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Group Real Estate Regional Lead, AsPac

Group Real Estate Regional Lead, AsPac

  • Location Singapore - Flexible
  • Travel required Yes - up to 25%
  • Job category Business Support Group
  • Relocation available No
  • Job type Professionals
  • Job code 139821BR
  • Experience level Senior
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Job summary

As bp undertakes a fundamental restructure to its whole business and reinvents to drive to a net zero ambition by 2050 or sooner, the workplace within bp and also need to change to align with this ambition.
The working practices and office designs of today will not be those that are required into the future. Increased flexibility and choice for our people, allied to dynamic, creative human & engaging workplaces in smaller footprints across the globe is what is required to support our ambition.

The Group Real Estate (GRE) function has a key role in the workplace and provides;
  • Subject matter expertise for all real estate matters
  • Strategic portfolio planning and portfolio optimisation
  • Real estate transaction management, including acquisitions, renewals, restructures and disposals
  • Market aligned corporate real estate best practice, innovation and implementation
  • A consistent approach globally to the delivery of real estate work within bp
  • Identification of market opportunities and/or contractual opportunities across the office portfolio
  • Risk mitigation of conflicts of interest, ethics and compliance in the conduct of real estate activities contrary to bp’s code of conduct
The real estate team form part of the wider transformation and solutions global team and provides deep real estate expertise as the subject matter expert. The successful candidate will work closely with the Capital Project Team, the regional workplace solutions FM lead, the design and workplace change management teams to help develop and deliver holistic real estate and workplace solutions.

The Group Real Estate Regional Lead – AsPac role will have accountability for all activity relating to the planning and execution of real property transactions, across all bp business units and functions in AsPac. Real property includes offices, warehouse, industrial property, operational property, retired sites, and all land, but excludes retail service stations, pipeline rights-of-way, environmental remediation sites, aviation sites, and operating P&O production fields.

The AsPac office portfolio comprises of 15 countries, 47 office interests with space totalling 1.1m sq.ft. There is also a significant portfolio growing renewable assets, land, warehousing and other industrial real estate in region where GRE provides Subject Matter Expert support.

Key Accountabilities

  • Build and develop relationships with business leaders and other key stakeholders and develop property strategies
  • Build, liaise and maintain working relationships with the workplace transformation and solutions teams, Legal, Treasury, Finance, Tax, M&A and other support functions to aid and facilitate the delivery of real estate transactions.
  • Lead and act as the single point of contact for individual real estate transactions and coordinate internal and external resources; and lead the fully outsourced transaction teams and brokers.
  • Manage all elements of acquisition and disposal of real property, including the financial evaluation, preparation of statements of requirement, technical due diligence, providing guidance on property options, managing letters of intent, RFPs, lease agreement negotiations, purchase & sale contract terms and conditions.
  • Performance manage the external brokers, suppliers, consultants, and agents in the transaction management of the portfolio including new lease requirements, renewals, sub-lettings, lease surrenders and other property matters. Develop and implement corporate real estate best practice.
  • Motivate outsourced suppliers to derive optimal performance and results. Support the global lead in the performance management of the brokers, preparing quarterly management reviews.
  • Lead the database management and MI reporting for the AsPac region. Manage the database outsource provider and undertake monthly and quarterly critical event meetings and reviews. Liaise with business stakeholders in order to collect key property data to ensure accuracy of the portfolio data.
  • To champion and ensure compliance with all bp and GRE standard operating procedures, processes and HSSE requirements
  • The Group Real Estate Regional Lead, Aspac, will work very closely with the other GRE regions and the wider workplace teams to ensure consistency of approach, analysis of cross region property opportunities/strategy options and leverage of bp scale.

Essential Education and Job Experience
  • Demonstrable at least 10 years of experience in corporate real estate strategy, real estate transactions for a major corporate entity
  • Outstanding stakeholder engagement skills, building sustainable networks of using high EQ
  • An inquisitive yet respectful mindset, continually promoting innovation and continuous improvement
  • Proven ability to deliver a multi-disciplinary approach to corporate real estate transactions, providing a holistic approach to property within established processes
  • Entrepreneurial thinking, demonstrating extensive understanding of business interconnectivity and the ability to act upon this understanding
  • Strong contract negotiation and influencing skills, derived from a strong working knowledge of commercial property practices, development and valuation across the AsPac region
  • Well-developed interpersonal communication style and demonstrable inclusive leadership skills

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