Position: Intern
Department: Asset Management / Acquisitions & Development / Portfolio Management
Location: London
Company Profile
Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first-class real estate worldwide. Since its founding in 1978, the firm has acquired, developed and managed a portfolio of over 257 investments involving 362 projects, totaling over 12.17 million square meters valued at over $ 68.1 billion.
Active across North America, Europe, South America, and Asia, Tishman Speyer’s signature assets include New York’s Rockefeller Center, Frankfurt’s TaunusTurm, Berlin’s Q205, Sao Paulo’s Torre Norte, and AQWA Corporate in Rio de Janeiro.
Responsibilities of the Role
Assist in conducting performance calculations for each TS asset:
Support the various teams in Leasing, Property Management, Finance, Construction, Tax and Accounting teams to gather data relevant to each asset
Assist with updating financial models and returns calculations on a quarterly basis
Work with Portfolio Management to evaluate current property values
Support the review of all asset materials to ensure total accuracy
Assist in dispositions process:
Help create sale memoranda and data room
Support in analyzing offers and run different exit strategies
Assist in creating presentations and reporting
Support the preparation of information for senior management to take important strategic decisions regarding assets
Assist in the creation of relevant presentations and memoranda for internal or external use
Create and update reporting (investors, banks, administration)
Support the preparation of reports for investors.
Support the conduct of property inspections and operations review
Review documentation (leases, contracts, condition reports)
Other
Assist in financing and refinancing processes
Assist in yearly budgeting campaign
Assist in leasing and marketing campaigns
Undertake market research and survey market rents, inventory, absorption, new construction
Assist in assuring that all building data is current, accurate and resident on the Web platform at all times
Assist in evaluation of acquisitions
Work with the other functions within TS (leasing, property management, asset management, and construction) to gather data relevant to asset valuation
Help to develop asset acquisition financial analysis
Help to create multiple scenarios using different finance strategies
Assist in the due diligence process
Create and manage the detailed financial models
Incorporate the results from the other TS function into the financial analysis
Develop and maintain documentation
Attend meetings with sellers, brokers and attorneys
Undertake market research and maintain a data base of key transactions
Review critical issue reports, newsletters, and publications to stay current re: TS specific and industry related issues
Survey market rents, inventory, absorption, new construction
Update/maintain internal market database
Required Skills / Experience
The candidate will interact with colleagues throughout the organisation and therefore should be articulate, with the ability to communicate effectively across all functions and levels, including senior management.
Required for the role is:
A good understanding of European Real Estate investment markets and metrics.
Strong quantitative and analytical skills
Financial modeling skills including a high degree of proficiency with Excel, PowerPoint, Word.
Demonstrable ability to think strategically and to present information in a clear and concise manner.
Demonstrated initiative and sound judgment in managing multiple tasks.
Strong problem solving skills.
Good listening skills and responsiveness,
Well-organised with exceptional attention to detail
The ability to work independently and proactively.
Desirable but not essential:
An understanding of real estate development would also be advantageous but is not essential.
Commercial real estate know-how
Other languages
Tishman Speyer is an Equal Opportunity Employer and shall treat all applicants for employment equally based upon job-related qualifications and without regards to race, color, age, sexual orientation, marital status, military or veteran status, national origin, disability, religion, or any other characteristic protected by law.