Team Overview

LaSalle’s Assets under Management cover the full spectrum of Core to Value‑Add investments. The Continental European Asset Management team (excluding France) is currently composed of 10 Asset Managers, based in 3 locations : Munich (5), Amsterdam (3) and Madrid (2). As of July 2024, Assets under Management are approximately € 3.7 billion, located in 9 different countries. The team forms part of LaSalle’s Continental European business working notably on several cross‑border initiatives.

Role and Accountabilities

The Asset Manager will drive the investment performance of a property portfolio (logistic, office, retail (high street)) thus assisting the Fund Management teams achieve their strategic plans for the portfolio. The Asset Manager will work alongside Fund Management and Investment Management, and as a team, will be responsible for managing value‑add and value protection for the portfolio and for delivering optimal asset performance. The successful candidate will also have a full understanding of client mandates. Working with the Portfolio Manager and other internal resources, the Asset Manager will have the following core accountabilities:

Strategic Planning

Develop and recommend hold / sell strategy for each asset and update annually together with Portfolio Management
Develop annual property business budget.

Acquisitions and Disposals

Use contacts to source potential investment acquisitions
Support acquisitions by giving feedback on local markets and underpinning rent‑ and CAPEX‑assumptions.
Assist with due diligence on acquisitions.
Assist Portfolio / Acquisition Manager in presentation of acquisitions and purchases to Investment Committee.
Ensure insurance cover is placed on exchange or completion of purchase.
Check and approve final due diligence acquisition report.
Initiate property sales via selected agent consistent with conclusions of hold / sell business plan assessment (supported by acquisition manager).
Manage the sale process with agent, lawyer, and property manager (supported by acquisition manager).

Capital and Revenue Improvement Planning

Determine what capital projects and leasing strategies are needed to sustain or protect value, reposition asset to increase value.
Develop and execute works via appointment of suitable project team.
Implement lease surrenders, regears, renewals, rent reviews, and tenant mix improvements.
Identify and implement planning and change of use opportunities.

Valuations and Performance Measurement

Supply base property information to Fund valuer.

Management of Property Manager

Regularly attend review meetings with the property manager.
Monitor performance against KPIs.
Track and monitor rent arrears.
Monitor database records and fully understand the property records database.

Management of Letting and Strategic Agents

Develop relationships with main tenants.
Leasing, renewing leases, reviewing leases, dealing with planning aspects, remodeling, extending and reconfiguring space, marketing and progressing asset management initiatives on a broad portfolio across all funds.
Establish letting strategy and objectives, and update regularly as required to reflect business plan and changes in the market.
Define expectations regarding provision of market information (e.g., trends, rental values, competing properties).
Monitor and action critical lease events (rent reviews, expiries, breaks).

Finance and Accounting

Review property rent and service charge collection.
Approve irrecoverable costs within discretionary levels set by house DA and client.
Ensure adherence to internal and audit controls.

Client Reporting and Communications

Give information to Portfolio Management to help prepare and deliver reports.
Work with Portfolio Manager to implement a “no surprises” communication policy.

Environmental and Sustainability

Deliver asset management initiatives in line with house sustainability policies.
Critically assess asset performance and the positive / negative influences of environmental factors.

Required Qualifications & Experience

Minimum 3‑5 years’ work experience in asset management with sound and thorough understanding of commercial asset management practice.
Proven track record of delivering investment performance through asset management of relevant asset classes (office, retail, logistic), especially with commercial leasing.
Ideally experience in the acquisition and disposal of investment property including responsibility for the due diligence process.
Demonstrable skill in identifying opportunities to add value.
Strong numeracy, financial and computer skills.
Adaptable team player capable of operating autonomously in a high‑pressure environment.
Strong interpersonal skills with the ability to present to clients in both verbal and written formats.
Ability to work collaboratively with internal teams including Fund Teams, analysts, finance, strategy, and client services.
Willingness and motivation to work in an international team (across borders).
Willingness to travel.
Fluent in German and English.

LaSalle is an Equal Opportunity Employer and encourages applications from all sections of the community.

Jones Lang LaSalle (JLL) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities.

Vaccination Requirement

This position may require you to be fully vaccinated against COVID‑19. If required, you’ll be asked to provide proof that you’re fully vaccinated upon your start date. You’re considered fully vaccinated two weeks after you receive the second dose of a two‑dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single‑dose vaccine (e.g., Johnson & Johnson / Janssen). Failure to provide proof of vaccination may result in termination.

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La Salle University

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