Development & Construction Manager – Italy

Company Overview

Yellow Tree is a Real Estate Investment Fund based in Gibraltar and is dedicated to the ownership, development and management of commercial and residential real estate assets. The Yellow Tree Real Estate Investment Fund is backed by a Gibraltar-based multi-family office. Yellow Tree invests across capital and gateway cities, employing a tailored investment strategy to each geographic region. Our portfolio underscores long-term value and mirrors our dedication to excellence.

Our philosophy centers on income generation, ensuring that 100% of our portfolio consistently delivers returns. We achieve this by taking an asset-by-asset approach, where each asset carries its own weight in contributing income without dilution. Each asset has its own business plan that is meticulously followed by making sure that each asset performs as expected.

We own and manage sustainable and high-quality properties, aligning with the objectives of leading national and international corporations. This ensures that Yellow Tree Group is synonymous with quality, reliability, and enduring success.

For more information, visit us on yellowtree.Com.

Role Summary

Location: Rome, with frequent travel to Milan and other project locations as required.

We are seeking an experienced Development & Construction Manager to act as the owner's representative for a real estate developments in Italy, with an immediate focus on two hotel projects in Rome and Milan.

The successful candidate will oversee the planning, development, design, construction and handover of projects on behalf of the owner, ensuring delivery in accordance with approved budgets, programmes, quality standards and investment objectives.

This is a client-side role. The Development & Construction Manager will not be responsible for performing construction activities directly, but will coordinate, supervise and challenge the performance of external stakeholders, including hotel operators, project managers, designers, consultants, contractors and public authorities.

The role requires strong commercial, technical and stakeholder management capabilities, together with the ability to identify and mitigate risks, solve problems proactively and provide clear reporting to senior management.

Key Responsibilities

Project Leadership & Ownership Representation

• Act as the primary owner's representative for development and construction activities across Italian projects.
• Protect the owner's commercial, technical and strategic interests throughout the project lifecycle.
• Ensure projects are delivered in accordance with approved business plans, investment objectives and corporate standards.
• Provide regular project updates and recommendations to senior management and investment stakeholders.

Development Management

• Coordinate and monitor the development process from permitting and design stages through construction, commissioning and final handover.
• Oversee planning applications, building permits and regulatory approvals, working closely with local consultants and authorities.
• Review development programmes and ensure key milestones are achieved.
• Identify project risks and implement mitigation strategies to minimise schedule and cost overruns.

Construction Oversight

• Monitor the performance of contractors, project managers, consultants and other service providers.
• Review construction progress against approved schedules and budgets.
• Challenge and verify project reporting, forecasts and completion programmes.
• Monitor quality standards and ensure compliance with approved designs, specifications and contractual requirements.
• Attend key site meetings, inspections, testing activities and project milestone events.

Commercial & Financial Management

• Monitor project budgets, cash flow forecasts and cost reporting.
• Review and challenge variation orders, contractor claims and budget adjustments.
• Assist with forecasting project outcomes and identifying potential commercial risks.

Hotel Operator & Stakeholder Coordination

• Act as the key point of coordination between ownership, hotel operators, consultants, contractors and public authorities.
• Ensure project delivery remains aligned with operator requirements and brand standards.