Offer from Unibail-Rodamco-Westfield
The role will be focused on the DACH-region (europe) and the pay is good. I think I will turn it down due to restrained exit opps and low prestige.I actually don't know a lot about the company and wonder how they are perceived within the RE industry. Anyone here working with them or have any experience? The people I met actually seemed smart and hard working
Turning down an offer due to “low prestige” please stop reading this website.
So would you take the offer? I mean I am just curious, no one ever talks about URW. Maybe using the word prestige can be misinterpreted here. I actually do not care about prestige at all. If I have an offer from a small REPE start up with experienced partners I will take it. I am not sure if the position at URW is competitive enough. All I want is to learn and coming forward. I am not sure if URW is a great place to grow. Those are my concerns..
Personally I wouldn’t take it. It’s a good firm and they’re respected in their industry, but I’m not into the retail space, although there is some retail that is absolutely crushing it. I prefer a role where I can see and touch every product type across the risk spectrum, but has nothing to do with prestige for me. If prestige was the wrong word that’s all good! I just hate when people bring up prestige in real estate
Same goes for me. What I wanted to say that it is URW is less in the RE industry but more in the retail industry. So it might be not advantageous to take a position with them when you plan to do a more RE-focused position later on.
So what do you do?I personally don't have the option right now to take a position in which I would be exposed to many different asset classes. Would you turn down a chance to work for a firm which is only doing 1 asset class?
If I didn’t have the option for every asset class, I’d try and get industrial or Multifamily. If this offer has an expiration date that’s very close, then you may have to turn it down. If you’ve got some time (2-3 weeks) before you have to respond, hit up recruiters and try and leverage the offer into another one. “Hey I got an offer, but still want to see what else is out there, are there any firms you can put me in front of that may be able to do an expedited process if they like me?”
if none of that is possible then you may have to get back to the interview grind. Me personally if I needed a job and had zero options that looked good I’d probably take this one. My initial point is I probably wouldn’t of applied or interviewed cuz I know I wouldn’t want to work there at first, but if I was desperate I would.
How is Unibail considered low prestige? They are a huge name in the retail space. Interviewed with them way back right for an NYC position and it seemed really cool. I would say the only downside is they are focused on Malls. That being said, IIRC, they had a heavy push into creating more creative mixed use development alongside their malls.
Do think it is a good place to advance your career?
What do you think will you learn, what kind of a skill-set will you establish working with them?
And do you think it will help you to transition into a more investment focused role later on?
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