h3Overview /h3 pHines has a holistic approach to real estate investment management that allies sophisticated trend analysis, deep local market knowledge and unrivalled operational expertise. The firm currently has 36 active strategic investment vehicles globally managing capital for over 300 institutional investors as well as 700+ HNWIs and 170,000 retail investors. /p pWith a European headquarter in London, the firm operates from 18 offices across the region. Hines Italy is a permanently established business and part of Hines Europe, having been active in the Italian market for more than a decade. It has built a substantial presence across the country with office in Milan but projects spread different cities like Florence, Rome and Bologna. The platform is invested across a broad range of sectors including office, residential, logistics, mixed-use and retail through Hines-sponsored funds, separate accounts, joint ventures and the Hines balance sheet. Hines Italy continues to actively expand its portfolio through acquisitions, developments and strategic repositioning opportunities, while also focusing on operational enhancement and value creation across existing investments. The Italian platform is organized across its core business functions, including Acquisitions, Asset Management Management Services, Development and Finance. /p h3Responsibilities /h3 pHines is seeking to appoint a Director of Asset Management to join the firms Milan office. Reporting to Davide Calcaterra, Managing Director, Head of Asset Management and Management Services for Italy. This role is a critical part of the Asset Management team for all new acquisitions and existing assets across product types in Italy. /p pThis person will be part of the team responsible for overseeing a diversified real estate portfolio of c. € 8.0 billion,
including assets for which Hines performs a fiduciary role plus assets where Hines is a third-party fee only manager in an asset /or property manager capacity. /p ul liOversee creation of annual property business plans for each asset; perform market analysis and work with internal and external functions to develop leasing objectives, operating and financial budgets, and capital/renovation/repositioning project plans. /li liManage risk at all stages of the investment lifecycle – from acquisition and development through to stabilisation and exit – identifying potential vulnerabilities and implementing mitigation strategies. /li liManage the leasing activity of certain properties to include leasing agent selection and management rent setting strategy, commercial lease analyses, drafting proposals, negotiating economic/legal terms, and working closely with legal counsel in review of lease documents; review and approve all applicable authorisations and lease documents prior to ownership execution. /li liReview and approve pricing for capital/tenant improvement projects and contracting, then ensure that financial controls are in place during construction, including capital draw procedures.
/li liUnderstand the current value and projected future performance of each asset and what property specific factors impact values; develop hold/sell recommendation in accordance with owner’s investment thesis; manage Analysts and Accounting teams to develop and maintain property discounted cashflow models and sensitivities, (e.g. Argus, Excel,). /li liFacilitate broker selections, negotiate transaction documents for dispositions, manage the disposal closing process. /li liProvide leadership and oversight for all aspects of property performance for the existing portfolio. /li liHelp in the management of the asset management team and work with property level teams to develop short
- and long-term strategies designed to maximise financial value and occupier satisfaction of each asset. /li liCollaborate with and challenge internal / external teams and operating partners, fostering a culture of accountability, transparency, and performance enhancement. /li liGrow and elevate the team and be a mentor to younger employees. /li liSupport Acquisitions/Development functions by reviewing legal documents including purchase agreements, loan documents, conduct/coordinate due diligence. /li liInterest in AI and its use in day-to-day management to ensure efficiency and effectiveness. The freed-up time should be used to improve quality and service. /li /ul h3Qualifications /h3 pMinimum Requirement include: /p ul liBachelor's degree from an accredited institution required.) /li liMBA or Masters in Real Estate preferred. /li liEight or more years of real estate asset management experience. /li liExperience leading/managing a team and mentoring team members. /li liSupplemental experience in acquisitions, leasing, development, and/or property management. /li liAbility to identify risks/mitigations and value-added opportunities, and make sound, long-term investment decisions. /li liStrong negotiation, collaboration, and decision-making skills.
📌 Remote Director/Client Services (Italia)
🏢 Hines
📍 Italia