Investment Manager (Places for London)

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Key Information

Job title: Investment Manager (Places for London)

Salary:  Up to £70,000 depending on experience + TFL Benefits
Grade: Band 3

Contract type: TFL (Places for London)    Reference: 4467

Team: Investment Management                 Directorate: Places for London

Contract details: Permanent                     Location: Victoria Station House /Hybrid*

Application closing date: Friday 12/06/2026 at 23:59 

All offers of employment are subject to satisfactory right‑to‑work checks.  Candidates must be able to demonstrate their right to work in the UK.  At the present time TfL is unable to offer visa sponsorship for this role.   

*Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements.  

About Us 

We’re the property company with big plans for the capital.

For 160 years, Transport for London has kept London moving. It has been one of the city’s biggest innovators. Places for London, the TfL property company, is its latest innovation. We are here to unlock more of the potential of TfL land and create a greener, kinder, and more connected London for everyone. We are wholly owned by TfL but importantly self-funding, with our profits being paid back to TfL to reinvest into the transport network.

We own and manage a diverse and substantial commercial property portfolio in London, more than £1.5bn of asset under management. We also have a significant development pipeline of high-quality offices, homes (for sale, affordable and build to rent) and purpose-built student accommodation in prime transport adjacent locations. This pipeline is set to be delivered by joint ventures between us and best in class delivery partners and create sizable investment and acquisition opportunities.

The critical next phase of our organisation is to curate our portfolio through investment, disposals and acquisitions to create a sustainable long-term endowment to TfL.

We are unashamedly focused on how we deliver for London, not just what we deliver. At Places for London, we celebrate our differences and uniqueness, our public spirit and passion for this city unites us. It’s a place where you’ll be free to express yourself, have the chance to shape your own development and take pride in being part of our team. The energy our people bring is unmatched, and each of us can change this city for the better.

Overview of project/role 

Places for London is looking for a driven and analytical real estate professional to join its Investment Management team at a pivotal stage in its evolution.

The team has recently been established to bring greater focus and discipline to investment strategy, capital allocation and portfolio optimisation across a substantial and diverse property portfolio. As the business embarks on an ambitious growth trajectory, the investment function will play a crucial role in the delivery of Place’s objective to grow asset value from £2bn to £4.1bn by 2035.

The successful candidate will be involved in a range of high-profile investment activity, supporting the development and execution of investment programmes and transactions across a mix of residential, commercial, logistics, retail and alternative use sectors. The position therefore requires strong working knowledge of property market dynamics, investment principles and valuation methodologies across multiple sectors together with the ability to apply this meaningfully in a practical, commercially focused and decision-oriented way.

The Investment Management team operates in a highly collaborative environment, working closely with colleagues across Strategy & Planning, Finance, Property Development and Asset Management functions, as well as external advisors and strategic partners including Transport for London and the Greater London Authority. The role offers significant exposure across the business but demands the ability to work effectively across business functions, influence a broad range of stakeholders and contribute within a multi-disciplinary environment.

Alongside strong analytical capability and commercial awareness, the role requires the confidence to engage in investment discussions, contribute to complex workstreams and bring clear, structured thinking to a wide range of strategic and transactional activity.

This is an incredibly unique opportunity for an ambitious individual looking to accelerate their development through exposure to a diverse portfolio, intricate transactions and a broad range of stakeholders across both the public and private sectors.

Key Accountabilities  

1. Support the ongoing development and delivery of Places for London’s Investment Strategy.
2. Define and support the prioritisation of investment opportunities, helping to establish and deliver a credible investment programme that optimises returns and creates long-term value for the organisation.
3. Lead the delivery of the bi-annual Investment Portfolio valuation process, providing analysis, insight and constructive challenge to valuation outputs to support portfolio optimisation and strategic decision making.
4. Support the delivery of forward fund / forward acquisition transactions, including underwriting and negotiating opportunities and other due diligence activities.
5. Manage asset disposals in collaboration with sector-specific asset managers to achieve capital receipt targets and enhance portfolio performance.

Skills, Knowledge & Experience  

Skills

• A strategic and analytical mindset, with the ability to apply this across a broad range of market sectors.
• A strong self-motivator, willing to grow a new area of the business, develop a strong and persuasive evidence-based proposal and able to influence senior leadership decision-making.
• Demonstrate excellent cross-functional team working, as the role will interface heavily with other business units across Places. Ability to build and maintain a wide network of internal and external relationships, and act as ambassador for Places for London and TfL, where appropriate.
• Good project management skills to manage substantial business programmes.
• Excellent oral and written communication skills, with an ability to work and think accurately in high-pressure situations; and
• Good numeracy and IT skills and well-organised.

Knowledge

• Strong understanding of property market dynamics and supply / demand characteristics for the key property investment sectors, including residential (build to rent, PBSA, Later Living), commercial, industrial, retails and alternatives.
• Broad knowledge and understanding of key legislation and structural changes to real estate driving change in the property industry.
• Good understanding of core property investment concepts, including financial investment metrics.   
• Good working knowledge of core property valuation techniques; and
• Good knowledge of best practice in programme delivery and management

Experience

• Developing and implementing an investment strategy and embedding in a business planning process.
• Transactional experience across a range of structures and delivery mechanisms.
• Valuing commercial real estate assets through a range of methodologies.
• Supporting complex programmes with a significant number of stakeholders.
• Reporting to senior leadership on complex topics in a clear and concise manner.
• Handling a varied workload comprising at any one-time cases requiring a significant range of professional knowledge and judgement.

Application Process 

• Please apply using both your CV and a two-page covering letter.

• Think carefully about the skills, knowledge and experience in the advert and cover this in your CV/Cover Letter 

• PDF format preferred and do not include any photographs or images 

Equality, diversity and inclusion 

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair. 

Vetting Process 

At Transport for London, safety, trust and fairness sit at the heart of how we recruit. Our Vetting Charter  (https://tfl.gov.uk/corporate/careers/our-vetting-process) explains the checks we carry out before you join us, helping ensure we create a safe, inclusive and reliable network for everyone who depends on our services. We simply ask that the information you provide is honest and accurate so we can progress your application smoothly. If something doesn’t match or can’t be verified, we may not be able to move forward with your application, but we’ll always treat you with transparency, respect, and clear communication throughout. 

Benefits  
In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow.  Rewards vary according to the level of role but mostly include the below:
 
Final salary pension scheme 
Free travel for you on the TfL network 
Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
30 days annual leave plus public and bank holidays 
TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
Private healthcare discounted scheme (optional) 
Tax-efficient cycle-to-work programme
Retail, health, leisure and travel offers 
Discounted Eurostar travel
 
We will make every effort to give you as much notice as possible, however some interviews/assessments could be organised at short notice.