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Property Portfolio Manager - Stellenbosch

  • Stellenbosch
  • Salary: Market Related
  • Job Type: Permanent
  • Sectors: Retail
  • Reference: copy-918786

Apply before May 15 2026 | 59 Days left

Apply

Vacancy Details

Employer: Michelle Cloete Consulting Pty Ltd

The primary objective of this role is to take absolute ownership of the portfolio’s financial performance (with a strict focus on maximizing Net Operating Income), drive tenant retention strategies across varying asset classes, and ensure rigorous operational and statutory compliance.

KPA's:

Financial & Commercial Management (NOI Optimization)

  • Budgeting & Forecasting: Prepare, manage, and take ultimate accountability for the annual income and expenditure budgets across all assets in the portfolio.
  • NOI Growth: Identify and implement strategies to maximize Net Operating Income by driving rental growth, reducing vacancies, and strictly controlling operating expenses without compromising asset quality.
  • Reporting: Compile monthly management reports for the Regional Head, detailing financial performance, variance analysis, leasing activity, and risk mitigation strategies

Tenant Retention & Relationship Management

  • Stakeholder Engagement: Act as the point of escalation and relationship manager for key tenants across the Commercial, Retail, Industrial, PBSA, and Residential sectors.
  • Retention Strategies: Proactively manage lease expiries. Initiate renewal negotiations well in advance (tailored to the specific asset class) to maximize the Weighted Average Lease Expiry (WALE) and minimize void periods.
  •  
  • Leasing & Marketing
  • Vacancy Management: Drive the letting of vacant space. Appoint, brief, and manage external leasing brokers where necessary, while actively pursuing direct deals.
  • Lease Negotiation: Negotiate commercial terms (rentals, escalations, Tenant Installation allowances, beneficial occupation) in line with approved mandates.

Operational & Facilities Oversight (Matrix Management)

  • Functional Direction: Provide strategic and functional oversight to the dedicated Facilities Manager, ensuring the physical assets are maintained to the highest standards.
  • SLA Management: Ensure that shared services (FM) and external contractors adhere to strict Service Level Agreements (SLAs) regarding planned preventative maintenance (PPM), reactive maintenance, cleaning, and security.

Leadership & People Management

  • Direct Supervision: Lead, mentor, and manage the performance of the Property Administrator, ensuring high standards in lease administration, query resolution, and day-to-day tenant communication.
  • Cross-Functional Collaboration: Foster a highly collaborative environment between Property Management, Facilities Management, and Finance to ensure a seamless, "one-team" approach to portfolio management.
  • Performance Reviews: Conduct regular KPIs assessments and development discussions with direct reports.

Required Skills

  • Asset Management: 4 to 5 years
  • Property Finance: 4 to 5 years
  • Budgeting Management: 4 to 5 years
  • Stakeholder Relationship Management Skills: 4 to 5 years

Candidate Requirements

Mimimum requirements:

Bachelor’s Degree in Property Studies, Real Estate, Finance, or Business Management

Experience:

  • Minimum of 5–7 years of experience in a Property Portfolio Management or similar role.
  • Crucial: Proven experience managing a diverse, multi-sector portfolio. Specific exposure to Private Student Accommodation (PBSA) and Retail alongside traditional Commercial/Industrial assets will be a distinct advantage.
  • Demonstrated experience holding bottom-line accountability for NOI and financial reporting.
  • Experience in matrix management (collaborating with and directing shared services/facilities teams).

Skills & Competencies:

  1. Deep understanding of commercial property law, lease agreements, and the Consumer Protection Act (CPA) / Rental Housing Act (RHA) as it applies to the residential/student components.
  2. Strong financial acumen with the ability to interpret income statements, manage budgets, and calculate yields.
  3. Excellent negotiation and conflict-resolution skills.
  4. High EQ with the ability to adapt communication styles across a diverse tenant base (from corporate CEOs to university students).
  5. Proficiency in MDA, MRI

Apply

2 people have applied for this job. 102 people have viewed this job.

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About Careers24.com

  • Careers24 is a leading South African job portal that assists jobseekers from all sectors and experience levels to find and apply for vacancies from hundreds of South Africa’s leading companies. With over a million visitors a month, we are one of the most popular destinations to find employment online in South Africa.

    Our mission is to become the destination where every candidate can find an ideal job and where every company can find the perfect candidate. We are a proud member of the Media24 family and part of the Naspers group of companies.

Company

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