• Job at Africa Real Estate Investment & Asset Management Company (ARIA) - Nigeria

  • Posted on: 17 April, 2015 Deadline: Not Specified
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  • The Persianas Group has grown significantly since being founded in 1990 and established a proven capability to initiate, secure, construct, deliver and manage real estate developments across Nigeria. We have particular expertise and a leading profile in the retail sector, notably The Palms shopping malls, and are also active in the residential and commercial real estate development and management sectors. Combining market insights, entrepreneurial vision and expert administration, Persianas today is a stable, highly profitable business benefiting from a pragmatic operational structure, rigorous financial controls and impeccable corporate governance. 

    Africa Real Estate Investment and Asset Management Company (ARIA) was incorporated in 2011 as the asset management arm of the Persianas Group. It is in charge of managing all its assets and ensuring the maximization of revenue and efficient running of all its entities.

    Construction Manager

     

    Objective of the Role

    The Construction/Development Manager reports to the CEO.

    He /She is responsible for driving new development opportunities to the market. The secondary role of the Development Manager (DM) is to help oversee, manage and grow the development portfolio, thereby increasing its market capitalization. 

    Site Acquisition 

    • Evaluate new sites for acquisition and determine alignment within the Company’s overall strategy.
    • Conduct physical inspections and market research studies
    • Work with Asset Management to prepare a preliminary financial pro forma for the project
    • Prepare a deal memorandum in requisition to acquiring the site

    Design and Feasibility

    • Manage design/coordination meetings and work with the Construction Team to maximize desirability, efficiency, and sustainability of a project.
    • Work with the Construction Team to develop schematic site plan options reflecting potential building alternatives and develop the final project design and development drawings

    Development Financing

    • Work with the Asset Management team to raise debt and equity for projects by providing relevant information and analysis and attending lender/investor meetings
    • Develop detailed financial models showing the cash flows projections, project costs, investor returns, and debt financing for projects
    • Develop strategies to maximize value and minimize risk such as joint ventures, co-development, and sale lease backs

    Pre-Construction and Construction

    • Manage the procurement of permits, entitlements, and any other necessary documentation needed to commence development
    • Asses and negotiate contract works packages during the tender process and make recommendations on pricing, project contractors, consultants and other members of the professional/technical team
    • Collaborate with on-site Project Management to monitor the progress of work on site in terms of the plan and budget, review construction contract documentation, including drawings, specifications and bills of quantity to confirm that the project is built to agreed specifications. Advise on project provisions for cost overruns, construction time frames, program delays, advance payments, retentions, insurance, performance bonds etc.
    • Advise on all relevant standards and regulatory approvals that should be complied with or secured
    • Attend site meetings to proactively monitoring and assess project performance from a cost, time and quality perspective
    • Collaborate with on-site Project Management to undertake a technical risk analysis of the Project and suggest appropriate solutions

    Leasing/Marketing

    • In conjunction with marketing department  devise a marketing strategy to identify, reach and lease space to targeted clients
    • Determine market rents and generate marketing brochures to distribute to potential clients
    • Negotiate with clients to achieve value maximizing revenue for each project
    • Report planned & executed leasing activities to appropriate Executive Management

    Project Handover

    • Asses and negotiate contract works packages with facility management companies during the tender process and make recommendations on pricing and scope of work

    General Management

    • Research and track latest industry trends for assigned projects.
    • Drive successful implementation of development processes providing single point of project accountability
    • Proactively identify any issues that may affect project execution and successful completion of the Project, and report this to the Management Team

    Specific responsibilities include:

    • Completing comprehensive due diligence of each prospective site (including obtaining and reviewing all soils and environmental reports, surveys, utility/ acoustical/ & other studies as necessary);
    • Oversight of the entire entitlement process (including obtaining all planning/ zoning and other necessary city and state approvals, including managing EIA processes);
    • Directing architects and other consultants;
    • Completion of all project bidding and bid qualification;
    • General Contractor selection & contracting;
    • Overseeing the entire permit process;
    • Directly managing the entire construction process through turnover to Operations/ mall opening, and construction close-out.
    • Initiating, managing and completing property development projects in accordance with organization’s strategies.
    •   Negotiating with all appropriate stakeholders to ensure project achieve necessary approvals.
    •   Ensuring the organization is offered opportunities to present proposals for potential development projects and effectively market proposals for leasing and investment.
    •   Acting as the organizations representative for all building contracts. Negotiating contracts and settling disputes in accordance with organization requirements.
    •   Developing and implementing appropriate property management policies, systems and processes.
    •   Preparing detailed project strategies and plans for development projects and undertake detailed feasibility and financial analysis of prospective projects, project tracking and evaluation.
    •   Selecting and managing projects teams of consultant and contractors.
    •   Assisting with the development of business plans.
    • Prepare and execute on the annual strategic business plan for each property including preparation of acquisition / disposition opportunity, objectives, sales and leasing objectives, operating budgets and capital renovation projects.
    • Prepare, manage and keep all operating budgets for all company properties
    • Develop and implement sales, leasing and repositioning strategies including marketing and advertising plans and tenant relations initiatives
    • Complete annual valuations and quarterly reports for the properties and lead investor reporting.
    • Responsible for monthly reports for each property, giving detailed analysis of the financial and physical aspects of the property.
    • Review, recommend approvals / disapprovals / changes to all proposed tenant improvement expenditure and other capital expenditures of the properties. 

    Skills and Experience

    • The selected candidate will possess extensive experience in mall construction and development, with a clear understanding of land acquisition processes, budgeting, required due diligence,  architectural design management, and construction management
    • Direct experience in multi-site construction amid rapidly changing urban environment is strongly preferred
    • Experience in mall/  mixed use developments, with a solid background and experience level demonstrating a clear understanding of land acquisitions/ due diligence, entitlement processing, and construction management
    • Ability to properly manage multiple projects in a fast paced environment;
    • Clear verbal and written communication skills to demonstrate and convey a thorough understanding of the entire development process;
    • Financial acumen to provide concise status and cost reports;
    • Leadership skills to provide clear direction to internal and external resources and to make things happen as required and agreed to
    • Some travel and a solid commitment to deliver exceptional results are required
    • Additionally, the candidate must be a self-starter, require minimal supervision
    • Verbal and written communication must be clearly and concisely delivered to audiences inside and outside the company
    • Strong leadership and follow-up skills, which may include a “hands on” approach to completing all projects in a timely and efficient manner
    • Proficiency in MS Excel and other software applications to develop appropriate reports and communication for local management and senior leadership. 

    Relevant Experience

    • Bachelor's degree in Architecture, Engineering, or Construction Management, or related field strongly preferred.
    • A minimum of 10 years’ experience in the property industry.

    Method of Application

    Interested and suitably qualified candidates should click here to apply online.

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