Senior Development Manager (Commercial Real Estate)
Added 20 May · still live
Likely
Sponsorship likelihood
This employer has issued visas recently
Not disclosed
Salary
Not disclosed by employer
£53,400
Going rate
Skilled Worker going rate
This role likely qualifies for a Skilled Worker visa
SOC 1122 (85% match) is an eligible occupation, with a going rate of £53,400, and Realty Income Corporation is a licensed sponsor. That is our reading of the rules. Whether they issue a Certificate of Sponsorship is still their call.
This could also be SOC 2455 (Construction project managers and related professionals, If the main duty is managing construction projects on site). We read the code off the advert, so it is our best guess, not the employer's.
Your salary route
New graduate or PhD holder? Pick one of the lower rates.
What each route needs for this job
| Occupation code | New entrant 70% of going rate | STEM PhD 80% of going rate | Relevant PhD 90% of going rate | Standard rate 100% of going rate |
|---|---|---|---|---|
1122 Production managers and directors in construction Most likely code | £37,400 | £42,700 | £48,100 | £53,400 |
2455 Construction project managers and related professionals Also possible | £33,400 | £35,400 | £39,900 | £44,300 |
We use the lowest threshold across the plausible codes. Likelihood is Possible at most when the pay clears only a lower rate, or only under a less likely code. How the Home Office picks the code
About the role
About Realty Income
Realty Income (NYSE: O), an S&P 500 company, is a real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of 15,600 properties in all 50 U.S. states, the UK and six other countries in Europe, with a gross book value $58bn. We are known as "The Monthly Dividend Company®” and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared 656 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index, having increased our dividend for the last 30 consecutive years.
You will be joining one of the largest Real Estate Investment Trusts in the world as we rapidly expand into the UK and European markets, including moving into new offices at 3 St. James’s Square.
The European portfolio, including the UK, has experienced consistent growth quarter-on-quarter since our first international acquisition, a £429m 12-property portfolio from Sainsbury’s in 2019. In just five years the portfolio now includes investments of over $11bn, and 483 distinct properties.
Those joining the real estate development team at Realty Income are stepping in at an exciting stage, with direct accountability over segments of an extensive and evolving portfolio. Team members manage a diverse array of projects; including non-standard developments, ground-up construction, and other dynamic initiatives. This environment offers exceptional opportunities for professional development and career advancement as both the company and its portfolio continue to expand.
Position Overview
The Senior Development Manager (SDM) will support the Development Director (DD) with the successful delivery of projects across a wide-ranging £10bn+ International portfolio, including retail & industrial projects. The Senior Development Manager will be responsible for appointing the design team, securing planning permissions, and procuring and delivering projects from start to finish. The Senior Development Manager has a highly collaborative role with multiple touchpoints daily with departments across Realty Income and with many external clients, advisors, and stakeholders. This role supports the Development Director in the growth of a new capability within an established and rapidly growing business.
Key Responsibilities
Realty Income (NYSE: O), an S&P 500 company, is a real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of 15,600 properties in all 50 U.S. states, the UK and six other countries in Europe, with a gross book value $58bn. We are known as "The Monthly Dividend Company®” and have a mission to deliver stockholders dependable monthly dividends that grow over time. Since our founding, we have declared 656 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index, having increased our dividend for the last 30 consecutive years.
You will be joining one of the largest Real Estate Investment Trusts in the world as we rapidly expand into the UK and European markets, including moving into new offices at 3 St. James’s Square.
The European portfolio, including the UK, has experienced consistent growth quarter-on-quarter since our first international acquisition, a £429m 12-property portfolio from Sainsbury’s in 2019. In just five years the portfolio now includes investments of over $11bn, and 483 distinct properties.
Those joining the real estate development team at Realty Income are stepping in at an exciting stage, with direct accountability over segments of an extensive and evolving portfolio. Team members manage a diverse array of projects; including non-standard developments, ground-up construction, and other dynamic initiatives. This environment offers exceptional opportunities for professional development and career advancement as both the company and its portfolio continue to expand.
Position Overview
The Senior Development Manager (SDM) will support the Development Director (DD) with the successful delivery of projects across a wide-ranging £10bn+ International portfolio, including retail & industrial projects. The Senior Development Manager will be responsible for appointing the design team, securing planning permissions, and procuring and delivering projects from start to finish. The Senior Development Manager has a highly collaborative role with multiple touchpoints daily with departments across Realty Income and with many external clients, advisors, and stakeholders. This role supports the Development Director in the growth of a new capability within an established and rapidly growing business.
