Head of Property Asset Management

7 days ago

Welwyn Garden City, United Kingdom Tesco Full time

About the role

An exciting new role within our Property Function Tesco is recruiting for a new Head of Property Asset Management, Tesco are looking for someone to manage a portfolio of over 3000 retail units (All Formats) and Depots, this will include all operational, investment, closed/surplus land and buildings, surplus land disposals, store buybacks and lease regears.

You will be responsible for
- Advising senior colleagues on all Property related matters. Implements the £380m Lease Buyback Strategy
- Spotting opportunities to enhance our assets and fully utilise them including surplus carpark development/letting
- Overseeing the payment of over £1.6bn in rent & rates whilst meeting all financial control and audit requirements
- Having a clear understanding of Finance matters relating to all Property costs (Capital or Revenue) and setting, tracking and forecasting challenging property budgets.
- Disposing of all surplus land and meeting our £5m pa. lease regear target.
- Ensuring operational properties are occupied in accordance with general property law, their lease terms, their title and Health & Safety regulations (with the team being the day-to-day landlord/tenant contact)
- Collaborating closely with other areas within Property on refurbs and asset optimisation re landlord consent
- Managing external Consultants, Solicitors and Managing Agents and supporting the business in the roll out of various new initiatives
- Taking ownership for specific Project Streams, eg Cladding remediation, Closed Stores, Disposals, H&S issues
- Following our Business Code of Conduct, always acting with integrity and due diligence
- Actively contributing to ESG targets & supporting Diversity & Inclusion targets
- Developing and leading a high performing team, giving them the opportunities to be their best
- Being a go-to for general real estate advice for wider group companies

You will need
- MRICS or other Property related qualification
- Extensive Property Asset Management experience preferably with another multiple Retailer or an Asset Manager within a large REIT or Property company
- Managing & Motivating a team
- Property budgeting & reporting
- Excellent track record of achievement

About us
You might know us as a supermarket, technology company or even for our award-winning mobile network. Truth is, we’re all of those things, and much more. Our colleagues work with one goal in mind, helping to make every day a little better for our customers, colleagues and communities all over the world. No two customers are the same, neither are our colleagues.

What’s in it for you
We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you - both in and out of work. Click Here to find out more
- Annual bonus scheme of up to 45% of base salary
- Car Cash Allowance
- Holiday starting at 25 days plus a personal day (plus Bank holidays)
- Private medical insurance
- Retirement savings plan - save between 6% - 10% and Tesco will contribute 1.5 times this amount
- 26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave

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