequent relationship management
• Supporting the development and delivery of significant projects to optimise business performance and ensure the optimum utilisation of facilities ensuring cost efficiency, effectiveness and sustainability
• Supporting the development of GSK’s culture through the ongoing development of physical workspace environments such that it ensures GSK maintains its position as an Employer of choice.
• Working with peers in Procurement team to raise and manage Purchase Order (PO) to vendors, brokers, landlords, local authorities, etc.
• Develop strong relationships with key stakeholders to understand current and future business priorities, enabling the delivery of proactive asset management initiatives that drive long-term value and business outcomes.
• Working with peers in Finance team to support the preparation of regular financial reviews of the Regional property portfolios
• Working with peers in Legal team to support the preparation of lease agreement reviews
• Working with the WREF regional team to ensure seamless ‘OneWREF’ project delivery and connection to stakeholders
• Working with WREF global & regional team on real estate and workplace initiatives

Why You?

• Subject matter expertise in a Real Estate Asset Class with 16+ overall experience and bachelor’s or master’s degree
• A proven track record of managing Real Estate assets across multiple geographies
• Financial analysis including cashflow, NPV, P&L, etc.
• Proven knowledge of real estate, property development and the built environment
• Demonstrated stakeholder management experience partnering with senior levels of management and external third parties
• Experience developing strategic real estate plans
• Proven leadership capability – including line, matrix, project and third-party management
• Experience of leading organizational change
• Experience in using artificial intelligence agents

Preferred Qualifications and experience

Familiar with End-to-End real estate process from collection of user requirement, portfolio planning and strategy to project execution. Experience in R&D or manufacturing environment, experience in a large corporate real estate team also advantageous Ability to think strategically, anticipating the impact of external environmental changes on Real Estate and to translate the impact into operational plans that proactively respond to and manage the changes to the benefit of the organization Good judgement based on proven analytical and complex problem solving skills Highly organized and able to plan, priorities and manage multiple activities effectively Ability to identify, evaluate, resolve and manage outcomes of project risks (through project specialists and/or stakeholders) Recognition of other cultures, points of view and stakeholders’ needs Good communication, presentation and leadership skills. Ability not only to identify challenges but to create solutions and options Ability to deal with ambiguity and complexity and skilled at simplifying complex and specialist information Ability to project manage real estate & workplace delivery and program manage new initiatives Skills Commercial Real Estate, Digital Fluency, Financial Acumen, Influencing Without Authority, Project Delivery, Project Management, Real Estate Transactions, Service Delivery Management, Stakeholder Management

Why GSK?

Uniting science, technology and talent to get ahead of disease together. GSK is a global biopharma company with a purpose to unite science, technology and talent to get ahead of disease together. We aim to positively impact the health of 2.5 billion people by the end of the decade, as a successful, growing company where people can thrive. We get ahead of disease by preventing and treating it with innovation in specialty medicines and vaccines. We focus on four therapeutic areas: respiratory, immunology and inflammation; oncology; HIV; and infectious diseases – to impact health at scale. People and patients around the world count on the medicines and vaccines we make, so we’re committed to creating an environment where our people can thrive and focus on what matters most. Our culture of being ambitious for patients, accountable for impact and doing the right thing is the foundation for how, together, we deliver for patients, shareholders and our people. Inclusion at GSK: As an employer committed to Inclusion, we encourage you to reach out if you need any adjustments during the recruitment process. Please contact our Recruitment Team at [e-mail] to discuss your needs.