Senior Estates Manager

We’re looking for a commercially driven Estates Manager to play a key role in transforming the M&S store estate.

This is a broad and strategic role, focused on maximising value across the existing portfolio, supporting the delivery of our Store Rotation Programme, and ensuring our estate remains fit for the future.

Working with colleagues across Property, Finance, Legal, and Retail, you’ll optimise occupancy costs, manage landlord and tenant relationships, and unlock value through disposals, acquisitions, lease events, and portfolio optimisation initiatives. This role requires strong commercial judgement, stakeholder management, and the ability to influence both internally and across the wider property industry.

This role offers a mix of office and field-based working, with time divided between our Waterside Support Centre and travel across the business as required.

What You'll Do

• Drive value across the existing estate, supporting the Store Rotation Programme and delivering initiatives that optimise shareholder value.
• Lead landlord and tenant negotiations, store disposals, third-party agreements, and occupancy cost management across rent, rates, service charge, and insurance.
• Build strong relationships with landlords, investors, consultants, statutory bodies, and retail stakeholders to support strategic property objectives.
• Manage external advisers and consultants, ensuring high-quality delivery, value for money, and alignment with business priorities.
• Use market insight, data, and commercial analysis to develop recommendations, support property strategy, and deliver P&L commitments.

Who You Will Be

• An experienced property professional with a strong background in estates or asset management.
• Commercially astute, with the ability to balance strategic objectives, operational requirements, and financial performance.
• A confident communicator, comfortable presenting recommendations and influencing senior stakeholders.
• Adaptable and resilient, able to navigate ambiguity, manage competing priorities, and drive progress in a complex environment.
• Collaborative by nature, with strong relationship-building skills and the ability to work effectively across multiple functions.

What You Will Bring

• Proven experience in estate or asset management within a large, complex property portfolio.
• Strong knowledge of landlord and tenant matters, lease negotiations, and portfolio optimisation strategies.
• Excellent financial and analytical skills, with the ability to use data and market insight to drive decisions.
• Experience managing external consultants and specialist advisers across multiple disciplines.
• The ability to translate complex property challenges into clear, commercially focused recommendations and actions.

What’s in it for you

Being a part of M&S is exactly that – playing your part to bring the magic of M&S to our customers every day. We’re an inclusive, dynamic, exciting, and ever‑evolving business built on doing the right thing and bringing exceptional quality, value and service to every customer, whenever, wherever and however they want to shop with us.

Here are some of the benefits we offer that make working for M&S just that little bit more special…

• 20% colleague discount across all M&S products and many of our third‑party brands for you and a member of your household.
• Competitive holiday entitlement with the potential to buy extra holiday days.
• Discretionary bonus schemes awarded based on how you achieve your personal objectives and our performance as a business.
• A generous Defined Contribution Pension Scheme and Life Assurance.
• A dedicated welcome to our teams with a tailored induction and a wide range of training programmes to develop your skills.
• Amazing perks and discounts via our M&S Choices portal to maximise your financial and personal wellbeing.
• Industry‑leading parental, adoption and neonatal policies, providing support and flexibility for your family.
• Access to a fantastic range of wellbeing support for all colleagues, including our 24/7 Virtual GP and PAM Assist for you and your family.
• A charity volunteer day to support a cause you're passionate about through a dedicated day away from work.

Everyone’s welcome

We are ambitious about the future of retail. We’re disrupting, innovating and leading the industry into a more conscientious, inspiring digital era. We’re transforming how we work together and offering our most exciting opportunities yet. Marks & Spencer strives to be an inclusive organisation, trusted and admired by our colleagues, customers and suppliers. Join us and make change happen.

We are committed to building diverse and representative teams, where everyone can bring their whole selves to work and be at their best. We support each other and work together to win together. If you feel you'd benefit from any support or reasonable adjustments during any stage of the recruitment process, please don’t hesitate to let us know when completing your application. This information will be picked up by our team, so we can try and put steps in place to help you be at your best through this process.