About the role
Asset Manager
12 Month FTC
£70,000- £80,000 + Bonus + Pension + BUPA + ShareSave + 6.6 weeks holiday + hybrid working
Southampton, Store Support Office/ Hybrid Working
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 they’ll love. Join us as an Asset Manager and you’ll be a big part of this.
At B&Q we have a hybrid approach to working to increase flexibility in how we work. Speak to our recruitment team to find out more.
Key responsibilities
Role Purpose: Proactively managing the leasehold and freehold estate to optimise our store network and directly contribute to the growth and success of our retail business, and the delivery of the ONE Kingfisher ambition. In this role, reporting directly to the Head of Assets and Estates, you will be responsible for; analysing, negotiating and delivering property deals to enable the implementation of our long-term real estate vision.
- 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 and occasional new store acquisitions in a timely manner
- 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
- Work effectively with the Estate Management team to document and maintain accurate property and transactional records
- Proactively communicate within the A&E team sharing ideas, contacts and market intelligence for the betterment of the wider team and B&Q business
Required skills & experience
- Previous experience working in a retail organisation with an established, UK wide retail portfolio
- Extensive 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
What's in it for me?
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!
As part of a great team, you’ll be supported to grow and encouraged to explore new career directions within the business and the wider group. And, because you’ll be inspiring great things for our customers and the whole business, you’ll do work worth caring about.
We want to ensure that all employees, future employees and applicants to all Kingfisher companies are treated equally regardless of age, gender, marital or civil partnership status, colour, ethnic or national origin, culture, religious belief, philosophical belief, political opinion, disability, gender identity, gender expression or sexual orientation.
If you require any additional support or adjustments to help you make an application, please contact us at recruitment@b-and-q.co.uk.
