Senior Assistant - Leasing

Job description

For over seven decades, the employer has been a partner and creator of luxury experiences in the Middle East. In its pursuit to excel as a hybrid luxury retailer, the Group has curated a portfolio of over 10 owned brands and strengthened its distribution and marketing expertise for over 400 international names across luxury fashion, beauty, jewellery, watches, eyewear, and art de vivre categories. Every step at the employer is taken to build a future where luxury dreams become reality - bridging cultures and crafting memorable experiences for our consumers. Be it by constantly reinventing itself, committing to innovation, or embracing new technologies, the Group is shaping the future of luxury retail. It delivers seamless omnichannel experiences across more than 950 stores, online platforms, and mobile apps. Driving this innovation journey is The Greenhouse - the Group’s innovation hub, incubator, and accelerator for startups and emerging businesses, regionally and globally. The role is responsible for managing the organization’s retail property portfolio, including site selection, lease negotiations, budget analysis, store openings, and uploading leasing contracts to government platforms

Requirements

• Follow all relevant Division policies, processes and standard operating procedures
• Follow the day-to-day activities related to own job with minimal supervision
• Prepare and implement leasing plans and leasing tactics to exploit the current market supply and generate future locations for retail network outlets
• Prepare a target list of prospective locations suitable for the type of outlets required for the business
• Prepare mall profile and perform due diligence on prospective locations as appropriate
• Negotiate and finalize lease terms in line with prevailing business guidelines, budgets, and any other conditions required by the business
• Ensure that all documentation is correctly prepared and is signed by the authorized stakeholders
• Maintain awareness of local legal procedures and practices, ensuring they are upheld and/or not contradicted in lease terms
• Ensure that lease agreements are renewed in time and changes in terms and condition or rentals are correctly recorded
• Prepare progress reports on weekly/monthly/annual basis as appropriate, on the current status of the business
• Evaluate historical performance, and market information on future market trends, to arrive at a rational budget projection both in terms of units and revenue
• Review the actual performance against budget on a regular basis to ensure that projected units and revenue targets are being achieved.

Skills