Vice President Retail Leasing

Responsibilities

• Provide input to the tenant mix strategy
• Support the Retail Asset management team in valuation assumptions related to new projects
• Support in deal origination and negotiation on a strategic leasing basis
• Assist in sourcing and securing anchor and ancillary tenants
• Work with the Retail Delivery Team to ensure that the shops open on time
• Provide monthly update reports to the Senior manager Retail Leasing
• Develop and implement a sourcing tenants' strategy
• Negotiate prices within/above range agreed with the Director - Retail Leasing
• Issue lease proposals to potential tenants
• Obtain supporting documents for the lease processes such as trade license, passport copy, Power of Attorney, Article of Association etc., required to draft Leases/Licenses until the signing of the lease documents and paying of all monies due (rent, service charges, marketing fees, deposits, fit out deposit etc.)
• Track lease expiries and initiate lease renewals six months in advance
• Support in the execution of the leasing plan, with the goal of maximizing value creation and improving the tenant mix
• Prepare annual budgetary review of the asset and recommend adjustment to market conditions if required
• Assess leasing issues on an ongoing basis and recommend strategies to mitigate risk
• Be proactive to identify issues that may have meaningful economic consequences and work on finding solutions
• Maintain a comprehensive understanding of regional retailers and their portfolios
• Originate and expand relationships with Middle East regional retailers
• Work collaboratively with the various stakeholder teams and executive management, as appropriate
• Initiate and oversee legal proceedings where legal action is required relating to tenancies
• Coordinate with Retail Delivery Team the design, graphics and fit out of retail units
• Ensure CRM system meets Retail Leasing needs and liaise with IT/ERP on platform maintenance and update
• Assist peers in leasing activities with their projects

Qualification And Experience

• Bachelor’s degree in Urban Estate Management, Business Administration , ICSC or equivalent is preferred

RELATED YEAR OF EXPERIENCE:

• Min of 10+ years of related experience in Retail Leasing