Location
Scotland | United Kingdom
Job description
A brand new position, the Property Acquisitions Manager, East role has been created in line with the Group’s new space strategy for Morrisons Daily, identifying, appraising and delivering new opportunities within one of the patches in the Northern acquisition region, reporting to the Senior Property Manager, Acquisitions (North).
The role is focused on compiling a three year rolling delivery programme which identifies suitable opportunities and results in opening 15 new convenience store opportunities per annum, that maximise return on capital and completes with a clear handover to the Construction team for delivery and opening.
This role is a Field Based, permanent full time position operating within the Northern acquisition region. The successful candidate will be required to travel to our Bradford Head Office a number of times per month.
Some of your responsibilities will include:
Identification and appraisal of new opportunities suitable to operate as a Morrisons Daily
Creation and management a 3 year rolling opening programme
Building relationships with existing professional teams and creating new relationships with vendors, developers and agents
Developing knowledge of the acquisition region including areas of future residential growth and commercial development
Ensuring new opportunities meet the financial hurdle rate set for new space
Undertaking and concluding due diligence in conjunction with professional advisors
Securing the best market contractual terms which offer the most flexibility and protection to Morrisons
Negotiation of Heads of Terms (including salient lease terms, goodwill, stock and TUPE), through to the completion of transactional documents with solicitors, focusing on delivering accuracy & speed of transactions
Work with the wider Design, Construction and Cost teams to agree specifications
Compiling Board packs by required deadlines
Liaise with key stakeholders to ensure new stores open on programme and within budget
We’ve built an incredibly diverse business, and we’re working hard to make sure we truly represent the communities we serve. One of the best things about working with so many different people is having the opportunity to listen, learn and connect with lots of different views, perspectives and beliefs. For this role, we’re looking for someone who has:
Experience of property acquisition, preferably within a similar role within convenience store acquisitions or very similar
Track record of performance within the commercial property sector, ideally with a national operator
Qualified to degree level (or equivalent)
Chartered Surveyor (RICS qualification: MRICS or FRICS) (Preferred but not essential)
Good understanding of the commercial property sector - leasing and letting, landlord and tenant,valuation, legal contracts, technical
Market knowledge - competitor strategy / activity, commercial property comparable values, market challenges and constraints
Team player who builds and retains relationships
Strong negotiation skills - ability to influence a range of internal and external stakeholders
Customer first mindset when appraising new opportunities
High financial acumen to build solid business cases
Ability to communicate with impact, both written and presentational
Strong understanding of end to end new store delivery process: concept, acquisition, planning, tender, construction, estates management and maintenance
Project management and budget control to own lifecycle of new store development
A structured and process driven approach to planning and organising work
Tenacious resilient approach - does not let challenges detract from a positive approach
Comfortable with regular business travel (full driving licence)
Computer literate - Extensive use of mapping software, Microsoft Office, Google Suite.
About us
15% colleague discount in our stores and online, plus 10% for a friend/family member
Company car
Annual bonus scheme
Generous holiday entitlement
Company pension contributions
Private healthcare
Perks with over 850 retailers
We're Foodmakers and Shopkeepers and together, we make Morrisons. We’re the only UK retailer with our own manufacturing business spread across 18 sites, not to mention nearly 500 stores, we’ve lots of opportunities for you to play your part. So, whether you want to make the freshest food, sell it, or join us in our head office, we’d love to meet you…
About Us Description:
We design, build, develop and maintain all of our properties across the UK from our supermarkets and manufacturing sites to our distribution centres and Head Office.
Driving a variety of exciting property projects, we aim to provide the best shopping experience to our customers and great working environments for our colleagues.
From architectural design, construction and maintenance to project and asset management, we focus on quality and getting every detail just right. Constantly looking to do things even better, we listen to our customers to make their shopping trips easier and work closely with our colleagues to deliver hundreds of store refits every year.
The pace is fast. The projects are varied. And as we rebuild and strengthen our business, we're creating all kinds of roles at every level for quantity surveyors, energy specialists, location planning analysts, property managers and more.
Our modern Head Office on the edge of Bradford is home to our different support teams from tech, marketing and finance to HR, trading and supply chain.
Alive with activity, this is where decisions are made and our corporate teams make sure everything runs smoothly. Here, you’ll find comfy breakout areas, a coffee shop, newsagents and subsidised restaurant all within commuting distance of Leeds, Manchester and the Yorkshire Dales - always with free parking.
We host regular seasonal events and you’ll often find our suppliers on site sharing details of their latest product. We’re also committed to fundraising for our current charity partner.
Our business is fast paced and ever changing, as such we’ve lots of opportunities for you to play your part in our success. We’d love to meet you…
Some of the benefits you can expect as follows;
Annual bonus scheme
Generous holiday entitlement
Four day working week with flexible working hours
Company pension contributions
Private healthcare
Perks with over 850 retailers
Keep up to date with our latest campaigns, project updates and opportunities to get to know us better by clicking here
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