Job Purpose

Define precisely why the job exists (in 2-3 sentences).

To identify and secure key real estate/locations for new openings to support business expansion and brand positioning in selected cities.

Key Responsibilities

Describe the key outputs of the job must be achieved in order to fulfill the overall purpose of the job.

Strategic Planning

·         Strategic planning of sites and real estate portfolio, including site visits, demographic profiling regionally, and site selection

·         Coping with the expansion plan, to drive the planning and monitoring the future expansion (the 3 years long range plan)

·         Routine review of existing retail portfolio and identifying opportunities for financial growth through investing in additional real estate or closing locations in unprofitable sites

Site Selection, Evaluation & Deal Making

·         Identify, secure and negotiate for potential locations according to the strategic growth plan

·         Conduct site visits and inspections, understanding & researching of the markets, e.g. comparable rental, lease terms & conditions, demographics, market conditions, competitions, traffic, brand adjacency, customer profiles, etc

·         Evaluate and manage existing portfolio

·         Lease renewals of closure in line with company’s objectives

·         Negotiate for the most favorable terms and conditions for the company, including lease period, rental, rent-free period, landlord’s provision, signage / advertising opportunity, etc.

Lease Execution and Administration

·         Manage and direct tenancy administration

·         Work closely with landlords, legal & solicitors to negotiate and finalize contractual agreements

Network Building and Key Partners with Internal Teams

·         Maintain and solidify excellent relations with major property developers / landlords / agents / government bodies through extensive interactions

·         Key point of contact between landlords and internally wit related teams

·         Key partner with Retail in preliminary sales projections and Proforma preparation

·         Key partner with Real Estate Legal / solicitors in negotiating and finalizing contractual agreements

·         Key partner with PSD in store design, fit-out scheme and schedules

·         Key partner with Finance regarding managing lease cost, closing stores, opening stores