Senior Property Management Surveyor - Middlesex
Acts on behalf of Company to minimise property occupational costs of rent and business rates for the brands and support elements that constitute the group. In addition the job holder is responsible for maximising income from the Groups Property Portfolio through negotiating sub-tenant rent reviews and active property management.
Currently manages in the region of 90 rent reviews/lease renewals per year having a rent roll c£10m with a potential increase of £3.5m. In relation to the rating process the job holder is responsible for managing approximately one third of the portfolio where the total rates bill for the Group is c£90m p.a.
The job holder will be responsible for managing relationships with at least 15 external property agents and will manage other relationships with Landlords and their property agents principally through the negotiation of rent reviews and lease renewals, whilst acting as the interface with other departments and dealing with other retailers Property Managers.
The job holder will work closely with the Senior Acquisitions Managers and Senior Disposals Manager to ensure the requirements of the business are met.
The job holder will report to the Property Asset Director.
Provide budget rents, review and update rent review short term forecasts. Ensure status of both individual transactions and budget/STF overview is updated and available for use by Senior Management throughout the company.
Prepare detailed valuations, negotiate rent reviews and make recommendations for Directors approval.
Prepare evidence and submissions for Arbitration and other tribunals in accordance with Law and Practice. Acting as Expert Witness where necessary and preparing evidence for Consultants acting on the Company’s behalf.
Instructing and managing external property advisors on rent reviews, lease renewals and other property management matters (e.g. Compulsory Acquisition and planning issues affecting company business).
Instructing Property Solicitor/External Solicitor to prepare documentation for property management transaction.
To have a clear understanding of company business in order to provide a professional interface to other retail property professionals, landlords and their advisors and the property market generally.
The job holder to ensure they are fully aware of company property strategy. Liaise with Senior Acquisition Manager and Disposals Director to ensure company business objectives are met.
Facilitate reviews of optimum lease clauses with Property Solicitor.
Provide instructions to external advisors to minimise company business rates liability and obtain refunds where possible.
Actively manage the property portfolio by granting licences and increasing rent on sub leases to maximise income to the company.
Job Holder Specification
The job holder is likely to be an FRICS Chartered Surveyor educated to degree standard with a minimum of five years experience in retail property preferably from a Blue Chip corporate background or specialist private practice.
The job holders experience will have been principally gained as a Professional Surveyor with an excellent knowledge of Landlord and Tenant legislation and case law.
The job holder will have strong IT skills and particular expertise in the use of spreadsheets.
The job holder will be self motivated and able to work on their own initiative whilst being an active team member. They will have the ability to operate within a dynamic fast moving organisation and able to balance valuation, legal and other factors to achieve company business objectives.
£Excellent & Benefits