Director – Portfolio Management (Development to Hold)

JOB PURPOSE

Oversees the performance of the D-Hold portfolio across its lifecycle - underwriting, programming, analysis and reporting - so that every held asset delivers or exceeds its underwritten returns.

Leads third-party capital sales (JVs, co-investments, stake sales and fund/club vehicles) to recycle capital and fund the development pipeline.

Acts as the single point of alignment between Development and the Investment team's portfolio managers, so development decisions, hold periods and exits match portfolio strategy.

JOB

RESPONSIBILITIES

Portfolio Strategy & Performance

• Develop and maintain the D-Hold portfolio strategy, annual business plans and hold / sell / recycle plans for each asset, aligned to the Chief of Development's priorities.
• Monitor asset and portfolio performance against the underwritten case (IRR, yield-on-cost, NOI, occupancy) and implement corrective action plans where variances arise.
• Establish portfolio construction guidelines covering sector, geography, risk and concentration limits.

Underwriting & Programming

• Direct the underwriting of new and existing projects, including Build-to-Rent, ensuring consistent assumptions, sensitivity testing and Investment Committee (IC)-ready papers.
• Oversee programming and product-mix decisions to maximise asset value, marketability and investor appeal.
• Review and sign off feasibility models and business cases before submission to the Chief of Development and IC.

Third-Party Capital Sales

• Lead origination, structuring and execution of third-party capital transactions - JVs, co-investments, partial stake sales, forward funding and fund/club deals.
• Build and manage a pipeline of institutional capital partners (sovereign wealth funds, pension funds, insurers, family offices).
• Prepare investor materials and data rooms; lead negotiation of term sheets, shareholder and JV agreements with Legal and Finance.
• Manage ongoing relationships and reporting obligations to capital partners post-close.

Investment Team Interface

• Serve as the…