At 19, Lauren decided that she wasn’t enjoying her architecture degree and it was time to try a new career. Now, 10 years on, Lauren has climbed the property ladder and is a property asset manager at Stockland, a property firm specialising in the design, development and management of large-scale projects. In this role she manages five large commercial properties in St Leonards and North Sydney.
I manage five assets ranging from 5000 up to 20 000 square metres in area. This involves negotiating leases, dealing with the day-to-day management of tenants’ needs, and managing the movement of tenants if they need to expand, contract or leave their leased area
To find tenants and keep the building fully let as often as possible, I have to have a really good understanding of the market and market movement. I need to understand rents and what rates can be expected in different areas, and I also need to have a fairly close working relationship with my tenants to understand the needs and requirements of their businesses.
I enjoy meeting new clients. I am exposed to a lot of different companies in different industries so I get a wide picture of what goes on in the business world, and I like being able to assist those companies to grow and make their working environment better.
Stockland are very big on bringing people up through the ranks, exposing them to different parts of the business and providing opportunities to move into other parts of the business. Having the four businesses allows you to move into office management, retail or industrial asset management, or residential development. The next step up from my role is a senior asset manager position, overseeing a portfolio and the asset managers working on that portfolio. It entails providing guidance and overall knowledge of the markets that we’re involved in. From there I could become a portfolio manager, which is another level up and a more financial-based role. It involves acquiring new buildings or redeveloping existing ones.
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