The Mailbox - Estate Director

The Mailbox - Estate Director

Estate Director The Mailbox

Contents Welcome

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About JLL

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About Brockton Capital

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About The Mailbox

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Job description

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Programme Timeline & Application Process

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Dear Applicant, Thank you for taking the opportunity to consider applying for the appointment of Estate Director for The Mailbox. The Mailbox, located in Birmingham City Centre a few minutes’ walk from New Street Station, is the UK’s largest mixed-use asset outside London. The Estate occupies approximately a 4.8 acre site in the City Centre, providing just under 700,000sq ft of office space, restaurants/bars, cinema, retail and car parking, in addition to hotels and residential. This is a rare opportunity to work hand in glove with Brockton Capital to manage this highly prestigious and iconic Estate whilst sitting within the hugely successful JLL business.

specialising in real estate services and investment management. They have more than 70,000 people in more than 1,000 locations in 80 countries serving the local,

regional and global real estate needs of their clients. JLL is an acknowledged industry specialist in Property and Asset Management for property investors. They are dedicated to adding value to their clients’ assets, reducing operational risk and maximising value for money through the delivery of high quality landlord services to occupational tenants. With over 600 experienced, office-based staff and 650 site-based personnel operating across its extensive UK regional service platform, JLL provide a consistent, market-leading service across all sectors and geographies, managing commercial and retail assets for leading UK and international fund managers, property companies, the government, banks, receivers and financial institutions. JLL’s service is co-ordinated and delivered by bespoke service delivery teams located across their regional network of offices and their headquarters in Central London.

Brockton Capital LLP was formed in 2005 by Jason Blank and David Marks with a clear philosophy to invest in direct property, asset-backed operating businesses, and property-related capital markets securities within the UK.

The Brockton funds invest across all real estate sectors, typically into significant properties that have a large degree of asset management initiatives to undertake at either the capital structure, building structure, planning or occupier level. Brockton’s asset management approach is focused on fundamentals including a flexible approach to leasing, an enhancement of environmental performance and facilities management, increasing net lettable/saleable space, planning upside and change of use. Brockton aim to increase both the top-line revenue growth and bottom-line NOI growth of the buildings (and operating businesses) that the Brockton funds own. Funds advised by Brockton Capital LLP have raised equity totalling c.£1.50bn. In 2015, Brockton Capital Fund III LP raised c.£860m of equity from a wide range of pension funds, insurance companies, endowments and private family offices around the globe. Brockton Capital raised two previous funds: a £135m fund in 2006 and a £500m fund in 2010.

History The Mailbox building itself was originally the Royal Mail’s main sorting office for Birmingham which was completed in the 1970’s. The sorting office was redeveloped as The Mailbox in the late 1990’s. It is thanks to its original use as a sorting office that The Mailbox benefits from such enormous scale and volume. The Mailbox today is home to high quality office occupiers including the BBC, Advanced and Associated Architects, 24 restaurants/cafes/bars including two Michelin- starred chefs; a boutique Everyman Cinema; a beautifully designed retail space catering to luxury and aspirational fashion and lifestyle brands from Harvey Nichols to Paul Smith, Hugo Boss and Heals; Birmingham’s leading 24/7 car park; two hotels; and 144 apartments.

Estate Director - Role Description Role Summary

Lead a high quality team of people, together ensuring The Mailbox is a highly desirable, safe and forward-thinking environment for occupiers to run their business; retailers and restaurants to successfully trade and showcase their brands; and customers to shop, visit, relax, work, and stay. The Mailbox is a high end Mixed use Scheme comprising of Retail, Leisure, Office, Residential and Hotels. Jones Lang LaSalle is responsible to its client for the general administration, operations and management of the Estate. As such it is concerned with providing high quality customer service and the maintenance/management of common areas, the services and facilities and ensuring that tenants fulfil their covenants and obligations as laid down in their individual lease and the Estate Regulations. In addition the Managing Agent is responsible for administering rent, service charge and Insurance accounts at the Estate. The Managing Agent will also oversee and manage on site employees. A Portfolio Manager is appointed to represent the Managing Agent and is responsible for all of the above. The intention is that the Estate Director is a collegiate role working with all staff on site and the Portfolio Manager, and Clients / Owners who will operate as a united team in order to operate the Estate as an effective trading proposition and a profitable business aimed at maximising Client investment income and value while providing a high quality customer experience. Key Responsibilities and Deliverables - Continual improvement and quality - In conjunction with JLL property Manager provide an interface with Client on delivery of services and working relationships, and to provide (on request) general guidance to client - Administrative accounting and accurate financial reporting detail - Health & Safety

- Relationships with local authorities and key stakeholders - Strategic input into any building projects for the Estate - Management of on-site Estate Staff - Preparation of monthly operational reports

- Liaison on all security matter including NICC, Natsco/CTU and the Police - Liaison with other local stakeholders and schemes in the city centre Estate Director Responsibilities Principal: To drive the trading performance of the Estate.

Account Reporting: To provide accurate and timely compilation of accounting, turnover and footfall >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12

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