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Property Manager

Employer
Fred Perry
Location
London (Central), London (Greater) (GB)
Closing date
28 Apr 2024

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Function
Retail
Level
Manager

Job Details

Triple Wimbledon champion Fred Perry founded his brand in 1952. He was the son of a cotton spinner who played and fought his way through, always with style and despite the establishment. Today, Fred Perry is a global community of over 370 employees, all inspired by the Laurel Wreath and what it represents.

PURPOSE:

This role will be reporting to the Head of Business Development, Retail.

Responsible for implementing Fred Perry’s global property strategy, covering the UK, EU, and North American property portfolios (owned and operated). The role will work closely with and build relationships with key stakeholders both internally and externally, including, but not limited to, legal advisors, property agents, landlords, and rating advisors. Responsibilities will involve planning, developing, and executing agreed plans and objectives, as well as assisting with our long-term goal of elevating the quality of our store estate through both location choice and the quality of the in-store experience.

KEY RESPONSIBILITIES:

  • Manage the company’s property strategy in line with the company's objectives and goals, with a focus on both brand awareness and store profitability.
  • Manage the negotiation process for new locations, lease renewals, and expiries. Renegotiate to improve existing terms and conditions, rent reviews, break clauses, and any penalty clauses, either directly or through managing agents.
  • Continuously assess the existing property portfolio, with a focus on optimising lease terms, potential disposals, appropriate square footage, identifying adjacent opportunities, and securing strategic locations aligned with company objectives, to enhance brand impact and commercial returns.
  • Coordinate with landlords, managing agents, and internal departments to address and provide solutions for property-related issues for stores and showrooms.
  • Collaborate with external partners to effectively manage business rates, ensuring timely communication of rate updates to the Head of Business Development—Retail and Finance team. Proactively seek rate relief opportunities when necessary, and review and sign off on related invoices.
  • Manage service charge costs and challenge landlords to ensure accuracy and fairness in charges. Sign off on service charge invoices and promptly report budget variances to Finance.
  • Ensure senior management is kept informed and updated on all property matters, for both acquisitions and disposals. Maintain dialogue at the senior level to ensure full involvement in decision-making.
  • Ensure internal colleagues receive relevant information in a timely manner so that any required inputs are completed on time.
  • Work with the Head of Business Development—Retail to manage all property costs, budgets, and operating lease commitments, following up with landlords on invoicing queries as and when required.
  • Manage the coordination of the legal process on all property matters, including instructing legal advisors as needed for efficient handling and compliance.
  • Maintain up-to-date property summaries, trackers, and databases.
  • Support the Finance Director by supplying necessary information to our insurance company for new store openings, shop refits, incidents such as break-ins, and any ad hoc insurance matters promptly.

 

THE PERSON:

  • Experience working in a property estate management role with a diverse portfolio.
  • Strong proficiency in property management, lease management, and understanding of commercial leases.
  • Experience working with solicitors to complete heads of terms, leases, licences to alter, and other legal documentation.
  • Strategic understanding of the leasing process in multiple regions.
  • Commercially driven and has a strong understanding of financial performance and budgeting procedures.
  • Extremely organised with the ability to proactively identify priorities that manage the demands of the role and business needs.
  • Ability to work independently, ensuring that regular communication updates are provided to stakeholders.

 

HOURS:

We actively encourage our teams to have a good work-life balance, and so we are pleased to offer flexible working shifts at Fred Perry HQ. Our core shift hours are from 10 a.m. to 4.30 p.m., so employees can choose to start and finish early or start and finish late. (For example, work 8:00am-4:30pm, 10:00am-6:30pm, and so on). We also have a 30-minute early finish on Fridays.

As we continue to work in a more flexible way, the head office acts as a brand hub, where we can all connect and collaborate with one another. This role is a mix of office-based (London) and remote working. We will expect the employee to come into the office regularly for face-to-face meetings and to work alongside their team on collaborative projects.

BENEFITS:

We are proud to offer a wide range of benefits to all our staff and continue to reassess what our community needs from us to thrive. We don’t want to be a good company to work for; we want to be a great one. Here are some things we currently offer:

  • Annual performance-related bonus
  • Competitive salary, reviewed every year
  • Generous staff discounts and regular sample sales
  • A generous pension scheme with an 8.5% company contribution
  • Option to buy an extra 5-day holiday annually
  • Enhanced maternity and paternity packages
  • Life insurance
  • Private healthcare
  • Cycle to Work Scheme
  • Early finish Fridays
  • Season ticket loan
  • 25 days of annual leave plus bank holidays
  • Annual birthday vouchers
  • Regular opportunities to attend gigs or events

We actively welcome applications from people of all different backgrounds. Your CV will be submitted to hiring managers with all personal details hidden to ensure anonymity.

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