What's the job?
Key Accountabilities / Responsibilities:
1. Undertake proactive asset management of the leasehold and freehold estate by way of; regearing, rightsizing and relocation activity, under the guidance of the Head of Assets & Estates
2. Exploit opportunities to reduce property cost, optimise lease structures and protect the long-term security of tenure of our trading stores
3. Identify initiatives to ‘add value’ or generate income from within the estate and release capital through planned freehold disposal programmes
4. Develop deal structures and undertake tactical negotiations to gain competitive advantage in dealings with Landlords & tenants, maximising returns to the business
5. Collaborate with, instruct and manage the performance of external professional consultants and agencies to achieve efficient, cost effective and highly productive project teams in order to drive results
6. Draft robust business cases and concise, accurate, board submissions for asset management led opportunities.
7. Collate, review and analyse property and financial data to support articulation of business cases and demonstrate deliverables from planned property strategies
8. Maintain a broad, detailed understanding of the retail and property markets to identify advantageous practices or trends within the industry
9. Engage and maintain a wide-ranging network of contacts within; commercial property, financial institutions, retail organisations and industry forums
Key Business Relationships:
10. Works with the Location Analyst and Finance teams to assess the viability of property transactions & store locations
11. Works with the inhouse Legal team to ensure the legality and compliancy of all contracts and dealings
12. Supports the Store Development team to enable timely delivery of cost-effective projects
13. Engages with agents, consultants and the commercial property industry to achieve objectives
14. Supports the Estate Manager & Surveyors to ensure accurate and complete property records are maintained
What we need:
Required Skills & Experience:
15. Previous experience working in a retail organisation with an established, UK wide retail portfolio
16. 5+ years PQE
17. MRICS qualified
18. Experience in the asset management of an established leasehold & freehold estate including relocation, rightsizing & new store acquisition activities
19. Sound knowledge and application of Landlord & Tenant Acts, town planning, investment principles
20. Thorough knowledge of legal process, property and contract law
21. Confident communicator providing advice and recommendations in a clear and concise manner with regular informed updates
22. A proven team member with the ability to support, enable and enthuse others while keeping the leadership updated on progress, challenges & opportunities
23. Clean driving licence, UK wide travel may be required, ideally located in South England
What's in it for me?
As part of a great team, you’ll be valued for who you are.We’re committed to making B&Q more diverse and representative of the communities we serve, where everyone can feel they belong and have equal opportunities. You will have access to a range of networks that represent our colleagues and allies and help us to continue to put diversity and inclusion at the heart of our business.
We also recognise that wellness means different things to different people, and we want to help colleagues be at their best and feel well by offering a range of benefits to help you. As well as a competitive salary, our benefits package includes an award-winning pension scheme, bonus, ShareSave options, 6.6 weeks holiday, payroll giving, an Employee Assistance Programme, shopping discounts, colleague wellbeing benefits and lots more!
So we can support you during the application or interview process, please contact for any recruitment adjustments.