Job Description
The opportunity:
The Freehold Asset Manager role forms part of the Frasers Group property team, specifically working across the Group’s extensive freehold portfolio. The portfolio has grown significantly in size and prestige over recent years across sectors including High Street Retail, Retail Parks, Shopping Centres, Outlets, Warehousing and Offices.
The successful candidate will take on the responsibility for driving value across the Group’s UK freehold property portfolio through active management. The role will also include an element of transactional work to identify and manage freehold purchase and sales; working with a range of external consultants as well as internal Group departments.
The role will be office based Monday to Friday located at the Group’s London Head Office.
The responsibility:
* Asset Business Plans
o Provide annual business plans for each asset with key objectives including key value add initiatives, expected CAPEX and associated returns.
o Manage and deliver the implementation of business plans across the property portfolio.
o Keep internal database up to date with relevant tenancy info.
* Acquisition and Disposal Transactions:
o Prepare board papers for applicable transaction
o Conduct financial analysis and cashflows to support the transaction
o Manage and coordinate applicable advisors
* Valuation:
o Support and provide input for internal and external property valuations.
* Leasing Transactions:
o Work with agents and solicitors to establish and progress new leases, agreement for leases, renewals, rent reviews.
* Development and Refurbishment Projects:
o Work alongside projects team to deliver viable refurbishment / reconfiguration works.
* Business Rates:
o Management of external consultants to deliver successful appeals and mitigation initiatives where applicable.
* Property Management:
o Work with external property managers to ensure the effective ongoing running of the portfolio.
o Rent Collection – ensure rental income is maximised with a focus on arrears management.
o Service Charge Budget Management – competently review budgets and manage shortfalls where applicable.
* Tenancy Schedule Management
o Maintain the department database with up to date and accurate tenancy information.
* Work alongside wider Frasers Group Departments including:
o Accounts
o Utilities and Facilities
o Projects
* Monthly Management Reporting
Qualifications
* MRICS or equivalent work experience
* Strong understanding of valuation
* Good awareness of L&T Law
* Strong analytical skills
* Reasoned decision-making capabilities
* Ability to manage external consultants effectively
* Experience at producing quality recommendation reports/board papers
* Excellent organisation skills, with the ability to multi-task, prioritise and work quickly under pressure
Additional Information
Along with your benefits package we also offer a wide range of perks for our colleagues:
Reward, Recognition and Opportunities
Frasers Champion- Our employees are at the heart of our business and we ensure individuals are recognised every single month for their hard work. Frasers Champion is a peer nominated scheme where 8 winners will receive double their pay for a month where they have thought without limits, owned it or been relevant.
Frasers Festival – An event like no other! Frasers Festival is our celebration for Head Office and Retail Staff across the UK and Europe – hosting a MEGA brand village, guest speakers from the world's biggest brands, evening entertainment, the ultimate Frasers Fearless Fitness Challenge and much more.
CEO Sessions – Once a quarter we offer 20 employees the opportunity to attend our “CEO Sessions” ran by our CEO and leadership team. Employees have the chance to connect, network and submit questions around specific topics such as our Sports or Luxury business.
Retail Reconnect – In order to build the planets most admired and compelling brand ecosystem, all employees must understand our business, product and customers. Each financial year, Head Office employees will gain insights by spending two days in one of our stores or the Warehouse. The goal is to learn how the work you do impacts our teams on the frontline, and to bring ideas back to the office which will improve how we work.
Employee Welfare
Frasers Fit – Our Everlast Gyms Team are on a mission to make our workforce the best, and fittest on the planet! We run free gym classes for employees as well as discounted memberships to our clubs. Frasers Fit is our wellbeing programme which aims to support and improve colleagues Physical, Financial & Mental wellbeing. The app is accessible for every employee and includes training, nutrition and lifestyle advice- all completely free.
Retail Trust – We know that its not just about physical health, mental wellness is equally important which is why all of our employees get free access and support from the Retail Trust charity. This includes a 24 hour wellbeing helpline, wellness hub, counselling and financial/legal support.
What’s next?
Our Recruitment Team will be reviewing applications and all candidates will receive a response, whether you are successful or unsuccessful. Shortlisted applicants may be asked to confirm a few key details before being booked in for a first stage interview with the Recruiter- this will be behaviourally focussed and centred around how you align with our Culture and Values. If successful we anticipate two further interview stages with the Hiring Manager/wider team which will be more technically focussed and could include a presentation/task so we can see your skills in action.