Director of Property Development – Places for London
Job Ref: 047202
Contract: Permanent – Full time
Location: Victoria Station House, London
About Us
Welcome to Places for London, TfL’s property company, where your career can make a meaningful impact on the landscape of a global city. As an integral part of the London community, we are building more than 20,000 new and sustainable homes over the next 10 years across the capital.
We are one of London’s largest landlords, providing flexible and accessible workspaces for 1,500 customers, over 90 per cent of which are small businesses.
Our mission is about crafting environments that inspire and connect people. From residential developments that redefine modern living to commercial spaces that drive economic vitality, we are at the forefront of urban development and reimagining what is possible. We prioritise innovation, sustainability and community engagement whilst fostering a collaborative and inclusive work environment.
About the Role
As the Director of Property Development, you will report to the Director and Chief Executive of Places for London and be able to influence at the highest levels. You will build, develop, and lead a high performing property development function capable of delivering substantial revenue growth across the Places for London development portfolio, bringing key stakeholders with you on our ambitious change journey.
You will have responsibility for a portfolio with a Gross Development Value of over £10 billion, with over 30 live projects at any one time, as well as being directly responsible and accountable for major development projects (up to £1bn+) to ensure that requirements and milestones are delivered, and costs managed. These are key projects with purpose for our City and as Director of Property Development you will drive this ambition forward.
You will be responsible for circa 75 staff with 6 - 8 direct reports.
You will be directly accountable and responsible for developing TfL’s extensive property portfolio. You will successfully deliver against budget, the Government and Mayoral housing target.
Leadership is key. We thrive on creating an inclusive culture and leading through our people. You will be responsible for managing relationships with senior business, property executives whilst managing your own direct and indirect team members. You will engage with senior operational Directors in TfL as well as be responsible for negotiating commercial terms, development agreements and contracts to maximise the value for Places for London. You will sit as a Director on external Joint Venture boards, representing Places for London’s shareholder interest on ventures with values that may exceed £1bn.
About You
As Director of Property, you will be able to demonstrate leadership of a property development function capable of delivering substantial revenue growth (essential).
You will have the experience of having managed large scale property development and multidisciplinary project teams (essential). You will ensure our people are the key to making the vision a reality and lead to making the Places for London Family a diverse, inclusive, and great place to work.
We are looking for someone to demonstrate strong negotiation, deal execution and analytical skills, using a variety of strategic, operational and financial techniques (essential).
It is essential you successfully have delivery against large budgets and able to manage contracts effectively. It is also critical you are able to demonstrate the management of property partners and leading them to effectively partner with a public sector organisation.
With experience of operating at Board level, you will be comfortable managing a range of senior stakeholders and navigating the political environment (essential).
Senior level knowledge of the residential, investment and development property markets in Greater London; as well as knowledge of the key economic models within a complex construction and engineering-based investment programme is essential.
Driving strategic planning for London is highly desirable.
Ideally, you will be educated to degree level, ideally an engineering / business administration degree or equivalent professional qualification as well as being a Member of Royal Institution of Chartered Surveyors (MRICS).
How to apply
Please submit an up-to-date copy of your CV (no more than 2 pages, Arial 12) along with a cover letter (no more than 1 A4 page Arial size 12).
We recommend that you consider the motivations, skills, knowledge and experience required for this role and ensure your application outlines where you meet these criteria.
Closing date for applications will be Thursday 16 January 2025.
For a more detailed copy of the job description, please contact Jay Patel at jaypatel@tfl.gov.uk or the Executive Recruitment Team at talentacquisitionandexecutiverecruitment@tfl.gov.uk
Equality, Diversity and Inclusion
We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria.
Hybrid Working (for eligible roles only)
Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.
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