Director of Property Development

Job Description - Director of Property Development (047202)

Organisation

Commercial Development

Job

Director/Executive

Position Type - Full Time

Director of Property Development - Places for London

Reporting into - Director & Chief Executive of Places for London

Contract - Permanent

Band - Director

Location - Victoria Station House, London

About Us

Welcome to Places for London, TfL's property company, where your career can make a meaningful impact on the landscape of a global city. We are building more than 20,000 new and sustainable homes over the next 10 years across the capital.

We are one of London's largest landlords, providing flexible and accessible workspaces for 1,500 customers, over 90 per cent of which are small businesses.

Our mission is about crafting environments that inspire and connect people. From residential developments that redefine modern living to commercial spaces that drive economic vitality, we are at the forefront of urban development. We prioritise innovation, sustainability and community engagement whilst fostering a collaborative and inclusive work environment.

About the Role

As the Director of Property Development, you will report to the Director and Chief Executive of Places for London and be able to influence at the highest levels. You will build, develop, and lead a high performing property development function capable of delivering substantial revenue growth across the Places for London development portfolio.

You will have responsibility for a portfolio with a Gross Development Value of over £10 billion, with over 30 live projects at any one time, as well as being directly responsible and accountable for major development projects (up to £1bn+) to ensure that requirements and milestones are delivered, and costs managed. You will drive this ambition forward and be responsible for circa 75 staff with 6 - 8 direct reports.

You will be directly accountable for developing TfL's extensive property portfolio and successfully deliver against budget and the Government and Mayoral housing targets.

Leadership is key. You will manage relationships with senior business and property executives while managing your own direct and indirect team members. You will engage with senior operational Directors in TfL and be responsible for negotiating commercial terms, development agreements and contracts to maximise the value for Places for London.

About You

You will demonstrate leadership of a property development function capable of delivering substantial revenue growth (essential). You will have experience managing large scale property development and multidisciplinary project teams (essential).

You will demonstrate strong negotiation, deal execution and analytical skills (essential). It is essential you have successfully delivered against large budgets and managed contracts effectively.

With experience of operating at Board level, you will be comfortable managing a range of senior stakeholders and navigating the political environment (essential).

Senior level knowledge of the residential, investment and development property markets in Greater London is essential, as well as knowledge of key economic models within a complex construction and engineering-based investment programme.

Driving strategic planning for London is highly desirable. Ideally, you will be educated to degree level in engineering, business administration or equivalent professional qualification and be a Member of the Royal Institution of Chartered Surveyors (MRICS).

How to Apply

Please submit an up-to-date copy of your CV (no more than 2 pages, Arial 12) along with a cover letter (no more than 1 A4 page Arial size 12).

We recommend that you consider the motivations, skills, knowledge and experience required for this role and ensure your application outlines where you meet these criteria.

Closing date for applications will be Thursday 16th January 2025.

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible.

Hybrid Working (for eligible roles only)

Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.