At a Glance
- Tasks: Manage a large retail estate, focusing on lease negotiations and cost efficiency.
- Company: Join Poundstretcher, a leading discount retailer with over 300 stores.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Fast-paced role with a focus on strategic decision-making and portfolio management.
- Why this job: Shape the future of retail while making a real commercial impact.
- Qualifications: Degree in Real Estate or Property Management; MRICS preferred.
The predicted salary is between 60000 - 80000 £ per year.
The Company
Poundstretcher is one of the UK’s leading discount retailers with a network of over 300 stores.
About the Role
We are seeking a commercially driven Senior Estates Manager to take ownership of our circa 300-store UK and NI retail estate within a fast-paced discount retail environment. This is a pivotal role focused on reducing occupancy costs, maximising lease flexibility, and ensuring our estate supports a high-performing, cost-efficient trading model. You will lead all lease-related activity and play a key role in shaping the long-term profitability and resilience of the portfolio.
Key Responsibilities
- Lease Event Management & Value Optimisation
- Lead all lease events across the estate including rent reviews, renewals, break options, regears, and expiries.
- Maintain a proactive lease events pipeline to protect value and maximise flexibility.
- Negotiate rent reductions, turnover-based rent structures, and improved lease terms aligned to the business model.
- Challenge service charges and non-recoverable costs to drive efficiency.
- Manage landlord relationships while maintaining a strong commercial stance on cost control.
- Lead escalated lease disputes in collaboration with legal advisors where required.
- Portfolio Performance & Strategy
- Partner with Maintenance and Operations teams to assess store performance and inform property decisions.
- Support strategic initiatives including store closures, relocations, downsizing, and new openings based on profitability.
- Financial Oversight
- Own and maintain the rent roll, ensuring accuracy and alignment with budgets.
- Deliver measurable savings against occupancy cost targets.
- Support budgeting, forecasting, and reporting with clear insight into estate liabilities and opportunities.
- Data, Systems & Compliance
- Ensure full integrity of lease data across property management systems.
- Track all critical lease events and deadlines to mitigate risk and avoid missed opportunities.
- Oversee dilapidations strategy to minimise exit costs.
Qualifications
- Degree in Real Estate, Property Management, or equivalent experience.
- MRICS qualified (preferred but not essential).
Experience
- Proven experience managing large retail estates (discount retail, grocery, or high-volume retail preferred).
- Strong track record of delivering rent reductions and favourable lease negotiations.
- Experience operating in a commercially driven, cost-sensitive environment.
Key Skills & Competencies
- Expert understanding of Landlord & Tenant legislation.
- Strong commercial acumen with a focus on cost control and value creation.
- Confident negotiator with resilience and commercial toughness.
- Ability to manage a large, complex, and fast-moving portfolio.
- Detail-focused with strong financial and analytical capability.
- Pragmatic, solution-oriented approach to problem solving.
Why Join Us
At Poundstretcher, you’ll play a critical role in shaping a large UK retail estate and directly influencing business performance. This is an opportunity to drive real commercial impact in a dynamic, fast-paced value retail environment.
Senior Estates Manager in Kirby Muxloe employer: Blue Moon Recruitment
Poundstretcher is an exceptional employer, offering a dynamic work environment where you can make a tangible impact on the UK retail landscape. With a strong focus on employee growth and development, we provide opportunities for professional advancement while fostering a collaborative culture that values innovation and cost-efficiency. Join us to be part of a team that not only drives commercial success but also prioritises a supportive workplace that encourages your contributions and ideas.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Estates Manager in Kirby Muxloe
✨Tip Number 1
Network like a pro! Reach out to industry contacts and attend relevant events. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its competitors. Understand their business model and be ready to discuss how your skills can help them reduce occupancy costs and maximise lease flexibility.
✨Tip Number 3
Practice your negotiation skills! Since this role involves a lot of lease negotiations, being able to demonstrate your ability to secure favourable terms will set you apart from other candidates.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Poundstretcher.
We think you need these skills to ace Senior Estates Manager in Kirby Muxloe
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Estates Manager role. Highlight your experience in managing large retail estates and any successful lease negotiations you've led. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've reduced occupancy costs or maximised lease flexibility in previous positions. Show us your commercial acumen!
Showcase Your Negotiation Skills:Since negotiation is key in this role, make sure to include examples of successful rent reductions or favourable lease terms you've achieved. We love a confident negotiator who can handle complex situations with ease!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Blue Moon Recruitment
✨Know Your Numbers
Before the interview, brush up on key financial metrics related to retail estates. Understand occupancy costs, rent structures, and how they impact profitability. Being able to discuss these figures confidently will show your commercial acumen.
✨Master Lease Negotiation Scenarios
Prepare for potential negotiation scenarios that may come up during the interview. Think about how you would approach rent reviews or service charge disputes. Having a few strategies in mind will demonstrate your expertise and readiness for the role.
✨Showcase Your Portfolio Management Skills
Be ready to discuss your experience managing large retail estates. Highlight specific examples where you've successfully reduced costs or improved lease terms. This will illustrate your ability to handle the complexities of the role.
✨Understand the Company Culture
Research Poundstretcher's values and mission. Tailor your responses to align with their focus on cost efficiency and commercial impact. Showing that you understand and fit into their culture can set you apart from other candidates.
