Leasing Manger
Location: Riyadh, SA
Job Requisition ID: 163755
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.
Overview of the role:
As Leasing Manager will be part of the Al-Futtaim Retail Leasing team and will be responsible to liaise with Property and Real Estate Developers across the Region to manage Retail Leasing portfolio of Al Futtaim Retail-MENA. This role has both financial and legal elements and provides a central source of information, expertise and management capability to the company’s internal stakeholders.
What you will do:
Management, negotiation and formalization of all Retail Leasing transactions within the assigned portfolio. Building and further strengthening relationship with Landlords & internal stakeholders. Source and Negotiate prime Real Estate for existing and new brands on most effective commercials and Leasing terms as well as track, monitor and communicate any critical non-negotiable clauses with agreed deals Execute all the Lease admin related work review Lease contracts, complete legal review, payment processing, tracking and safe keeping of Leasing related documentation. Ensure Lease related system and tracking sheets are kept updated. Plan and execute Roll out of locations for existing and new Retail brands under Al-Futtaim Retail as well as negotiate and execute early surrender / termination of existing Leases for store closure with minimum financial impact. Track and manage renewals with the objective to ensure that the most competitive rates are achieved utilizing knowledge of the market when renegotiating leases that are coming up for renewal. Analyze performance of the existing portfolio and negotiate to achieve rental reduction for in existing Leases / locations. Run regular Leasing reporting on lease related data and provide information and insights to Management and internal stakeholders. Support the lease review process and work closely with the internal stakeholders including the Legal Department to ensure all lease risks are identified and mitigated. Responsible to streamline the process of opening, closing and renovating stores by communicating and liaising necessary information between the Store Development Team and the Landlords. Involve and support each Business Division in finalizing feasibility reports for new projects, which will be presented to the Al Futtaim Retail Investment Committee. Prepare presentation for the Management on Leasing related assignments and Brand / Brand principal for expansion strategies. Ensure all date / material related to Regional Properties are maintained such as Mall Floor Plans, existing / New Mall relevant details. Develop, maintain, and enhance the policies & process framework of Leasing Department.
What you will need:
A minimum of 2-3 years of experience in retail leasing A strong network of connections in the KSA market Strong financial analysis and lease negotiation skills Knowledge of legal frameworks for lease agreements Ability to build relationships with landlords and stakeholders Proficient in data management and lease reporting
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why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
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