Director of Property Development

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, bringing key stakeholders with you on our ambitious change journey.
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. These are key projects with purpose for our City and as Director of Property Development you will drive this ambition forward, As the Director of Property Development you will be responsible for circa 75 staff with 6 - 8 direct reports.
You will be directly accountable and responsible for developing TfL's extensive property portfolio. You will successfully deliver against budget, the Government and Mayoral housing target .
Leadership is key. We thrive on creating an inclusive culture and leading through our people. You will be responsible for managing relationships with senior business, property executives whilst managing your own direct and indirect team members. You will engage with senior operational Directors in TfL as well as be responsible for negotiating commercial terms, development agreements and contracts to maximise the value for Places for London. You will sit as a Director on external Joint Venture boards, representing Places for London's shareholder interest on ventures with values that may exceed £1bn., For a more detailed copy of the job description, please contact Jay Patel or the Executive Recruitment Team on
Equality, Diversity and Inclusion
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. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria.
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.
NPL Applications:
Applications to internally advertised roles can only be accepted from temporary workers who are on PAYE terms via agency, or PAYE via Umbrella Companies. Temporary workers who are paid through their own limited companies are not covered by the Agency Worker Regulations and are ineligible to apply.
NPL members of staff are not eligible to apply to secondment opportunities.
We will make every effort to give you as much notice as possible, however some interviews/assessments could be organised at short notice.
Additional Information - Eligibility
Probation:
In line with our Resourcing Policy (Feb 2014), internal employees are required to complete their probationary period before applying for internal TfL positions. Please ensure you have successfully completed your probation before submitting an application for this role, otherwise your application may be withdrawn.
Formal Warnings:
Internal employees with any current formal warnings are not eligible to apply for internal TfL vacancies until expiry of the warning. Ineligible applications may be withdrawn. Details of what is defined as a current formal warning can be found on Platform: https://transportforlondon.sharepoint.com/sites/Instructions-and-guidance-people-performance-and-rewards/SitePages/Applying-for-a-vacancy-with-a-formal-warning.aspx

As Director of Property, you will be able to demonstrate leadership of a property development function capable of delivering substantial revenue growth (essential).
You will have the experience of having and managed large scale property development and multidisciplinary project teams (essential). You will ensure our people are the key to making the vision a reality and lead on making the Places for London Family a diverse, inclusive, and great place to work.
We are looking for someone to demonstrate strong negotiation, deal execution and analytical skills, using a variety of strategic, operational and financial techniques (essential).
It is essential you successfully have delivery against large budgets and able to manage contracts effectively. It is also critical you are able demonstrate the management of property partners and leading them to effectively partner with a public sector organisation.
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; as well as knowledge of the key economic models within a complex construction and engineering-based investment programme is essential.
Driving strategic planning for London is highly desirable.
Ideally, you will be educated to degree level ideally an engineering / business administration degree or equivalent professional qualification as well as being a Member of Royal Institution of Chartered Surveyors (MRICS).

Welcome to Places for London, TfL's property company, where your career can make a meaningful impact on the landscape of a global city. As an integral part of the London community, 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 and reimagining what is possible. We prioritise innovation, sustainability and community engagement whilst fostering a collaborative and inclusive work environment. If you have the ambition to be part of a property company with significant impact, please join us as our new Director of Property and Development.