The Real Estate Department Manager leads real estate operations, managing branch locations, lease negotiations, property portfolios, and expansion projects. Responsibilities include identifying new retail sites, negotiating leases, conducting financial feasibility studies, and overseeing property performance and costs. Candidates must hold a bachelor's degree and have 8 to 12 years of relevant experience in real estate management within the retail sector.
Job Purpose
To lead and manage the company's real estate operations, including branch locations, property management, lease negotiations, and expansion projects. The role is responsible for developing and executing real estate strategies that support the company's retail growth, securing prime locations, optimizing occupancy costs, and ensuring the efficient management of the company's property portfolio.
Key Responsibilities
- Real Estate Strategy & Expansion
- Develop and implement real estate strategies aligned with the company's business expansion plans.
- Identify and evaluate new locations for retail branches based on market potential, customer demographics, and business requirements.
- Lead site selection, feasibility studies, and location assessments for new branches.
- Support the company's expansion plans by identifying strategic retail opportunities.
- Leasing & Contract Management
- Lead lease negotiations with landlords, shopping malls, and property owners.
- Review and manage rental agreements, renewals, and contract terms.
- Ensure favorable lease conditions and optimize rental costs.
- Monitor lease expirations, renewals, and contractual obligations.
- Branch & Property Management
- Oversee the company's real estate portfolio and retail branch locations.
- Monitor property performance, occupancy costs, and rental expenses.
- Coordinate with internal departments to ensure branches meet operational requirements.
- Manage property-related issues and ensure timely resolution.
- Market Research & Financial Analysis
- Conduct market research to identify potential expansion opportunities.
- Prepare financial feasibility studies and investment evaluations for new locations.
- Analyze rental costs, return on investment, and location performance.
- Develop budgets and monitor real estate-related expenditures.
- Stakeholder & Team Management
- Build and maintain strong relationships with landlords, developers, brokers, and relevant authorities.
- Coordinate with Finance, Legal, Operations, and Expansion teams.
- Lead and develop the real estate team.
- Prepare periodic reports and recommendations for senior management.
Qualifications & Requirements
- Bachelor's degree in Real Estate, Business Administration, Finance, Engineering, or a related field.
- 8–12 years of relevant experience in real estate management, preferably within the retail sector.
- Proven experience managing large retail property portfolios and multiple branches.
- Strong experience in retail expansion, site selection, and lease negotiations.
- Solid understanding of the Saudi real estate and retail markets.
- Experience dealing with shopping malls, commercial centers, landlords, and property developers.
- Strong financial analysis, negotiation, and leadership skills.
- Saudi nationality is preferred.
Key Competencies
- Strategic Planning & Business Expansion
- Real Estate Portfolio Management
- Commercial Leasing & Negotiation
- Retail Site Selection
- Financial & Feasibility Analysis
- Stakeholder Management
- Leadership & Decision-Making
- Market Analysis
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