Job Description

Purpose of the job:

To develop a strategy to optimise the return for a portfolio of Industrial Assets, and to implement the strategy using a number of interventions including acquiring, developing or redeveloping and disposing of the assets. The incumbent will report to the Head of Asset Management: SA

Key Performance Areas:

1. Perform Assest Management Function

Participate as member of SA Exco

Participate on the following committees: + Deal Forum
+ Property and Investment Committee


Compile reports, analysis and specific tasks as may be required by the Board, Property and Investment Committee, any Board Sub-Committee, Exco Committee or as directed by the Head: SA Asset Management: SA

Adhere to and ensure that direct reports adhere to relevant levels of authority.

Perform corporate management functions in accordance with policies, procedures and legal requirements.

Perform corporate management functions within the allocated time frame

2.

Manage Co-owned Properties

1. Responsible for asset management function of co-owned properties:



a) Provide guidance to Portfolio Managers

b) Participate in Co-Owner meetings and attend ad hoc and development meetings.

c) Provide strategic direction.

d) Ensure accurate accounting for pro-rata profit share calculations and distributions.



2. Manage co-owned properties in accordance with policies, procedures, and legal requirements.

3.

Pe

rform Asset Management Function for External Clients

Perform asset management function for external clients as per specific applicable asset management agreements.

4. Manage Budget

Keep abreast of economy and market in order to identify key threats and opportunities.

Analyse the business plan and investment strategy for the Group to obtain budget guidance for the sector.

Determine mandate for Asset Managers to achieve growth expectations for the Sector.

Compile the consolidated budget, through collaboration with Asset Managers and Sector Accountant, in accordance with the budget guidelines.

Submit the budget for approval to the Executive Directors and the Property and Investment Committee in accordance with policies and procedures.

Monitor and control the expenditure against the budget to ensure that spending occurs within the budgetary restrictions.

Ensure that spending is approved in accordance with procedures.

Compile the monthly asset management and financial report.

Monitor portfolio performance against budget on a monthly basis and take necessary remedial measures, if required.

5. Investment Research & Strategy

a) Collaborate with the Head of Asset Management: SA to formulate an investment strategy for Growthpoint SA, across sectors and geographic location.

b) Conduct in-depth research, in consultation with the Head of Asset Management: SA and the Research Department, in respect of


Investment trends The Sector's performance Threats and opportunities

c) Conduct SWOT analysis at building level in order to draft specific asset management strategy for each asset

d) Evaluate performance of each investment and make recommendations in respect of non-performing assets


e) Manage the implementation of the asset management strategy in accordance with policies and in terms of Delegations of Authority

6. Maximise Return on Investment

a) Manage assets

Ensure that the Industrial Sector performs in line or better than MSCI benchmarks Dedicated focus on maximising return on investment and capex Assisting in the drafting and implementation of policies and procedures applicable to the sector and the business as a whole.

b) Manage acquisitions

Identify investment opportunities meeting Growthpoint and the Sector's investment criteria Conduct comprehensive feasibility studies and due diligence processes

c) Manage disposals

Implement the Investment strategy as devised in terms of disposals Develop disposal strategy (with the Head of Disposals) including compilation of sales budgets and price determination

d) Identify and manage development opportunities in collaboration with the Development division:

Manage extensions and redevelopments of existing properties i.e. timing, feasibility, tenant liaison and financial control Analyse Greenfield developments to assess suitability in terms of location, viability, risk, etc. Analyse Brownfield developments to enhance properties through redevelopment, leasing and addressing tenant needs

e) Manage insurance cover for the sector

f) Ensure that valuations for the sectors are performed timeously

g) Manage assets in line with policies, procedures, and legal requirements

7. Sustainability

a) Keep abreast of sustainability trends, technology and benefits

b) Draft sustainability strategies including short-, medium- and long-term objectives

c) Once the strategy has been approved, communicate, and implement the strategy

8. Trading & Development

a) Assist, in collaboration with the Trading and Development Division, in the drafting of a strategy to generate sustainable income from Trading and Development activities

b) Participate in the drafting of the Trading and Development Division's income budget.

c) Assist in the implementation of the approved budget

d) Actively introduce Trading and Development opportunities from both the Sector and the market

e) Ensure that the asset management function is fulfilled in respect of Industrial properties in the Trading and Development Division in so far as same is required

9. Stakeholder Management

a) Development, promote and maintain client relationships

b) Identify relevant role players in accordance with business requirements

c) Compile a profile of major clients

d) Ensure that Growthpoint's' client experiences are tracked through an efficient client satisfaction survey

Knowledge

Strong knowledge of Property Management Strong knowledge of Industrial development, redevelopment and refurbishment including design and industrial leasing Strong application of property time value of money and key property metrics.

Job Specific Skills

Strategic and Analytical thinking Strong interpersonal skills and ability to engage diverse stakeholders. Strong organisational skills and attention to detail. Ability to analyse data and present findings to senior management. Leadership skills Resilience

Competencies

Business Acumen Business Environment Financial Accounting Principles Legislation Policies and Procedures Employee management, coaching and mentoring Strong relationships with national tenants

Experience

Minimum 10 years with Industrial property experience (at asset management level), with a minimum of 5 years senior/executive management

Education

Relevant tertiary qualification (e.g. Finance or Built Environment) Property Practitioner Act Compliance

Internal Liaison

All internal stakeholders

External Liaison

Co- owners

Level of Decision Making

Executive

Level of Problem Solving

Executive

Role Location

Growthpoint Head Office in Sandton, Johannesburg. The company will accommodate some flexibility in this regard.

Working Conditions

* This position allows for flexibility in terms of hybrid arrangement. Busy periods may require extra hours to ensure deadlines are met.