Real Estate Director

at  Alghanim Industries

CANDIDATE 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

EDUCATION:

• Bachelor’s degree in Civil Engineering or Equivalent
• MBA is preferred

Strategic Responsibilities

• Contribute to the formulation of the department’s strategy, annual business plans, budgets, policies and procedures and ensure alignment to the business policies and procedures
• Identify opportunities for quality and cost effectiveness delivery.
• Identification of viable projects and preparation of business cases to support the Board of Directors in making decisions

Operational Responsibilities

• 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.
• Solving BU’s issues with landlords (maintenance, issues with neighbors and any other non-contractual requests).
• Ensure that the team is adequately staffed as per business requirements and allocate work to subordinates
• Mentor and coach subordinates to develop their capabilities and build a strong succession pipeline for the role
• Establish the performance plans for direct subordinates; Monitor and guide them in managing their performance by providing appropriate feedback
• Allocate work to subordinates and ensure that subordinates are aware and familiar with assigned tasks and responsibilities
• Participate in the identification of training and development initiatives for all employees and ensure continuous on-the-job training and other learning interventions for the employees within the uni