Real Estate Manager
Role Overview
Lead real estate strategy and implementation to support brand expansion in conjunction with brand teams.
Negotiate development agreements with franchisors in line with growth plans and manage the equity property portfolio to control costs and identify asset opportunities.
Key Skills for This Role
Full Job Posting
Role purpose
Lead real estate strategy and implementation to support brand expansion in conjunction with brand teams.
Negotiate development agreements with franchisors in line with growth plans and manage the equity property portfolio to control costs and identify asset opportunities.
Expansion and acquisitions
- Mobilize market real estate strategy in line with business objectives and the Head of Real Estate.
- Oversee site identification and acquisition for new units through handover to Construction; maintain pipeline communication.
- Ensure pipelines are developed in advance; prioritize sites, negotiate, assess financial viability and feasibility, evaluate planning probabilities, and manage planning and legal processes.
- Maintain acquisition and development pipeline meetings, prepare reports, and share information across brands.
Property and portfolio management
- Manage property financial operations and prepare and maintain financial statements.
- Monitor lease negotiation and signing, including rental reductions; manage property costs and pursue cost savings.
- Develop property solutions for location, lease versus ownership, lease term, financial commitment, exit strategies, and operating expenses.
- Act as contact for outside agents, retailers, vendors, and landlords; build strategic franchise-partner relationships.
Planning and team leadership
- Monitor strategic developments and market insights; coordinate with Market Planning.
- Forecast restaurant openings and track pipelines, monthly forecasts, AOP, and FITS reports.
- Coordinate accurate IFA documentation with Franchise Operations.
- Lead acquisitions, promote effective negotiation, reduce property cost inflation, and coach and develop team members.
Education and experience
- BSc/BA in Business Management or a related field.
- Minimum 8–10 years of experience in retail or F&B companies.
- Proven record driving a real estate agenda across a management scope and managing teams and stakeholders.
Knowledge and skills
- Thorough understanding of retail or hospitality industries and trends.
- Strong knowledge of applicable property law, taxes, and financial statements in the country.
- Knowledge of lease negotiations, asset management, triple net leases, loan disbursement requisitions, retainage, and lien waivers.
- Strong leadership, coaching, mentoring, negotiation, consensus-building, communication, strategic, and business skills; able to analyze problems and develop solutions.
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