Director, Airport & Commercial Real Estate

Greater Toronto Airports Authority; Toronto; On-site; CAD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a visionary Director of Airport & Commercial Real Estate to lead transformative initiatives at Canada’s busiest airport. This pivotal role involves developing and executing a robust commercial real estate strategy, maximizing revenue, and engaging with key stakeholders. The ideal candidate will possess extensive experience in real estate management, financial analysis, and team leadership. Join this innovative firm to shape the future of Toronto Pearson and be part of a legacy that prioritizes sustainability and passenger experience.

Qualifications

• 10 years' experience in commercial real estate with a complex customer base.
• Experience in financial analysis, budgeting, and forecasting.

Responsibilities

• Develop and implement commercial real estate strategy for GTAA.
• Lead acquisition and disposition processes, ensuring stakeholder engagement.

Skills

Commercial Real Estate Management

Financial Analysis

Negotiation Skills

Team Leadership

Stakeholder Management

Data Analytics

Communication Skills

Strategic Thinking

Education

Post-Secondary Degree in Real Estate

Business Management

Tools

Microsoft Office Suite

Job description

Join to apply for the Director, Airport & Commercial Real Estate role at Greater Toronto Airports Authority

Your way forward: Join Canada’s busiest airport as our next Director, Airport & Commercial Real Estate

Do you want to help transform Toronto Pearson into the global airport of the future? We’re committed to becoming one of the most advanced, sustainable, and passenger-friendly airports in the world – and we need your help. This is your chance to play an essential role: building the story of Pearson’s transformation and engaging meaningfully with a range of critical partners to build trust and support for organizational mandates and priorities.

Position Summary:

The Director, Airport & Commercial Real Estate is a pivotal role within our Commercial Leadership team. Reporting to the Executive Director, Commercial Development, this position will spearhead the development and execution of our commercial real estate strategy, driving maximum revenue, efficiency, and effectiveness from our land and real estate portfolio. The ideal candidate will be a strategic thinker with a proven track record in real estate development, portfolio management, and team leadership.

As Director, Airport & Commercial Real Estate, you will:

1. Develop and implement the commercial real estate strategy, for the GTAA and Subsidiary real estate holdings on a near and mid-term basis, ensuring alignment to the organization's long-term planning vision.
2. Oversee the strategic, sustainable, and healthy growth of GTAA’s Real Estate revenue, and responsible for all aspects of its growth, development, build, and negotiation.
3. Identify and assess opportunities to maximize portfolio value and enterprise objectives.
4. Oversee enterprise processes and documentation to support tenant and enterprise workflow.
5. Lead robust acquisition and disposition processes, including due diligence, stakeholder management, and deal closure.
6. Be accountable for overall P&L, KPI target setting and achievement, budgeting, and revenue forecasting.
7. Develop annual budgets, forecasts, and business plans, providing P&L oversight and financial analysis.
8. Introduce and leverage enhanced capabilities in data analytics and technology systems to address strategic and operational business opportunities, drive team and enterprise process efficiencies, and generate insights that inform meaningful action.
9. Build and maintain strong relationships with internal and external stakeholders, including tenants, operators, government agencies, and industry professionals.
10. Model the GTAA leadership behaviors to support and further the business’ vision through building and development of a diverse, multi-skilled team.

This is a chance to be on the frontline of history at Toronto Pearson. To do so, you will bring:

1. Post-Secondary degree in Real Estate, Business Management and/or equivalent education and work experience.
2. 10 years’ experience in a commercial real estate environment or similar with demonstrated experience in serving a large and complex customer base.
3. 10 years’ experience in real estate management and development, including managing new business development and acquisition/expansion programs.
4. 7 years’ experience in People Management, directly or indirectly through cross-functional teams.
5. Ability to obtain and retain Transportation Security Clearance.

At Toronto Pearson, we value a wide range of experience. Consider this role if you have:

1. Experience in financial analysis, budgeting, and forecasting.
2. Excellent negotiation, communication, and interpersonal skills.
3. Ability to think strategically and generate innovative ideas, identify creative alternatives, and operate in a complex environment.
4. Ability to negotiate with competing interests and prioritize alternatives.
5. Ability to develop proposals, business cases, requests for proposals, and property appraisals and present to a diverse client base.
6. Proven ability to manage tenant relationships and work with outside contractors.
7. Strong knowledge of commercial real estate leasing including lease clauses and terminology.
8. Excellent ability to manage deadlines with conflicting priorities and timelines.
9. Ability to lead and inspire teams to achieve outstanding results.
10. Strong proficiency using Microsoft Office suite (Word, Excel, PowerPoint, Outlook).

At Toronto Pearson, our future is unlimited because we are building it. Our work is not just about building the foundation for the airport of tomorrow but about creating careers in a cutting-edge environment. Be a part of this once-in-a-lifetime chance to build our legacy.

Let’s do this together!

Seniority level

• Director

Employment type

• Full-time

Job function

• Business Development and Sales

Industries

• Airlines and Aviation