Assistant Manager Real Estate

Job Purpose

Key Responsibilities

• Undertake Sites Acquisitions of the Company new units throughout the Market we operate in principally by overseeing the Identification and securing of sites to hand-over to Construction and pipe-line communication.
• Plans and execute Real Estate strategy for the specific market - aligned to business strategy and objectives across AMR.
• Maintaining awareness of new strategic developments and liaising with Market Planning.
• Ensure new pipelines are well developed in advance to meet growth expectations.
• Review Market insights gathering and analysis to take effective steps to serve the company’s best interest.
• Monitor Lease negotiation & signing, including rental reduction negotiations.
• Taking personal responsibility for Company development in defined region(s)
• Identify sites then negotiate deals, ensuring financial viability, assessing planning probabilities then managing the planning and legal process for acquisitions.
• Preparation of IC Tours and reports for IC approval for Company openings.
• Maintain up to date Trade Zone Files and the pipe-line reports for Company development from relevant Trade Zones.
• Maintaining awareness of new strategic developments within each Trade Zone and liaising with Market Planning.
• Identification of ‘significant Development, Retail/Hotel Companies and Investment Funds where an enhanced relationship is influential in driving development
• Maintain relationships and meeting schedules with significant landlords including Development, Retail/Hotel Companies and Investment Funds
• Minimize property cost inflation for Restaurants portfolio and deliver reduced cost to the business.
• Monitor all property costs and charges and challenge where appropriate (incl. Rent, Rates, Service Charge, Insurance, dilapidations claims); instruct specialist consultants to negotiate optimum settlements
• Build a strong and reliable profile for each store including but not limited to (Land deed, owner ID, Electricity Bill, Water Bill, Official layout, etc.)
• Deliver effective disposal of closed/surplus stores (in line with market conditions).
• Negotiate rent reviews, lease renewals and rating appeals against internal budgets & external benchmarks. Agree strategy & encourage best practice for effective negotiation

Education, Experience & Skills

• BSc/BA in business Management or any related field
• 5-8 years Post Grad Experience preferred with a multi-unit Development
• Very high professional integrity with confidence and consistency
• Steadfast in opinions, able to deal with conflict and experienced franchisees
• Process driven with Broad commercial acumen and determination
• Thorough understanding of Retail or Hospitality industries and trends
• Strong knowledge of applicable property law, taxes and financial statements in the country to ensure efficient management of property
• Knowledge of lease negotiations, asset management, triple net leases,
• Highly developed negotiation, consensus building and communication skills
• Strong strategic and business acumen
• Able to analyze problems and strategize for better solutions

Note

• :
• Experience in searching and approving/direct lease negotiation for new stores on tenant site needed for this role, preferably F&B
• Candidates having Admin / business development / residential or sales experience will not be considered.