General Manager
1 week ago
Family-owned property management company seeks Senior Industrial Portfolio Executive.
With their Head Offices based in Cape Town, our client is a family office which owns and manages light Industrial properties valued at nearly R1Billion. Their buildings are spread between Johannesburg and the Cape Town, with a few in outlying areas. Over several generations this portfolio has changed via development, acquisitions and sales, but has consistently serviced tenants in-house in all operational aspects such as leasing, facilities management and finance, and so maintained a close relationship with tenants and the markets changing needs. Their operational team currently comprises of 3 people full time staff who have to date reported directly to the 4 families which make up the board of directors. With two of these Directors active in the business; sourcing new development, disposal or purchasing opportunities, they are looking to appoint a seasoned property professional who can take full charge of day to day operations. Medium term the view is for this position to evolve to also take control of the asset management and transactional side of the business, to allow the Directors to focus on their other business interests whilst still ensuring maximum return on investments and opportunistic but well thought-out growth.
In taking control of this lean but competent team your role will start with ensuring that the most effective structures are in place, both from a reporting and operational point of view. Could a more effective way of attending to maintenance queries be on the cards? Are there ways to drive down costs but maintain standard which new technologies might provide? This kind of strategic thinking will form the basis of your control of the property management business, where you will go on to have full end-to-end operational responsibilities with regards to budget management and forecasting, lease renewals and negotiations, tenant retention, recruiting or upskilling of staff members, recoveries and municipal relations and all ad-hoc projects and issues which a portfolio of this size will incur.
In addition, you will be reporting directly to board members made up of family relatives who might have different opinions & motivations on the same topic. It would therefore suit a non-corporate individual with high EQ who is able to build strong business cases and navigate complex internal & external relationships with ease. In order to gain and maintain the board’s confidence you must have a degree in property or construction backed up by at least 15 years’ experience in property management - preferably industrial - and cut a well-known figure in the SA property industry.
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