At a Glance
- Tasks: Manage a large retail estate, focusing on lease negotiations and cost efficiency.
- Company: Dynamic discount retail company with a focus on growth and innovation.
- Benefits: 10% colleague discount, 33 days holiday, and opportunities for professional development.
- Other info: Join a supportive team with a strong emphasis on career progression.
- Why this job: Shape the future of retail while driving profitability and efficiency in a fast-paced environment.
- Qualifications: Degree in Real Estate or Property Management; MRICS preferred.
The predicted salary is between 60000 - 75000 £ per year.
Location: Kirby Muxloe, Leicester (LE9 2BJ)
Coverage: UK & Northern Ireland (travel required)
Reporting to: Head of Property
Direct Reports: Property Coordinators (where applicable)
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.
Colleague Benefits
- 10% Colleague Discount, with enhanced discount events throughout the year.
- 33 days holiday per year, including
Senior Estates Manager employer: Poundstretcher
As a Senior Estates Manager at our dynamic retail company based in Kirby Muxloe, Leicester, you will thrive in a supportive and collaborative work culture that prioritises employee growth and development. We offer competitive benefits, including a generous holiday allowance and a 10% colleague discount, alongside opportunities to lead impactful projects that shape the future of our extensive retail estate across the UK and Northern Ireland. Join us to be part of a forward-thinking team that values innovation and cost efficiency in a fast-paced environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Estates Manager
✨Get Involved in Local Property Events
Dive into local property expos and networking events! Real estate thrives on connections, so attending these events helps us meet potential employers and industry leaders, plus it's a chance to show off your enthusiasm for the field.
✨Connect with Local Agents on Social Media
Follow and engage with local real estate agents and firms on platforms like Instagram and LinkedIn. Sharing their posts and commenting with your insights can put you on their radar and might even lead to job opportunities at companies like Poundstretcher.
✨Don’t Underestimate the Power of Cold Outreach
Got your eye on a specific company like Poundstretcher? Don't hesitate to send a direct message or an email expressing your interest. Personalise your approach, maybe mentioning a recent listing or project of theirs, and it could set you apart from other candidates.
✨Utilise Property Management Platforms
Check out property management platforms and job boards tailored for the real estate sector. They often have exclusive listings, especially for full-time roles. Don't forget to visit Poundstretcher's careers page directly; we love seeing passionate candidates applying through our website!
We think you need these skills to ace Senior Estates Manager
Some tips for your application 🫡
Show Your Real-Estate Savvy:When crafting your CV and cover letter, make sure to highlight any relevant experience in the real estate sector. If you've done internships, assistant roles, or even relevant coursework, lay it out clearly. We want to see your familiarity with market trends, property management, or any sales experience you've got under your belt!
Quantify Your Achievements:In real estate, numbers speak volumes! When detailing your past roles, use concrete figures to demonstrate your achievements. For example, mention how many properties you sold, the percentage increase in client satisfaction, or any successful negotiations. These metrics can give your application that extra punch it needs!
Tailor Your Documents for the Job:Every application should feel personal. When applying for the Senior Estates Manager role at Poundstretcher, tweak your CV to focus on aspects that are important to them. If they value client relationships, emphasise your interpersonal skills. We want to see you aligning your experiences with what they're looking for!
Keep It Professional Yet Approachable:While we want you to show off your expertise, don't forget to let your personality shine through in your cover letter. A touch of friendliness can set you apart, especially in real estate where client interaction is key. Show that you're ready not just to work with the property but also with people!
How to prepare for a job interview at Poundstretcher
✨Know Your Market Trends
In real estate, it’s all about staying ahead of the curve. Make sure we brush up on the latest market trends in the area where Poundstretcher operates. Being able to discuss local property values, demand, and upcoming developments will show that we’re not just interested in the job, but genuinely invested in the industry.
✨Prepare for Scenario Questions
Expect some scenario-based questions during the interview. We might get asked how we’d handle different client situations or property evaluations. Preparing our responses for common real estate scenarios not only demonstrates our problem-solving skills but also shows that we can think on our feet in a client-facing role.
✨Showcase Your Connections
In full-time real estate, networking is key! Let’s think about our connections in the industry and what we can bring to Poundstretcher. Whether it’s insights on prospective clients or relationships with local contractors, talking about these experiences can set us apart from other candidates.
✨Demonstrate Technical Savvy
Familiarity with different real estate software tools is a big plus. We should be ready to discuss any platforms we've used, whether it's for property management, CRM, or data analysis. Being comfortable with technology not only makes us more efficient, but also shows that we’re adaptable to the tools used at Poundstretcher.
