Asset Manager
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Job Location:
Monthly Salary:
Posted on:
2 hours ago
Vacancies:
1 Vacancy
Job Summary
Overview
Permanent
From 65000 - 75000 Pension PMI ShareSave 6.6 weeks holiday Hybrid Working (2 days per week in the office)
Southampton Store Support Office
We believe anyone can improve their home to make life better. From our Southampton Store Support office (SSO) we equip our stores our people and our whole business with everything it takes to help our millions of customers create a home theyll love. Join us as an Asset Manager youll be a big part of this.
Role Purpose: Proactively managing B&Qs leasehold and freehold estate to optimise our store network and directly contribute to the growth and success of our retail this role reporting directly to the Head of Assets and Estates you will be responsible for analysing negotiating and delivering property transactions across the existing portfolio identifying value-add workstreams and strategic thinking to protect the estate long-term. You enjoy engaging with people as much as you do analysing the numbers. Most importantly youre proactive and entrepreneurial someone who thrives in a high-accountability low-ego culture where ideas are welcomed and execution is everything. Weve got ambitious growth plans at B&Q and wed love you to be a part of it.
Whats the job
Key Accountabilities / Responsibilities:
- 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
- Exploit opportunities to reduce property cost optimise lease structures and protect the long-term security of tenure of our trading stores
- Identify initiatives to add value or generate income from within the estate and release capital through planned freehold disposal programmes
- Develop deal structures and undertake tactical negotiations to gain competitive advantage in dealings with Landlords & tenants maximising returns to the business
- 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
- Draft robust business cases and concise accurate board submissions for asset management led opportunities.
- Collate review and analyse property and financial data to support articulation of business cases and demonstrate deliverables from planned property strategies
- Maintain a broad detailed understanding of the retail and property markets to identify advantageous practices or trends within the industry
- Engage and maintain a wide-ranging network of contacts within; commercial property financial institutions retail organisations and industry forums
Key Business Relationships:
- Works with the Location Analyst and Finance teams to assess the viability of property transactions & store locations
- Works with the inhouse Legal team to ensure the legality and compliancy of all contracts and dealings
- Supports the Store Development team to enable timely delivery of cost-effective projects
- Engages with agents consultants and the commercial property industry to achieve objectives
- Supports the Estate Manager & Surveyors to ensure accurate and complete property records are maintained
What we need:
Required Skills & Experience:
- Previous experience working in a retail organisation with an established UK wide retail portfolio
- 5 years PQE
- MRICS qualified
- Experience in the asset management of an established leasehold & freehold estate including relocation rightsizing & new store acquisition activities
- Sound knowledge and application of Landlord & Tenant Acts town planning investment principles
- Thorough knowledge of legal process property and contract law
- Confident communicator providing advice and recommendations in a clear and concise manner with regular informed updates
- A proven team member with the ability to support enable and enthuse others while keeping the leadership updated on progress challenges & opportunities
- Clean driving licence UK wide travel may be required ideally located in South England
Whats in it for me
As part of a great team youll be valued for who you are.Were 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.
Required Experience:
Manager
Key Skills
- Asset Management
- Digitization
- Maintenance Management
- ServiceNow
- Microsoft Excel
- Metadata
- Financial Analysis
- LIHTC
- Property Management
- Remedy
- Contracts
- Taxonomy
About Company
Kingfisher plc is an international home improvement company with over 1,360 stores in nine countries across Europe. We operate under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, Tradepoint and Koçtaş, supported by a team of 77,000 colleagues
