Real Estate Manager
Purpose & Overall Relevance for the Organization:
This role is responsible to maximize the profitability of Retail by securing Real Estate in alignment with the adidas store growth targets for the dedicated region.
This function will be accountable for identifying potential sites, assessing their viability, lease negotiation of sites as well as ensuring that financial hurdles are met in the overall development of adidas Group store locations. Manage and process occupancy expenses for adidas retail. Maintain the Lease Management System, document control and reporting.
Key Responsibilities:
Functional.
To identify and evaluate all real estate opportunities through executing strategic portfolio planning, site visits, site selection metrics and criteria, demographic analysis, and research to ensure the best locations for the brand are secured.
To manage metrics and criteria for which site selection decisions will be made (research analytics, financial performance, revenue prediction models)
To negotiate letters of intent and key lease deal points to the brand’s advantage
To present the adidas Group’s retail concepts to prospective landlords
To identify franchise opportunities with multiple and cross border landlords to achieve best possible deal making.
To manage external Real Estate resources in locating and evaluating potential sites, especially the cross-border strategic landlords
To manage the creation of site justification packets as part of the capital approval processes.
To evaluate existing store portfolio to actively drive rent reductions, recommend lease renewals and terminations and negotiate renewals and extensions where appropriate.
Key Relationships:
Global Retail Centre of Excellence (CoE)
Customers/Partners & Landlords
CoE Expansion
Market Retail team
Retail Back Office (RBO) team (within both Lead and Multifunctional Markets)
Regional Real Estate Director
Franchise & Retail Director & Managers
Manager Store Development
Knowledge, Skills, and Abilities:
Good IT skills (Word, Outlook, Excel, PowerPoint)
Good numeracy, literacy, verbal, and written communication skills
Ability to travel up to 50% of the time within KSA
Real Estate market across KSA
Requisite Education and Experience / Minimum Qualifications:
Functional: 6-8 years retail specific real estate site selection experience, preferably with a major mall-based retailer
Industry: ideally in apparel/fashion/shoes or FMCG
Leadership: Previous experience managing a team
Fluent in both Arabic & English (Read, Write and Speak)
Exposure: sports, store implementation, real estate community, legal partners
University degree with an emphasis in real estate or finance preferred, or equivalent professional experience.
AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE’S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE: THIS IS HOW WE WIN WHILE PLAYING FAIR.
COURAGE: Speak up when you see an opportunity; step up when you see a need..
OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-through.
INNOVATION: Elevate to win. Be curious, test and learn new and better ways of doing things.
TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.
INTEGRITY: Play by the rules. Hold yourself and others accountable to our company’s standards.
RESPECT: Value all players. Display empathy, be inclusive and show dignity to all.
adidas celebrates diversity, supports inclusiveness and encourages individual expression in our workplace. We do not tolerate the harassment or discrimination toward any of our applicants or employees. We are an Equal Opportunity Employer.
Job Title: Real Estate Manager Location: Riyadh
