Development Manager, UK

Asset and Property Management London, UK

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Description

Realty Income aims to be a globally recognized leader in the S&P 100, committed to creating long-term value for all stakeholders. These stakeholders include our dedicated team members, who embody our purpose: building enduring relationships and brighter financial futures. This guiding principle serves as a beacon for our team, influencing every action we take.
Realty Income’s employees consistently invest their time, commitment, and dedication into the company, and in turn, they receive investment returns in the form of purpose, belonging, and opportunities for advancement. 
Realty Income is committed to best-in-class corporate responsibility practices through environmental initiatives, governance programs, and community outreach projects. From the boardroom to the breakroom, our team members make a difference every day.

Position Overview:

The Development Manager (DM) will support the Head of Asset Management & Value Add Investment (Head of AM & VA) in successfully delivering projects across a diverse £10bn+ international portfolio, including retail and industrial projects in both developer and funder capacities. The DM will appoint the design team, secure planning permissions, and oversee project delivery from start to finish. This role requires high collaboration, with daily interactions across Realty Income and with external clients, advisors, and stakeholders. This opportunity is ideal for an experienced Senior Project Manager or Development Manager looking to grow a new capability within an established and rapidly expanding business with a substantial development project pipeline.

 

Key Responsibilities:

  • Coordinate all development pipelines across the international portfolio and deliver capital expenditure initiatives, reporting progress, commercial performance, risks, and issues to the Head of AM & VA.
  • Collaborate with the US Development Team on pipeline tracking and quarterly reporting reconciliation.
  • Work with the US Construction and Procurement Team on all CapEx projects, ensuring adherence to internal procedures.
  • Partner with the Property Management Team on maintenance and CapEx initiatives.
  • Provide technical due diligence, review, and monitor forward fund agreements and joint venture agreements with key partners.
  • Manage pre-contract activities, including planning applications and procurement processes.
  • Lead CDM, Health & Safety, and statutory regulatory approval processes for all international construction activities.
  • Appoint and coordinate consultant project teams across the international portfolio.
  • Ensure projects are procured using the most appropriate contracts and procurement methodologies.
  • Serve as the lead contact for the Asset Management Team on development feasibility opportunities.
  • Assist the Asset Management and Investment Teams with development appraisals, acquisitions, and repositioning strategies.
  • Develop client briefs for all construction projects and ensure they deliver agreed project outcomes.
  • Maintain and manage reporting processes across the portfolio and multiple consultant teams.

Qualifications:

  • Minimum of 6 years’ commercial real estate-related experience.
  • Undergraduate degree in a related field (B.S. or B.A.).
  • Chartered Surveyor (MRICS).
  • Retail development experience, including extensions, amalgamations, downsizes, refurbishments, new developments, and asset repositioning projects.
  • Industrial and logistics development experience, including large single-box and multi-unit development projects.
  • Experience leading consultant and project teams on multiple projects simultaneously.
  • Consultancy or client organization experience delivering capital projects across the UK and Europe.
  • Familiarity with JCT & SBC forms of contract and the ability to advise on contract selection.
  • Skilled in negotiating planning legal agreements and lease technical negotiations.
  • Excellent verbal, written, and interpersonal communication skills.
  • Strong analytical skills for identifying issues, assessing risks, proposing alternatives, and making recommendations.
  • Strong work ethic, teamwork capabilities, and project management skills.
  • Thorough knowledge of commercial real estate principles.
  • Extensive experience managing development projects from start to finish.
  • Proficiency in Excel and Word.

About Realty Income!

Realty Income (NYSE: O), an S&P 500 company, is a real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties across all 50 U.S. states and seven countries in Europe. Known as "The Monthly Dividend Company®," our mission is to deliver dependable monthly dividends that grow over time. Since our founding, we have declared 645 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index, having increased our dividend for the last 25 consecutive years.

Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact [email protected], or call 800-375-6700. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.

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