Head of Development

Seoul

Location

Seoul

Salary

Excellent remuneration and benefits package provided

Job Type

Permanent

Reference

72588

Job Summary

Head of Development
South Korea
 
M&C are working with a newly established platform which was formed by a joint venture between, a leading global growth private equity firm, and, a market leading logistics warehouse developer and operator in South Korea. They are an integrated developer, operator and investment manager of institutional-quality logistics warehouses and related industrial properties across key sub-markets in South Korea. As of 2024 they are also a licensed asset management company.
 
Their business spans the entire warehouse development and investment life-cycle from deal sourcing, due diligence, sophisticated deal execution, permitting and development management, leasing, and asset and fund management. Their combined global and local experience and expertise allow them to build substantive and sustainable businesses for their partners.
 
Responsibilities:
 
  • Working in Development Management, you are responsible for managing multiple real estate development and/or redevelopment projects.
  • Research potential land/development sites and coordinate with acquisition team
  • During pre-acquisition coordinate all underwriting aspects and build project proformas: market research, municipal requirements, zoning, entitlements, site constraints, development budget, development schedule, construction budget, construction schedule, operating budget, and financial assumptions
  • Gain entitlements for development projects through governmental agencies, formulate strategies, and direct internal and external development teams as needed
  • Perform all predevelopment activities including feasibility, oversee design, layout and entitlement, permitting and due diligence. With senior management and consultant team determine and program the scope, quality and design of projects
  • Work with senior management on the final development agreements and any easement agreements that need to be obtained
  • Coordinate with team members on any loan requirements throughout the process
  • Execute and refine business plan (process entitlements and position for joint venture or sale; process entitlement and perform vertical construction). Develop and refine plans, designs, cost estimates, permitting and projects timelines during the pre-construction period
  • Coordinate with Property Management and Asset Management on operating budget assumptions, including rents and concessions, and lease-up schedule throughout the lease-up process to verify accuracy of the underwriting assumptions
  • Conduct coordination meetings between construction management team members and Property Management to keep the project on track and address any issues that arise
  • Responsible for maintaining and acquiring all documents for final project close-out, including keeping track of all outstanding letters of credit or bond that needed to be posted
 
Qualifications:

  • Bachelor's or master's degree in real estate development, urban planning, architecture, engineering or a related field.
  • Proven experience in real estate development, including project management, feasibility analysis, and construction oversight. Logistics and Industrial development experience would be advantageous.
  • Strong knowledge of the South Korean real estate market, including local regulations, zoning codes, and permitting processes.
  • Proficiency in financial analysis and modeling, with the ability to evaluate investment returns and assess project feasibility.
  • Excellent communication and negotiation skills, with the ability to effectively collaborate with stakeholders at all levels.
  • Strong organizational and time management skills, with the ability to prioritize tasks and manage multiple projects simultaneously
Oliver Pointon

Hong Kong

Oliver Pointon

Associate Director

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