Real Estate Manager

Job description

Job Type

Asset Management

Location

London - Pimlico

Partnership Level

6

Closing Date

16/11/2024

Vacancy Type

Permanent

Salary

£52,800.00 - £84,300.00 Annual

Salary Frequency

Annual

Hours of Work

35

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We want all of our Partners to have a good work-life balance and we support flexible working. This might mean flexible or compressed hours, job sharing or shorter hour contracts, where it is possible to do so. Please discuss this further with the hiring manager during your interview.

Our Purpose

Working in Partnership for a happier world – our shared Purpose that guides us in everything we do and inspires 3 important principles; happier people, happier business, happier world. The John Lewis Partnership is a truly unique business, one that seeks to make a positive difference to the lives of everyone.

At a glance:

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Flexible working - We know flexible working is important to you, and it is important to us too. The Partnership has adopted a hybrid working approach meaning you'll be able to work a mixture between the office and home based upon your personal needs whilst balancing the needs of the business. The Real Estate team aim for around 1 day a week in the London office and 1 day a fortnight in the Bracknell office to connect and to attend key meetings. 

About the role:

The word ‘Property’ can mean different things to different people; it can be the place where you live, the land that you own or even the things that belong to you.

It is no different, here at the John Lewis Partnership, in fact we have a team whose responsibility it is to manage our ‘property’ and work across three core categories; Real Estate (management of our shops and other business critical buildings), Construction & Design (the creation of plans of design for the property that we currently or aspire to own) and Facilities (management of the services within our property). The way these teams operate are vital to the success of the Partnership and it is not wrong to say that our future lies very much in their hands.

Key responsibilities: 

To support our existing property estate, we’re looking to recruit an experienced Real Estate Manager into our Real Estate function. The team itself is responsible for managing the Partnership's real estate assets which touch across many different property sectors, Retail and Non Retail/Trading, with the latter covering a portfolio of Office, Distribution, Residential, Land and Leisure and a separate small third party Sublet estate.  

The available role is within the Waitrose retail surveying team and will be responsible for large rent & service charge liabilities, the expectation in Real Estate is to mitigate uplifts in costs, renew our leases with competitive terms, negotiating rent reviews, mitigating uplifts in service charge and general day to day management of the shops.  

What could you be doing?

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Managing a regional portfolio of retail assets for Waitrose to include lease events, rent reviews, service charge challenges, property management.

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Supporting the Senior Portfolio Manager in strategic priorities including disposals, right sizing, relocations and asset valuation. 

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Driving additional value and income through asset optimisation via development, subletting or achieving operational benefits.

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Managing annual property valuations to support the financial obligations of the overall portfolio.

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Extensive external engagement working with landlords, landowners, property agents, statutory bodies alongside internal colleagues across Property, Legal, Finance, Construction and the Waitrose retail team. 

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Making recommendations on opportunities to create value, save cost and improve performance and be able to confidently present recommendations to senior stakeholders and secure approval.

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Delivering property P&L savings for the region, to include service charge, rent as well as providing accurate budgeting. 

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You will be expected to travel to branches as appropriate.

Essential skills you’ll need: 

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Commercial RICS accreditation is preferable although not essential.

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Relevant qualification in estate/asset management or equivalent.

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A thorough understanding of Commercial Landlord and Tenant law.

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Experience in managing lease events, rent reviews and service charge disputes. 

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Experience in property valuation & reviewing financial appraisals.

Benefits of the Partnership and the role: 

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- Hybrid Working. 

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️ - Full - time working holiday entitlement 25 days holiday, plus public and bank holidays

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⚖ - Excellent work life balance, including focus on well being and flexible working and our marketing leading equal parenthood leave Policy

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- Defined Contribution pension scheme where your contributions will be matched by the Partnership (up to 8% of pay) and, after three years’ service, you’ll receive an additional Partnership contribution of 4% of pay, regardless of whether you pay in or not

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- You’ll get Partnership discount in store and online once you complete Probation. That’s 25% off in John Lewis & Partners (12% off electrical products) and 20% in Waitrose & Partners. You’ll also be able to nominate someone you live with to share your discount

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-  Simple cycle to work support scheme

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- We’re really proud of our exclusive hotels based in some of Britain’s most beautiful areas and once you’ve been with us for three months, you’re welcome to explore them

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-  Learn more about our extensive range of exciting benefits that you could enjoy when you join us, visit - https://www.jlpjobs.com/about/benefits/  

Next Steps:  

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The application form consists of a CV upload followed by application questions. Please ensure you refresh the page each time you complete a task to ensure you complete everything that you need to in time. (If internal, check your Workday notifications and see further guidance on the PDW under "Internal application process").

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Once you've submitted an application the next steps of the process, if successful, are likely to include a 1 stage virtual interview.

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You'll be asked about any adjustments you might need to support the recruitment process. Let us know, and we'll be sure to discuss it with you. 

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Thanks for your patience in the meantime and for showing an interest in joining JLP. 

· 
We occasionally close vacancies early in the event we receive a high volume of applications. Therefore, we recommend you apply early ​

You can view a copy of the full job outline here (internal only)

For internal use only: 

 

 

At the John Lewis Partnership, we embrace our differences. We want you to be you. Because, well, we know you're at your best when you're free to be yourself. Being a truly inclusive employer to us means creating an environment which celebrates your contribution, regardless of age, gender, race, ethnicity, disability, sexual orientation, social background, religion or belief. It's why we've set our own aim to become the UK’s most inclusive business - for our Partners (employees) and our customers. We firmly believe that our future success lies in diversity of thought from all Partners and it's integral in our mission to build a happier world. We welcome applications from everyone interested in working for us. And, once you're a Partner, your differences will make all the difference. Find out more about D&I in the Partnership here - https://www.jlpjobs.com/about/diversityandinclusion/