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Leasing Manger

1.00 to 10.00 Years   United Arab Emirates   09 Aug, 2022
Al Futtaim Group
1 Jobs Openings
Job LocationUnited Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

National_Leasing MangerOverview of the Role:As Assistant 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 and negotiate the lease agreements of the Al Futtaim Retail stores. 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:

  • Timely and accurate management, negotiation and formalization of all Retail Leasing related within the assigned portfolio as well as continuous communication and building 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.
  • 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.

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