PIMCO Prime Real Estate
A leading global real estate investor and manager, PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform, focusing on the Core and Core+ segments of the market and managing the Allianz Group's $93B+ real estate mandate.
Formerly known as Allianz Real Estate, we manage a global investment portfolio of $97.5B AUM, with an international team of over 490 employees working in 17 offices in Belgium, China, France, Germany, Italy, Japan, Singapore, Spain, Sweden, the UK and the U.S.
PIMCO's real estate platform is one of the largest and most diversified in the world, with over $190B in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
Note: Diversity of minds is an integral part of Allianz' company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.
Aufgaben:
PIMCO Prime is looking for an experienced Real Estate Asset Management professional (m/f/d) with a strong background in the retail sector to join its team in Frankfurt. The person will be responsible to manage various shopping centers in Europe with a focus on optimizing the performance and value of our retail assets, ensuring they meet financial and operational goals. This role requires a strategic thinker with excellent analytical skills, a deep understanding of the retail market, and the ability to foster strong relationships with (operating) partners, tenants, stakeholders, and team members. The role comes with responsibility to develop and implement active asset management strategies to maximize property value and performance, in close collaboration with the external center management teams.
The role is based in Frankfurt, but a high level of flexibility is required as the assets are mostly located outside of Germany (currently i.e. Ireland). The applicant can be expected to be involved in all varying stages of the investment cycle.
Direct experience in property portfolio management is helpful, as well as working with joint ventures.
Property and performance responsibility according to the vision "Active manager of the performance of our properties":
Work closely with third party service providers and joint venture partners (including property and asset managers, leasing and investment agents etc.) driving their performance, creating optimal business plans and ensuring investment performance is in-line with the business plan
Handle the communication with external parties (agents, brokers, property managers,architecs vendors, property surveyors); control and steer their work
Collaborate with center management teams to ensure efficient day-to-day operations of shopping centers
Target/actual comparisons, independent check of the ongoing weekly result (plan/actual deviations). Execution of any required arrangements for explanation of the deviations and presentation of the deviations in the relevant meetings
Take a leading role in the creation of the annual business planning for the properties and align on the (joint venture) business plans
Development of action strategies and options (including repositioning) taking account of market and life cycle and investor-specific investment strategies in agreement with other departments
Ongoing contract and process optimisation for the supported assets
Focus on investor requirements across all key established KPIs including financial returns, operational excellence, sustainability and smart requirements
Work closely with investment team in order to ensure good practices and latest knowledge are included in a «Buy Manage Sell» process ; prepare hold /sell analysis papers, refinancing and other relevant documents for the Investment Committee
Takeover of properties in the managed portfolio
Prepare quarterly investment updates and answering to investor ad hoc requirements
Become an expert in internal systems and schedules in order to deliver product on time and as per local or investment requirements
Parameter planning: Take up market perspective for incentives, market rents and prolongations
Assurance of the optimal product design for the requirements of the target customers
Preparation and support for property sales and/or other events in an asset life cycle
Control of the creation and implementation of appropriate letting actions and strategies
Commercial support in the course of the purchase / sale process and identification of potential investments through own network
Gather the appropriate market research and review real estate surveys and benchmarks, economic and demographic trends for relevant sectors
Content-related integration of the management of the property of the associate and analysts
Qualifikationen:
A minimum of 5 years' experience with solid academics (educated to degree level), ideally holding qualifications in engineering/science, finance, economics, or business studies
Extensive market knowledge in the retail sector, ideally shopping centers
Good knowledge of MS Office and Inventory-managing systems (SAP, Filenet, Argus)
Historical experience in development implementation considered an advantage
Experience of presentation preparation and research
Strong negotiating, communication and presentation skills
Spoken and written English skills at negotiation level are a prerequisite
Very good financial modelling skills
Execution experience with ability to prioritize and meet multiple deadlines
Positive attitude and «can-do» mindset
Strong ability to work in a team
Ability to work in a diverse environment with different cultures
Above-average commitment and persistence in carrying out projects
Other Desired Attributes
Professional and positive attitude
Cultural fit
Commercial acumen
Confident decision making and ability to be proactive
Ability to effectively operate in a cross-cultural environment
Wir bieten:
Onboarding: A mentor, a buddy program and a global welcome event will help you getting started.
Learning: A large portfolio of continuous learning opportunities will help you staying relevant in your current role and growing into future workplace demands.
Working place: An open and international working environment with a diverse and inclusive culture will inspire your everyday work. A working model which balances remote and office based work will give you the flexibility to organize the way you work.
Benefits: A company pension scheme, well-being initiatives, sports offers and other local benefits will allow you achieving a positive work life balance.
