Senior Real Estate Manager - F&B / QSR
Skills
About This Role
Overview
- The Real Estate Manager will be responsible for the end-to-end execution of the company's real estate and property strategy across Saudi Arabia, with a key focus on supporting store expansion plans while ensuring the efficient management of the existing portfolio.Expansion & Site Development
- Lead the identification, evaluation, and acquisition of new sites across key cities and emerging trade zones within KSA.
- Conduct detailed site selection analysis, including visibility, accessibility, traffic patterns, catchment demographics, and competitive mapping.
- Perform commercial feasibility studies and financial modelling to assess projected store performance, return on investment, and payback periods.
- Undertake trade zone and market analysis to identify white spaces, consumer demand clusters, and potential cannibalization risks across existing locations.
- Build location recommendation packs and present strategic expansion proposals to senior leadership.
- Establish strong relationships with developers, landlords, mall operators, brokers, and real estate consultants across the Kingdom.
- Lead all lease negotiations, ensuring commercially competitive rental terms, fit-out periods, renewal options, exit clauses, and landlord contributions are optimized.
- Work closely with operations, finance, legal, and design teams to ensure a seamless transition from site acquisition through to store launch.
Property & Portfolio Management
- Manage the company's existing property portfolio, ensuring operational continuity and commercial optimization.
- Oversee lease administration, including renewals, rent escalations, expiry tracking, and contractual compliance.
- Maintain strong landlord and developer relationships to support long-term partnerships and issue resolution.
- Monitor occupancy costs and identify opportunities for cost savings, renegotiations, and portfolio optimization.
- Partner with operations teams to resolve property-related issues including maintenance escalations, common area charges, and access matters.
- Support strategic decisions relating to store relocations, closures, refurbishments, and lease restructuring where required.
- Ensure all real estate activities are aligned with local regulations and internal governance processes.
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