The Real Estate Executive/ Manager will evaluate potential properties for new store locations, focusing on market analysis, financial feasibility, and strategic alignment. The role requires a deep understanding of real estate markets, strong negotiation skills, and the ability to manage all property acquisition and setup phases. The Real Estate Executive will play a critical role in the company’s expansion efforts by securing prime locations that align with the fast-food chain's business objectives.
SCOPE OF ROLE:
1. Site Evaluation and Market Analysis
- Conducts comprehensive assessments of potential properties, including on-site evaluations and market analysis.
- Analyzes demographic, economic, and traffic data to ensure strategic site selection.
- Reviews and interprets zoning regulations and other local requirements to ensure compliance.
2. Financial Feasibility and Lease Negotiation | Successful lease agreements, financial performance, and cost management
- Performs detailed financial feasibility studies, including ROI projections for potential sites.
- Negotiates lease terms with landlords, ensuring alignment with financial and operational goals.
- Manages all lease agreements and renewals within the company’s real estate portfolio.
3. Strategic Market Expansion and Project Management | Timeliness and quality of project completions, strategic market entries
- Identifies high-growth areas and emerging markets for new store locations.
- Leads the expansion strategy by coordinating with the business development team and securing prime locations.
- Oversees the end-to-end property acquisition process, including project management of renovations and store setups.
4. Reporting and Documentation | Accuracy and completeness of reports and documentation
- Prepares detailed reports on-site assessments, financial analyses, and market research.
- Maintains accurate records of all site assessments and related documentation.
- Strong relationship with government authorities
Requirements:
- Education: Bachelor’s degree in Real Estate, Business Administration, or a related field; Master’s degree preferred.
- Experience: Over five years of experience in property assessment, leasing, and real estate operations, focusing on the food and beverage industry.
- Training/License/Certification: Professional certifications such as Certified Commercial Investment Member (CCIM) are preferred.
- Essential Traits: Technical Competencies: Leasing and negotiation, financial analysis, market research. Essential Traits and Skills: Strategic thinking, analytical, collaborative, persistent, and organized.
- Preferably bilingual- fluent in both English and Arabic