Leasing Manager Gmg Ksa

4 days ago

Riyadh, Saudi Arabia GMG Full time

**About GMG**:
GMG is a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, food and health sectors. Its vision is to inspire people to win in ways that make the world better. Today, GMG’s investments span across four key verticals: GMG Sports, GMG Food, GMG Health, and GMG Consumer Goods. Under the ownership and management of the Baker family, it has become a leading global company, affiliated with the world’s most successful and respected brands in the well-being sector. Working across the Middle East, North Africa, and Asia, GMG has introduced more than 120 brands into its markets.

**About the Role**:
The role holder will be responsible for liaising with lease management entities, property developers, real estate brokerage firms, shopping malls, for the purpose of scouting for property acquisition opportunities for new store development / expansion across existing and new territories. The role holder is also responsible for evaluating, developing and finalizing retail properties / sites in line with the commercial objectives and regulatory requirements of GMG’s business units.

**Core Responsibilities**:

- Establish business relationships and network with the local / regional and international real estate, property development, leasing firms to explore mutually beneficial opportunities
- Partner in strategizing the business plans for GMG’s Business Units to gain an understanding of new projects / retail space requirements and to determine commercial viability
- Perform due diligence and evaluate the property in coordination with GMG’s Business Units to highlight any risks and ensure it is in line with GMG’s requirements and standards
- Carry out site visits and ensure that the team conducts visits on a regular basis, for the purpose of scouting for property acquisition opportunities for new store development / retail expansion
- Ensure regular and effective communication with GMG’s Business Units to gain an understanding of new projects / retail space requirements
- Finalize and lead negotiations on leases and commercial terms with malls / retail site owners on behalf of GMG within the prescribed financial guidelines
- Provide advice and develops correction action plans to the Senior Management and GMG’s stakeholders for any exceptions in lease agreements to ensure seamless operations
- Liaise with the Legal department to work out the legal aspects of the agreement seeking clarifications on legal, financial, and other commercial terms
- Guide ongoing research on upcoming / available retail sites (new Shopping Malls, Store Sites, etc.) and related property information to prepare business case for property acquisition
- Ensure that information related leasing is maintained and archived for the purpose of extracting the relevant data and presenting it to the Senior Management, whenever required
- Maintain market intelligence and competitor activity analysis from a retail property development and business expansion
- Keep abreast knowledge about leasing rates, leasing laws, changes in any rules and regulations, and communicates it with GMG’s business units in a timely manner
- Act a focal point of contact between GMG’s business units and developers/landlords for leasing related matters

**People Management**:

- Define goals and key performance indicators for each member of the team and ensures effective implementation of the GMG’s performance management process
- Develop talent within the team by providing guidance, mentoring and coaching to achieve the defined goals

Drive a culture of feedback and coaching in the Business Unit/ Department by providing feedback on an ongoing basis, identifying development needs and coaching the employees on the areas of improvement.

**Educational Qualifications and Certificates**
- Bachelor’s Degree in Business Administration
- Master’s degree in Business Administration is preferred

**Experience**

A minimum of 8 - 10 years of relevant experience with at least 4 years in a similar role

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