Overview
Acquisitions Surveyor – B&Q, Southampton, Store Support Office (SSO) – Permanent. Up to £65,000 + Pension + PMI + ShareSave + 6.6 weeks holiday + Hybrid Working (2 days per week in the office). B&Q equips our stores, our people and our whole business with everything it takes to help our millions of customers create a home they’ll love.
Role Purpose
Responsible for scoping out and securing the best locations to grow our store estate. From canvassing occupiers, analysing market trends, to negotiating rental terms with landlords, the role is about finding and securing the best deals in the right locations. Primary responsibility for identifying and delivering new store opportunities across high streets and retail parks and managing the full acquisition lifecycle from market mapping through to lease negotiation and financial/Board approval.
Key Responsibilities
* Create a pipeline of new store opportunities, working closely with the Programme team to ensure on-track delivery.
* Develop deal structures and undertake tactical negotiations to gain competitive advantage in dealings with landlords & tenants, maximising returns to the business.
* Draft robust business cases and concise, accurate board submissions for new store acquisitions in a timely manner.
* Proactively communicate within the A&E team sharing ideas, contacts and market intelligence for the betterment of the wider team and B&Q business.
* The role works alongside the Location Analysis, Data, New Formats and Finance teams to assess the viability of new opportunities and locations.
* Works with the in-house Legal team and our panel of external lawyers to ensure the legality and compliancy of all contracts and dealings.
* You’ll have a close working relationship with the Store Development and Construction team to enable timely delivery of cost-effective projects.
* Engages with external agents, consultants and the wider commercial property industry to promote B&Q and achieve objectives.
* Responsible for providing recommendations about store locations, financial appraisals, deals and agreements to the Senior Leadership Team.
* Analysis and preparation of Board Papers and the ability to present these to Board Directors.
* Responsible for decisions concerning the instruction and payment of external consultants, agents and Legal fees.
Key Business Relationships
Internal: Finance, Store Development & Construction, Location Analysis, Legal, PR and Communications, New Formats.
External: Property Agents, External Lawyers, Landlords & Developers, Local Authorities.
Required Skills & Experience
* Previous experience working in a retail organisation with a UK wide property portfolio.
* MRICS qualified.
* Minimum 3 years’ experience in retail property acquisitions or corporate real estate.
* Sound knowledge and application of the Landlord & Tenant Acts, town planning and investment principles.
* Thorough knowledge of legal processes, property and contract law.
* Confident communicator – able to provide advice and recommendations in a clear and concise manner to the Board and Senior Leadership Team.
* A proven team member, able to support, enable and enthuse others.
* The ability to adapt and thrive in a fast-paced, dynamic environment.
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Benefits
Competitive salary, award-winning pension scheme, bonus, ShareSave options, 6.6 weeks holiday, payroll giving, Employee Assistance Programme, shopping discounts, colleague wellbeing benefits and more. B&Q is committed to making our business more diverse and representative of the communities we serve, i.e. everyone can feel they belong and have equal opportunities.
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