Real Estate Manager

Purpose & Overall Relevance for the Organization :

This role is responsible to maximize the profitability of Retail by securing Real Estate in alignment with the adidas store growth targets for the dedicated region.

This function will be accountable for identifying potential sites, assessing their viability, lease negotiation of sites as well as ensuring that financial hurdles are met in the overall development of adidas Group store locations. Manage and process occupancy expenses for adidas retail. Maintain the Lease Management System, document control and reporting.

Key Responsibilities :

Functional.

To identify and evaluate all real estate opportunities through executing strategic portfolio planning, site visits, site selection metrics and criteria, demographic analysis, and research to ensure the best locations for the brand are secured.

To manage metrics and criteria for which site selection decisions will be made (research analytics, financial performance, revenue prediction models)

To negotiate letters of intent and key lease deal points to the brand’s advantage

To present the adidas Group’s retail concepts to prospective landlords

To identify franchise opportunities with multiple and cross border landlords to achieve best possible deal making.

To manage external Real Estate resources in locating and evaluating potential sites, especially the cross-border strategic landlords

To manage the creation of site justification packets as part of the capital approval processes.

To evaluate existing store portfolio to actively drive rent reductions, recommend lease renewals and terminations and negotiate renewals and extensions where appropriate.

Key Relationships :

Global Retail Centre of Excellence (CoE)

Customers / Partners & Landlords

CoE Expansion

Market Retail team

Retail Back Office (RBO) team (within both Lead and Multifunctional Markets)

Regional Real Estate Director

Franchise & Retail Director & Managers

Manager Store Development

Knowledge, Skills, and Abilities :

Good IT skills (Word, Outlook, Excel, PowerPoint)

Good numeracy, literacy, verbal, and written communication skills

Ability to travel up to 50% of the time within KSA

Real Estate market across KSA

Requisite Education and Experience / Minimum Qualifications :

Functional : 6-8 years retail specific real estate site selection experience, preferably with a major mall-based retailer

Industry : ideally in apparel / fashion / shoes or FMCG

Leadership : Previous experience managing a team

Fluent in both Arabic & English (Read, Write and Speak)

Exposure : sports, store implementation, real estate community, legal partners

University degree with an emphasis in real estate or finance preferred, or equivalent professional experience.