Job Information
Nuveen Investments Real Estate Associate, Investment and Asset Management, Nordics in Hellerup, Denmark
Join an entrepreneurial team within Nuveen Real Estate, one of the largest investment managers in the world with $147 billion of assets under management.
With over 85 years of real estate investing experience and more than 785 employees located across over 30 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.
The Nordic team is made of 4 professionals, €2.0 billion of assets across asset classes across all the Nordic countries. The team is made up of investment and asset management professionals placed in Helsinki and Copenhagen.
Overview of the Role
The Associate will be part of a dynamic team working on active asset- and portfolio management across the region and sectors, with a primary focus on the logistics, housing and alternative real estate exposure. This includes regular dialogue with operating partners, property managers and internal Nuveen stakeholders, to ensure we are able to deliver attractive returns to investors.
Moreover, the Associate is expected to build relations across the region to support the sourcing of new investments and ensure that the Nuveen brand is well regarded.
The person fulfilling the role will work alongside several of the sector specific European teams to ensure that Nuveen is able to manoeuvre its investment themes in the Nordic region, and also the ensure that we constantly are able to focus our assessment of sectors targets from acquisition and disposal perspective.
The teams are spread across multiple European locations, with the main investment management hub being based in London, fund management and analyst support in London & Frankfurt, and back office support in London and Luxembourg. Regular dialogue and supporting these teams are key to succeed in the role.
Main Duties and Responsibilities
Investment
Building a network across the Nordic region across sectors between agents, operating partners, investment banks and similar to ensure that Nuveen get access to a preferential pipeline
Be instrumental in the investment review process from a financial modelling and investor presentation perspective. High quality financial modelling and presentation skills required
Be able to take ownership of due diligence efforts performed during both acquisition and divestment processes
Assist with liquidity events, including refinancing or disposal.
Asset management
Direct involvement and responsibilities for new and ongoing asset management initiatives, including communicating with third-party teams, in-house counsel and third-party legal teams;
Oversight of third-party leasing teams, property management supporting the assets;
Design and administration of capital expenditures decisions within the portfolio and working with the NRE development team on oversight and guidance to all third-party construction managers, contractors;
Oversee third party operating partners to execute the business plan (leasing activity, capex activity, operating activity) and review quarterly reporting for content and accuracy
Manage the annual budget process, reforecasting and strategic plan for assets under management, as well as regular updates on actuals versus budgets
Be a point person towards external lender relations for regular reporting and performance update on existing assets (compliance reporting, monitor debt covenants, debt service, performance updates)
Responsible for accuracy and timeliness of management reporting on the portfolio, as well as assisting in the compilation of internal asset management portfolio reports.
Liaise with property appraisers on valuation process, providing relevant updates, reviewing methodology and validating outputs.
Maintaining and applying strong local market knowledge (i.e., competition, supply pipeline, demand drivers, major tenants, market absorption).
Technical Skills & Qualifications Required
Strong knowledge of the Nordic real estate investment and occupier markets, across all sectors
Proven ability to animate an agent network, screen the market, look for new investment opportunities and follow them up
Proven ability to ‘hands on’ asset management, and efficient dialogues with operating partners
Some abilities for development management would be appreciated
Strong knowledge of local regulations
Competencies Required
Very strong financial, analytical and modelling skills
Strong communication and negotiation skills
Fluent English speaker, alongside preferable knowledge to one or two Nordic languages
Good team player contributing to the success of Nuveen Real Estate (the role involves regular liaison with regional offices)
Act in line with Nuveen Real Estate’s Company Values
Given the Nordic exposure of the platform, regular travel across the Nordic region, alongside frequent visits to the main Nuveen hubs in Europe is required
Additional Information
This role requires no regulatory designation.
Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
Nuveen offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. Please contact ta@nuveenglobal.com should you require any assistance.
Related Skills
Adaptability, Asset/Investment Modeling, Business Development, Communication, Due Diligence, Financial Acumen, Financial Risk Management, Investment Management, Investment Performance Reporting, Investment Reporting Oversight, Market/Industry Dynamics, Negotiation, Opportunity Strategy, Real Estate Investments, Underwriting
Company Overview
Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at www.nuveen.com
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of TIAA Global Capabilities, click here (https://www.tiaa.org/public/support/privacy/tiaa-global-capabilities-privacy-notice) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
TIAA started out over 100 years ago to help ensure teachers could retire with dignity. Today, many people who work at not-for-profits rely on our wide range of financial products and services to support and strengthen their financial well-being.
Privacy Notices
For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here (https://www.tiaa.org/public/tiaa-nuveen-privacy) .
For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here (https://www.tiaa.org/public/tiaa-nuveen-ca-privacy) .
For Applicants of TIAA Global Capabilities, click here (https://www.tiaa.org/public/support/privacy/tiaa-global-capabilities-privacy-notice) .
For Applicants of Nuveen residing in Europe and APAC, please click here (https://www.tiaa.org/public/nuveen-eu-uk-privacy) .
Nondiscrimination & Equal Opportunity Employment
TIAA is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
EEO is the Law (https://assets.phenompeople.com/CareerConnectResources/TIAAGLOBAL/documents/22-088_EEOC_KnowYourRights-1688394514088.pdf)
Pay Transparency
Philadelphia Ban the Box (https://www.phila.gov/media/20210423160847/Fair-Chance-Hiring-law-poster.pdf)