Senior Estates Manager
10 days ago
Kirby Muxloe
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