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Scottish Widows Investment Partnership is one of the UK’s largest asset management companies. Acting on behalf of a wide client base, the company invests across all asset classes. The property investment team manages around £8 bn of direct property on behalf of a number of clients and is made up of a diverse range of commercial property assets, widely spread across the UK, Europe and US.
In our search for out-performing properties, we combine our assessment of individual property holdings with our view of the economy as a whole.
We place considerable emphasis on the analysis of individual properties. Our experienced investment managers undertake this research, with their expertise and knowledge adding significantly to the process. In reviewing an asset, the manager will consider if it is appropriately priced, examine the property against the prospects for the sector and market as a whole, and identify any opportunities to add value.
Our research team carries out macro analysis, focusing on economics, strategy, performance measurement and risk analysis. They are also able to build on information gathered by other colleagues, particularly our economics, equity and bond teams. From this, we produce our house view of the property market both for the UK and for Europe as a whole.
Having extensively researched the suitability of individual assets and set this against the prospects for the overall market, we are then in a position to bid for those properties that we think will add value. For every asset held, a business plan is prepared, identifying opportunities, threats, action points and risks. We review each business plan at least annually, with total return forecasts adjusted and updated. This process ensures that we are confident that we hold quality properties that will continue to contribute towards performance.
Our process does not end there however. We also focus on active management to enhance income and capital growth, maximising potential returns. Added value initiatives include new lettings, renewing or extending leases, refurbishment or redevelopment.
Key responsibilities:
- Working in a team of 5 Research Analysts, independently conducting property market research to add value to the property investment process.
- To develop property portfolio strategies, in close conjunction with fund managers, that will enhance investment returns at controlled levels of risk.
- In conjunction with IPD (an independent performance measurement house), responsibility for delivering accurate and timely performance measurement reports on a number of key funds.
- Consistently deliver strong performance and proven judgement in the field of property market analysis.
- Contribute towards our European quarterly strategic analysis which drives the SWIP Property Team house view of the commercial property market in continental Europe.
- Assist with producing the SWIP European forecasting model.
- Liaise with external consultants and data providers.
- Ad hoc property sector and portfolio analysis
Skills/Experience required:
- Ideally candidates will have research experience within the property investment management industry, however candidates with proven analytical skills coupled with a strong landlord / tenant, investment, management or agency skills will be considered.
- Strong communication skills are essential.
- The ability to work unaided in order to take the initiative in the pursuit of objectives, combined with natural teamwork skills.
- Strong numeracy skills
- Highly motivated with a desire to succeed within a challenging and rewarding environment.
- Expert user of Microsoft Excel and experience of conducting analysis using Excel is essential.
6 month contract (with review to potential extension)
To apply please email your CV to swip.recruitment@swip.com quoting the title in the subject line, for more information contact Stacey Burden on 0131 655 4093
