Property Manager

UK-London
Job ID
2017-1757
# of Openings
2
Business Entity
Octopus Healthcare
Category
Octopus Healthcare
Type
Permanent Full-Time

Overview

About Octopus

 

At Octopus we’re transforming the industries we operate in and improving the lives of millions of people. We’ve built market-leading positions in a number of specialist sectors, including smaller company financing, renewable energy, healthcare and property finance. We employ over 500 people and manage more than £6 billion on behalf of more than 50,000 investors. Our products don’t just help real people solve real life problems, they also make a positive impact on the world around us.

 

The Octopus Group incorporates Octopus Energy, Octopus Healthcare, Octopus Investments, Octopus Property, Octopus Ventures and Octopus Labs. Our aim is to have an impact in everything we do, and to make a vital contribution to the UK economy by helping people, companies and institutions generate wealth. And we’re always on the look-out for smart, talented people who share our values.

 

Octopus Healthcare was formed in 2014 by the acquisition of MedicX Holdings Ltd by Octopus Investments and is a leading healthcare property investor / developer in the UK.  Our investment portfolio of around 200 properties includes the MedicX Fund, listed on the London Stock Exchange (LON:MXF) and two limited partnerships (MedicX Healthfund I & II). We invest both through direct property development / investment, and also through joint ventures and equity investments with healthcare operators. 

However Octopus Healthcare’s ambition extends beyond growth; our objective is to be a different type of investor.  We have a longer term investment horizon and look to develop and invest in exceptional property and businesses that put people first and reflect our values.  Octopus Healthcare is in a position to make change across the healthcare spectrum; we aim to challenge the status quo and create properties that will improve people’s lives.

 

Responsibilities

Octopus Healthcare is looking for two Property Managers to join its Primary Healthcare property team reporting directly into the Head of Asset and Property Management. The team, which currently totals 5 people (excluding the accounts team) manages a £650+ portfolio of 157 Primary Care assets (the Medicx Fund) comprising c350 leases across the UK, including the Republic of Ireland.

It invests either by acquiring existing assets or forward funding them, typically in joint ventures with specialist developers including Octopus Healthcare’s own development team.  Properties are typically let to GP Practices and Pharmacies on long leases (21 years plus) with reviews to market rent, index-linked or fixed annual uplifts.  Octopus Healthcare is planning to grow this fund by £350m by 2020, i.e. £1bn in total.

To support the current workload and as a result of the planned expansion, Octopus Healthcare is seeking two dedicated Property Managers to join the team.  The successful candidates will have responsibility for typical property management functions across part of the portfolio of single and multi-tenanted properties let on a mix of FRI, effective FRI (subject to service charge) and the NHS specific TIR terms (Tenant Internal Repair). In addition, the successful candidate must be able to assist the team in developing robust systems and drive the implementation of new ideas to realise the funds ambitions for managed growth.

 

Typical commercial property functions, including;

 

  • Rent and service charge collection
  • Service charge management, budgeting and service procurement
  • Health and Safety, managing risk and Insurance
  • Tenant relations, lease advisory, landlord and tenant covenants
  • Board reporting
  • Working alongside and assisting Asset Management team

Qualifications

 

  • Personality and approach is key.  We are seeking someone who is genuinely driven, personable and capable of bringing initiative, focus and flair to a wide variety of situations.  Also, someone who identifies strongly with the Octopus values.
  • The ability to combine administrative efficiency and the technical aspects of property management with the development of relationships with operators and to assist the asset management team in the identification of business opportunities with them.
  • Strong communication skills, written and verbal.
  • Probably a Chartered Surveyor.
  • Healthcare property experience helpful, but by no means required.
  • Experience from HC or Property Management ideal.

Our Values 

 

Be helpful

Random acts of kindness make the workplace a better place. So, go out of your way to be helpful, and give people reasons to smile.

 

Be straightforward
Life is complicated enough. Don’t make it harder for yourself, or for others. Sometimes the simplest approach works wonders.

 

Be bold
Every great business started with a flash of inspiration. If you’ve got a great idea, don’t keep it to yourself.

 

 

 

At Octopus, we recognise the importance of embracing diversity in order to create a high performance culture.

 

 

 

 

 

 

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