Matt Cloke

Development Director at The Churchmanor Estates Company plc
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Contact Information
us****@****om
(386) 825-5501
Location
Chelmsford, England, United Kingdom, UK

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Experience

    • United Kingdom
    • Real Estate
    • 1 - 100 Employee
    • Development Director
      • Jul 2018 - Present

      Ipswich, United Kingdom

    • Senior Development & Asset Manager
      • Nov 2016 - Present

      Ipswich, Suffolk, United Kingdom

    • Belgium
    • Asset & Investment Manager
      • Jan 2014 - Aug 2016

      Responsibilities: • Reporting directly to main board director, with one direct report • Provision of strategic property advice as part of formation of long term estates plan • Negotiation of lease regears and store relocations, with focus on rebasing cost, achieving key KPIs, and improving the long term sustainability and profitability of the business • Disposal of surplus stores via a variety of solutions, with a strong transactional focus • Controlling external teams of… Show more Responsibilities: • Reporting directly to main board director, with one direct report • Provision of strategic property advice as part of formation of long term estates plan • Negotiation of lease regears and store relocations, with focus on rebasing cost, achieving key KPIs, and improving the long term sustainability and profitability of the business • Disposal of surplus stores via a variety of solutions, with a strong transactional focus • Controlling external teams of agents, lawyers, and planning consultants • Regular liaison with key stakeholders in retail, construction, legal, PR, finance, tax, and HR functions to achieve best solutions, share knowledge and gain commitment. • Establishing and improving productive relationships with key landlords and tenants Achievements: • 4 multi-property disposal packages contracted with retail occupiers, together with a number of other individual deals concluded, involving a rent roll of c. £10m pa in rental. All deals structured to be acceptable to institutional landlords whilst minimising exit costs. • Regears negotiated on key leasehold sites on improved commercial terms • Production of long term plan to identify and track key opportunities and workstreams • High success rate of circa 70% for associated planning consents • Unconditional contracts achieved for a number of transactions with “Big 4” food retailers, despite their strong attempts to exit, via a combination of negotiation, ADR, and litigation • Formation of strong relationships with occupiers and landlords to facilitate co-operative working and resolution of issues Show less

    • Property Disposal Manager
      • Aug 2007 - Dec 2013

      Responsibilities: • Responsible for the formation and execution of strategy for the disposal of Tesco’s surplus freehold property across the UK, with a focus on the creation of value through development and joint venture opportunities, planning consents, lettings, and asset management initiatives, sometimes via subsidiary Spen Hill Developments. • Skilled in selecting and leading external consultant teams across a wide range of disciplines to achieve implementation of strategy on a… Show more Responsibilities: • Responsible for the formation and execution of strategy for the disposal of Tesco’s surplus freehold property across the UK, with a focus on the creation of value through development and joint venture opportunities, planning consents, lettings, and asset management initiatives, sometimes via subsidiary Spen Hill Developments. • Skilled in selecting and leading external consultant teams across a wide range of disciplines to achieve implementation of strategy on a site by site basis • 50+ separate property disposal projects being dealt with at any one time • Regular presentation of proposals and reporting at director and board level • One direct report and two indirect reports Achievements: • Completion of sale of c.£30m of assets pa, via capex of £2m pa and revex of circa £500k pa, with associated improvements in ROCE, reduction in revex costs, and return of cash • Extensive track record in successfully dealing with problematic sites via hands on approach • Responsible for the delivery of planning consent for Tesco’s new £45m management academy in Hertfordshire – successfully received in February 2013, despite significant challenges

    • Regional Property Manager
      • Nov 2003 - Aug 2007

      Welwyn Garden City Responsible for the estate management of 160 Tesco large format stores, distribution centres, and offices, as well as the asset management of an investment property portfolio with a rent roll of c.£5m. Lasting improvements were achieved to this portfolio through asset management initiatives to increase income and capital value, and reduce cost. Working on Tesco’s JV portfolio of shopping centres and retail parks owned jointly with British Land, the role comprised responsibility for the… Show more Responsible for the estate management of 160 Tesco large format stores, distribution centres, and offices, as well as the asset management of an investment property portfolio with a rent roll of c.£5m. Lasting improvements were achieved to this portfolio through asset management initiatives to increase income and capital value, and reduce cost. Working on Tesco’s JV portfolio of shopping centres and retail parks owned jointly with British Land, the role comprised responsibility for the day to day estate and asset management of nine properties (a mixture of shopping centres, retail parks, and stand alone supermarkets) with a total capital value of approximately £200m. The role involved monthly management and quarterly board level reporting.

    • Estates Manager
      • Feb 2000 - Nov 2003
    • United Kingdom
    • Real Estate
    • 1 - 100 Employee
    • Property Manager
      • Sep 1994 - Feb 2000

Education

  • The University of Reading
    BSc, Land Management
    1991 - 1994

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