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Leasing Manager - Commercial Real Estate

5.00 to 8.00 Years   Al Kuwait, Kuwait   19 Mar, 2024
Confidential Company
1 Jobs Openings
Job LocationAl Kuwait, Kuwait
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryReal Estate
Functional AreaNot Mentioned

Job Description

Job˙Purpose˙˙To lead all aspects of a Project Leasing program through utilization of market knowledge and industry contacts to maximize rental income and deliver sustainable schemes.Job Responsibilities˙˙Description:

  • Undertake preliminary market research studies to support project feasibility.
  • Prepare project packages to support the leasing program.
  • Using available data and market knowledge prepare the leasing plan and merchandise mix.
  • Establish and grow a contact network of tenants through frequent communication and meetings.
  • Develop and maintain a database of potential tenants including specific brand requirements, preferred adjacencies and special conditions.
  • Ensure awareness and understanding of existing and future projects in the market enabling leasing strategies to be adapted for best results.
  • Prepare weekly leasing progress report.
  • Compile tenant packs for consideration by the Leasing Committee.
  • Monitor project progress against key milestones and keep the tenants advised accordingly in turn ensuring mitigation strategies are invoked in the event of default.
  • Oversee the preparation and conclusion of leasing documents in accordance with Company Policy and Legal requirements.
  • Work with Lease Administration to ensure remittance of rental cheques and other associated fees and costs pursuant to the Lease.
  • Seek to ensure occupancy levels at existing assets remain at 100% through proactive asset management, liaison with Mall teams and awareness of lease expiry timelines.
  • Provide guidance to the Team, assign workload and deliver appropriate training and mentorship to enable them to perform their duties at an optimal level.
Reports:
  • Weekly leasing progress.
  • Monthly project overview including leasing progress, financial targets, key tenant updates and risk register.
Key Interaction / StakeholdersInternal:
  • Marketing
  • Legal
  • Finance
  • Engineering
External:Existing and prospective tenantsReal Estate networkLand owners

Keyskills :

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