Unser Kontakt:
PIMCO Prime Real Estate GmbH
A company of Allianz
Weitere Informationen:
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
PIMCO Prime Real Estate
A leading global real estate investor and manager, PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform, focusing on the Core and Core+ segments of the market and managing the Allianz Group's $93B+ real estate mandate.
Formerly known as Allianz Real Estate, we manage a global investment portfolio of $97.5B AUM, with an international team of over 490 employees working in 17 offices in Belgium, China, France, Germany, Italy, Japan, Singapore, Spain, Sweden, the UK and the U.S.
PIMCO's real estate platform is one of the largest and most diversified in the world, with over $190B in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
Note: Diversity of minds is an integral part of Allianz' company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.
Aufgaben:
PIMCO Prime is looking for an experienced Real Estate Asset Management professional (m/f/d) with a strong background in the retail sector to join its team in Frankfurt. The person will be responsible to manage various shopping centers in Europe with a focus on optimizing the performance and value of our retail assets, ensuring they meet financial and operational goals. This role requires a strategic thinker with excellent analytical skills, a deep understanding of the retail market, and the ability to foster strong relationships with (operating) partners, tenants, stakeholders, and team members. The role comes with responsibility to develop and implement active asset management strategies to maximize property value and performance, in close collaboration with the external center management teams.
The role is based in Frankfurt, but a high level of flexibility is required as the assets are mostly located outside of Germany (currently i.e. Ireland). The applicant can be expected to be involved in all varying stages of the investment cycle.
Direct experience in property portfolio management is helpful, as well as working with joint ventures.
Property and performance responsibility according to the vision "Active manager of the performance of our properties":
Work closely with third party service providers and joint venture partners (including property and asset managers, leasing and investment agents etc.) driving their performance, creating optimal business plans and ensuring investment performance is in-line with the business plan
Handle the communication with external parties (agents, brokers, property managers,architecs vendors, property surveyors); control and steer their work
Collaborate with center management teams to ensure efficient day-to-day operations of shopping centers
Target/actual comparisons, independent check of the ongoing weekly result (plan/actual deviations). Execution of any required arrangements for explanation of the deviations and presentation of the deviations in the relevant meetings
Take a leading role in the creation of the annual business planning for the properties and align on the (joint venture) business plans
Development of action strategies and options (including repositioning) taking account of market and life cycle and investor-specific investment strategies in agreement with other departments
Ongoing contract and process optimisation for the supported assets
Focus on investor requirements across all key established KPIs including financial returns, operational excellence, sustainability and smart requirements
Work closely with investment team in order to ensure good practices and latest knowledge are included in a «Buy Manage Sell» process ; prepare hold /sell analysis papers, refinancing and other relevant documents for the Investment Committee
Takeover of properties in the managed portfolio
Prepare quarterly investment updates and answering to investor ad hoc requirements
Become an expert in internal systems and schedules in order to deliver product on time and as per local or investment requirements
Parameter planning: Take up market perspective for incentives, market rents and prolongations
Assurance of the optimal product design for the requirements of the target customers
Preparation and support for property sales and/or other events in an asset life cycle
Control of the creation and implementation of appropriate letting actions and strategies
Commercial support in the course of the purchase / sale process and identification of potential investments through own network
Gather the appropriate market research and review real estate surveys and benchmarks, economic and demographic trends for relevant sectors
Content-related integration of the management of the property of the associate and analysts
Qualifikationen:
A minimum of 5 years' experience with solid academics (educated to degree level), ideally holding qualifications in engineering/science, finance, economics, or business studies
Extensive market knowledge in the retail sector, ideally shopping centers
Good knowledge of MS Office and Inventory-managing systems (SAP, Filenet, Argus)
Historical experience in development implementation considered an advantage
Experience of presentation preparation and research
Strong negotiating, communication and presentation skills
Spoken and written English skills at negotiation level are a prerequisite
Very good financial modelling skills
Execution experience with ability to prioritize and meet multiple deadlines
Positive attitude and «can-do» mindset
Strong ability to work in a team
Ability to work in a diverse environment with different cultures
Above-average commitment and persistence in carrying out projects
Other Desired Attributes
Professional and positive attitude
Cultural fit
Commercial acumen
Confident decision making and ability to be proactive
Ability to effectively operate in a cross-cultural environment
Wir bieten:
Onboarding: A mentor, a buddy program and a global welcome event will help you getting started.
Learning: A large portfolio of continuous learning opportunities will help you staying relevant in your current role and growing into future workplace demands.
Working place: An open and international working environment with a diverse and inclusive culture will inspire your everyday work. A working model which balances remote and office based work will give you the flexibility to organize the way you work.
Benefits: A company pension scheme, well-being initiatives, sports offers and other local benefits will allow you achieving a positive work life balance.
Unser Kontakt:
PIMCO Prime Real Estate GmbH
A company of Allianz
Weitere Informationen:
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
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