Property Manager

6 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Americana Restaurants Full time

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Responsibilities:
  • Meet Landlords, negotiate deals, ensuring financial viability, assessing store performance then managing renewal process and legal process for Lease review.
  • Preparation of paperwork for renewal and obtaining approvals.
  • Liaising with Internal Team, Lease Admin, Finance, Legal to facilitate and ensure a smooth renewal process.
  • Manage daily and weekly leasing reports.
  • Be proactive initiating Lease renewals 6 months prior to Lease Expiry or Critical Date.
  • Maintain up-to-date database for the current portfolio and lease details in order to secure early Lease renewals.
  • Maintain awareness of new strategic developments within each Trade Zone.
  • Maintain relationship with various Landlords and owners.
  • Minimize property cost inflation for Restaurants portfolio and deliver reduced cost to the business.
  • 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.
  • 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.).
  • Deliver cost-effective disposal of closed/surplus stores (in line with market conditions).
  • Agree strategy & encourage best practice for effective negotiation.
  • Identify and deliver store optimization such as internal or external carve outs.
  • Identifying and closing non-utilized assets.
  • Returning unutilized space to Landlords.
Knowledge and Skill Required:
  • Experience 8-10 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 Landlords.
  • Process driven with broad commercial acumen and determination.
  • Demonstrate excellent customer service and negotiation skills.
Seniority Level:

Mid-Senior level

Employment Type:

Full-time

Job Function:

Legal and Business Development

Industries:

Food and Beverage Services, Retail, and Real Estate

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