JOB PURPOSE
The Leasing Lead manage the leasing activities and MAGRABi store portfolio. This role involves potential tenants, renegotiations, rebuilds, extensions and terminations and identify top locations for new stores to obtaining the best possible deals by negotiating lease contracts with property owners.
QUALIFICATIONS AND EXPERIENCE
- Bachelor's degree in business administration, or any relevant field.
- Strong interpersonal skills with confidence to negotiate effectively with third parties.
- Risk Analysis Management
- 5-7 years of experience in Commercial leasing management.
- Experience in retail real estate is a must.
- Real Estate or Property Management knowledge of contracts and related legal framework.
JOB RESPONSIBILITIES
- Work with Egypt and Property VPs to implement the real estate strategy for the market in line with Magrabi Retail's goals.
- Ensure the departmental strategy aligns vertically and integrates horizontally with other departments plans.
- Lead the development of the Real Estate Operations function to support business growth.
- Manage the implementation of policies and procedures for Real Estate Operations to meet legal requirements and provide a cost-effective service.
- Lead the Real Estate Operations department to achieve objectives through setting individual goals, recruiting, managing performance, and motivating staff to maximize overall performance.
- Create and execute Real Estate Operations plans to meet business objectives as well as developing and managing the budget for the market and ensuring operations are aligned with the approved budget.
- Plan and analyze research data to find potential store locations aligning with the company's model for targeted new site acquisitions.
- Identify specific on-ground sites, considering the target customer base and the store model for annual new site acquisitions.
- Negotiate lease agreements with landlords, ensuring terms protect the company's interests and align with the given rent-to-sales ratio.
- Manage the development of investment papers, collaborating internally and externally for the investment committee's informed decisions.
- Contribute to identifying opportunities for improving Real Estate Operations systems, processes, and practices for cost reduction and productivity enhancement.
- Stay updated on local rental laws to determine market rates, supporting decision-making for market competitiveness and profitability.
COMPETENCIES
- Analytical thinking
- Organizational Commitment
- Interpersonal understanding
- Teamwork & collaboration
- Flexibility
- Initiative & Achievement Orientation
