Real Estate Director

Alghanim Industries

Valid Till: N/A

SA

Job Description

  • Oversee the annual budget reports to highlight utilization against assigned budgets in an accurate and timely manner; ensure that budget reports are submitted as and when required
  • Initiating and maintaining key contracts, site selection. Securing the most prominent space in malls and street locations where possible. 
  • Asset management of existing portfolio to ensure that all lease agreements are renewed in time and changes in terms are correctly recorded. 
  • Managing the Leasing and legal documentation process in connection with new units and renovations. 
  • Liaising with other departments; legal, government relations, finance, design and property facilities.
  • Sourcing new locations upon BU’s requests (showrooms, offices, residential, storage, plots).
  • Preparation of site packs for all new premises, coordination with and obtaining approval from BU’s. 
  • Negotiate and conclude terms with Landlords / Developers. 
  • Advisory responsibility during completion of legal documentation. 
  • Completion of ‘new site package’ and handover to DD team and briefing of Projects team. 
  • Preparation of market mapping plans as per the current market supply (Malls) and generate future locations for Retail Network outlets. 
  • Maintain good relationships with landlords, developers, internal and host brands. 
  • Identify, analyze and justify new site location proposals. 
  • Perform due diligence in conjunction with legal and licensing teams. 
  • Preparation of due diligence approval packages to be presented to the appropriate stake holders. 
  • Estate management of the existing portfolio; renewals, rent reviews, assignments, surrenders. 
  • Annual portfolio review and analysis. 
  • Annual evaluation of internal & external properties. 
  • Rent payments. 
  • Requesting licenses / drawings / legal documents upon other departments’ requests. 
  • Obtaining approvals from landlords for new or modified signage’s, designs, and drawings. 

Requirements:

  • A minimum of 10 years of relevant experience of hands-on real estate and construction experience preferably within the retail industry.
  • A minimum of 5 years in a management position
  • Excellent decision making, leadership, communication skills.
  • Previous Experience in Real Estate and Construction Management
  • Bachelor’s degree in Civil Engineering or Equivalent
  • MBA is preferred
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