Key Responsibilities
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- Coordinate a proportion of the development pipeline across the international portfolio and is responsible for delivering all capital expenditure initiatives determined by the DD and relevant Asset Managers including ground up developments, amalgamations, upsizes, downsizes, and maintenance, with regular reporting to the Development Director on progress, commercial performance, key risks, and issues.
- Collaborate with the US Construction and Procurement Team on all CapEx projects (including maintenance) regarding internal procedures, reporting, drawdowns, etc...
- Collaborate with the Property Management Team on maintenance and CapEx initiatives across the portfolio.
- Manage all pre-contract activities in the development process, including leading the planning application and procurement processes.
- Support the Development Director in all CDM, Health & Safety, and statutory regulatory approval processes for all international construction activities, including appointment of consultants where required.
- Agree with the Development Director on the appointment of consultant project teams and manage coordination across the international portfolio on all allocated projects.
- Ensure all allocated projects are procured using the most appropriate forms of construction contract and procurement methodology to ensure the most efficient commercial delivery across the portfolio.
- The Senior Development Manager is required to visit assets regularly across the UK and Ireland.
- Act collaboratively with the Asset Management Team on development feasibility opportunities.
- Provide input into development appraisals, acquisitions, and other repositioning strategies for the asset management and investment teams.
- Develop client briefs on construction projects across the portfolio and ensure that all works are delivered to agreed project outcomes.
- Maintain and manage reporting processes across the portfolio and multiple consultant teams.
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Internal Contacts:
- Collaborate and communicate with the Asset Management department to ensure an organised approach, transparency of workflow, and pursuit of the optimum solution for a given property; Provide projections that are to be incorporated into their reporting.
- Collaborate and communicate with the Development Team and Construction & Procurement Team in the US to ensure alignment of approach and regular reporting.
- Collaborate with and provide information/direction to the accounting department, including budget forecasting, job cost allocation, and issue resolution.
- Present to the Investment Committee as required.
- Provide information to the Legal department, including Attorneys and Paralegals; Work in concert to assess risk, provide solutions, and complete transactions.
- Work with Sustainability to employ environmentally friendly initiatives in development.
- Communicate with Lease Administration and Real Estate Operations to ensure a seamless flow of information throughout the development process.
- Create and maintain relationships with third-party support, tenants, real estate developers, and brokers; Help negotiate agreements for leases and specifications, leases, development agreements, commission agreements, third-party documents, etc.; oversee, inform, and direct throughout the development process.
- Engage, advise, and negotiate with government entities, planners, and other specialists.
- Performs other duties as assigned.
Knowledge, Skills, and Abilities
Must Have For The Role
- Suitable commercial retail real estate-related experience gained at an established landlord or development consultancy; with extensive retail development experience (including extensions, amalgamations, downsizes, facade replacements), refurbishment, new development projects, and asset repositioning projects.
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- Industrial and logistics development experience, including large single-box development and multi-unit development projects.
- Undergraduate degree: BSc or BA in related field (or equivalent work experience).
Our Mission & Values
For more than 50 years, Realty Income has been guided by our mission to invest in people and places to deliver dependable monthly dividends that increase over time. We do this by nurturing long-term, meaningful relationships that enable people to achieve a better financial outlook. We understand that when individuals succeed financially, they are able to provide for their families, support local businesses and pursue their greatest ambitions, creating a lasting positive impact on communities.
Realty Income
is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.
This description is the source posting as it read when we added it. We are not affiliated with Realty Income Corporation, so check their own site for the current details.
Where this offer sits in the market
Production managers and directors in construction (SOC 1122) · UK · ONS ASHE 2025 · basic pay · ~106k in sampleSOC 1122
- Middle half £42,380–68,692
- Median £54,808
- Going rate £53,400
- Threshold £41,700
- New entrant £37,400–48,100
Similar sponsored roles
See all UK visa jobsNo close matches live right now.
Browse more sponsored jobs at Realty Income CorporationAbout sponsorship for this role
Does this job guarantee visa sponsorship?
Not necessarily. Realty Income Corporation holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 1122 going rate of £53,400. New-entrant and shortage discounts can lower it.