Commercial Real Estate Graduate Scheme

Executive Mandate Specification

Commercial Real Estate

Build the city for everyone.

Entry requirements

A minimum degree of 2:2 or a Masters in the following: Estate Management, Property Management, Real Estate and Real Estate Management, or a similar Royal Institution of Chartered Surveyors (RICS) accredited degree.

What qualifications will I gain? (Delete if not applicable)

On joining TfL, graduates will commence training for their RICS Assessment of Professional Competence (APC) on the Commercial Real Estate pathway.

Location

Victoria, London/ hybrid

Duration

2 years

Salary

£28,500 (increase to £30,000)

Start Date: September 2023

Job overview

TTL Properties are building a better London. Not only is TfL responsible for over 30 million journeys every day, we’re also one of London’s largest landowners and have recently established a new property business (TTL Properties).

We own a 5,700 acre estate that includes land and properties with huge potential for creating the homes and jobs that the Capital needs. Despite being a new business, we already have plans to build 20,000 homes (50% affordable) and almost 1m sq ft of office space.

Property is at the heart of solving some of our City’s biggest challenges – housing pressures, TfL’s financial sustainability, and the need to keep London moving, working and growing. Our teams focus on generating non-fare related revenue for the organisation and all profits are reinvested back into the transport network.

What will I be doing?

As a graduate, your two-year development programme will be made up of up to four placement rotations. Our aim is to equip you with the range of skills and experience you need for your successful career.

We also understand that everyone’s career is different, so every graduate’s journey is unique. Here’s an idea of what your first year on the scheme could look like:

Year 1

Placement 1 – Commercial Property Management - 6 months

Focused on the renewal of excluded and protected leases, you’ll be undertaking the rent reviews, lease assignments, licences to alter, inspections and measurements. You’ll also maintain and observe the Health and Safety regulations and manage the maintenance of the building using a service charge budget.

Placement 2 – Commercial Asset Management – 6 months

You’ll undertake asset strategies and projects, including refurbishments and unit amalgamation, lettings, market liaison, valuations, business planning, budgeting and associated place making aligned to our customer strategy.

Year 2

Placement 3 – Property Development - 6 months

You’ll carry out development appraisals, including carrying out inspections and measurements for the purpose of valuation. A primary role will also involve working within planning regulations and policies. You’ll receive training on the valuation tool Argus.

Placement 4 –Operational Property – 6 months

Depending on your chosen APC competencies, you may gain experience in rating or compulsory purchase orders (CPO). In addition, you’ll liaise with third party surveyors on dilapidations, service charges, inspections and measurements. You’ll get the unique experience of acting as agent for both landlord and tenant.

All graduates start their programme in the Commercial Property Management team. Following placements will be mutually agreed to ensure you gain experience on the widest possible range of technologies, tools and teams. In your second year, you’ll have the opportunity to tailor your programme to closely match your needs and interests.

Where can this career take me?

Property provides a fantastic opportunity to make a difference using your own skill set. There are many avenues to pursue and a myriad of options depending on the choices you take and the work you choose to get involved with. At TfL, we provide the opportunity to gain qualifications and develop a career in the property world through our diverse teams.

Upon successfully completing the graduate scheme, you’ll join one of the various property teams within TTL Properties. There you’ll be supported to pass your RICS APC and gain your chartership.

Over the next five years, successful graduates will work towards becoming a Senior Surveyor or Development Manager and will be developing their leadership, technical and professional skills through on-the-job training.

What training and support will you get?

Whilst on the scheme, we’ll support your technical development through a wide range of on-the-job practical experiences and placements. We’ll also support your professional development through a combination of classroom-led training courses, online training courses, mentoring opportunities and structured networking opportunities.

You’ll receive one-to-one support throughout the programme from:

· the TTL Properties Graduate & Apprentice Sponsors

· your Line Manager and Placement Manager,

· RICS accredited professionals at TfL, including an appointed counsellor and supervisor, who’ll be able to advise you throughout your APC training

· a ‘buddy’ who’ll be an alumnus from the scheme.

We also have an established Graduate and Apprentice Committee and Alumni group, who organise informative events to enhance your understanding of the organisation and provide opportunities to develop your career. They also provide valuable support for the wellbeing of current graduates.

What do we look for?

Everything we do as an organisation is to ensure that our evolving city remains future-proof for millions of Londoners. Our talented graduates form a vital part of that vision, so it’s important that we find the best people to help us do this. We’re looking for people who:

· Take accountability for their work and are flexible when dealing with the unexpected

· Have a desire to keep learning, be organised and have good attention to detail

· Relish a challenge, display enthusiasm and drive, and enjoy working with people

As a member of the team, we’ll give you responsibility and the opportunity to add value from day one. If you’re excited by inspiring and influencing the future of London and are up for a challenge and thrive under pressure, then this is the career path for you.

Job Types: Full-time, Graduate

Salary: From £28,500.00 per year

Benefits:

• Work from home

Schedule:

• Monday to Friday

Ability to commute/relocate:

• London, Greater London: reliably commute or plan to relocate before starting work (required)

Expected start date: 04/09/2023

Statutory Executive Benefits & Governance

• Executive Health, Vision & Dental Coverage with Global Provider Options
• Corporate Pension Auto-Enrolment / 401(k) Retirement Plan with Fiduciary Matching
• Annual Discretionary Performance Incentive & Long-Term Equity Participation
• Executive Leave Allotment, Statutory Holidays & Dedicated Health Care Reserves
• US Department of Labor & E-Verify Work Authorization Sponsorship