Assistant Real Estate Manager

Job Purpose:

This role will be responsible for development and implementation of strategies to ensure the various brands achieve their expansion program in conjunction with the brand teams. Negotiates and achieves development agreements with the franchisors in line with AMR growth plans. Also, manage the equity property portfolio to minimize property cost inflation, facilitate asset management opportunities.

Responsibilities:

1. 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.
2. Plans and execute Real Estate strategy for the specific market - aligned to business strategy and objectives across AMR.
3. Maintaining awareness of new strategic developments and liaising with Market Planning.
4. Ensure new pipelines are well developed in advance to meet growth expectations.
5. Review Market insights gathering and analysis to take effective steps to serve the company’s best interest.
6. Monitor Lease negotiation & signing, including rental reduction negotiations.
7. Taking personal responsibility for Company development in defined region(s).
8. Identify sites then negotiate deals, ensuring financial viability, assessing planning probabilities then managing the planning and legal process for acquisitions.
9. Preparation of IC Tours and reports for IC approval for Company openings.
10. Maintain up to date Trade Zone Files and the pipe-line reports for Company development from relevant Trade Zones.
11. Maintaining awareness of new strategic developments within each Trade Zone and liaising with Market Planning.
12. Identification of ‘significant Development, Retail/Hotel Companies and Investment Funds where an enhanced relationship is influential in driving development.
13. Maintain relationship / meeting schedule with significant landlords including Development, Retail/Hotel Companies and Investment Funds.
14. Minimize property cost inflation for Restaurants portfolio and deliver reduced cost to the business.
15. 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.
16. 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.).
17. Deliver effective disposal of closed/surplus stores (in line with market conditions).
18. Negotiate rent reviews, lease renewals and rating appeals against internal budgets & external benchmarks. Agree strategy & encourage best practice for effective negotiation.

Education:

• BSc/BA in business Management or any related field.

Experience:

• 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 / experienced franchisees.
• Process driven with Broad commercial acumen and determination.

Knowledge:

• 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.

Skills:

• Highly developed negotiation, consensus building and communication skills.
• Strong strategic and business acumen.
• Able to analyze problems and strategize for better solutions.

F&B experience and Arabic speaker mandatory.

Only candidates meeting above 2 requirements will be contacted.