Real Estate Development Leader

IKEA; Bengaluru; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

IKEA in Bengaluru is seeking a senior leader in real estate development to drive secure, sustainable, and compliant property solutions for large-scale retail and mixed-use developments. You will manage acquisitions, zoning, and permitting while coordinating internal teams and external consultants.

You will build relationships with authorities and communities, ensure value-driven decisions, and oversee off-site improvements and project handovers.

Qualifications

• Some university degree in law/urban planning/business administration/architecture.
• Experience in large-scale retail real estate development and negotiations.
• Knowledge of permits, zoning, planning, and development processes.

Responsibilities

• Lead securing and divesting locations following Ingka real estate scope.
• Own and minimize costs and risks related to acquisition, zoning, planning, permits, value and operation of properties.
• Coordinate external consultants and stakeholders for real estate development tasks.
• Support development of internal strategies and processes for assignments.
• Engage with local authorities and communities to gain support for development and permitting.
• Lead approval and execution of public infrastructure and off-site improvements.
• Collaborate with IKEA functions, partners, and authorities to finalize projects and hand over documentation.

Skills

Leadership

Real estate development

Negotiations

Stakeholder management

Project management

Compliance

Sustainability

Education

Law degree

Urban planning

MBA

Architecture

Job description

Who you are

As a person you are passionate about people, business, IKEA's purpose and continuously driving better performance. You are energized by increasing customer value, driving business growth and contributing to overall success and results through people as well as motivated by leading and developing people. We believe you have knowledge in the following areas:

• Experience at management level from large-scale retail real estate development
• Experience in contract negotiations with landowners, landlords and other parties.
• Experience of dealing with authorities
• Academic degree in law/urban planning/business administration/architecture
• Project management: Knowledge of how to initiate, plan, execute, control and close a project.
• Real estate development: Knowledge of the whole process for land scouting, acquisition, zoning, planning, development and permitting for large scale retail and/or mix use developments including retail.
• Sustainable real estate development: Knowledge of how to assess a site (greenfield or brownfield) meeting set sustainability requirements when doing real estate development. Knowledge of how to incorporate sustainability requirements into due diligence process
• Knowledge of the internal real estate development processes, instructions, rules, templates and approval process, including coordination of stakeholders, to secure locations.
• Real estate Leases: Knowledge about how to investigate, negotiate & structure, secure permits, and acquire premises.
• Innovative and open to new solutions with a passion for doing business, always keeping sustainability in mind.
• Leading business and people together.
• Deliver results within a given framework.

Your responsibilities

• Lead the work to secure and divest locations according to the real estate scope in Ingka, by delivering safe, compliant, sustainable and innovative property solutions that meet the needs of the business and the many people.
• Own, control and minimize costs and risks related to the acquisition, divestment, zoning, planning, permitting, value and operation of Ingka properties.
• Manage the procurement and contribution of all necessary external consultants and other stakeholders to enable tasks related to real estate development,
• Support definition, development and securing implementation of Ingka Groups’ internal strategies and processes related to the assignment.
• Develop working relations with local authorities and communities, and proactively engage with authorities to gain support for development, planning and permitting of Ingka business such as big box retailing, large property developments, logistic developments, shopping centers and mix-use developments.
• Lead and supervise the approval and execution of all public infrastructure, utilities and other off-site improvements in connection to all new and existing IKEA properties.
• Work with other Ingka functions, real estate partners and local authorities to finalize the projects pending legal obligation and ensure the satisfactory hand-over of completed projects along with the relative documentation to other functions after completed acquisitions (title) and permits approval (building permit).
• Create an environment where the IKEA culture is a strong and living reality that embraces the diversity of co-workers and customers

Together as a team

Without us it would be difficult to meet our customers in person. In our team we find, develop and manage IKEA properties around the whole world. We're different from one another but we are all passionate about real estate. We challenge and inspire each other to always stay close to IKEA customers and to understand how the changes within retail effects our needs of real estate.

As engaged, open-minded and curious experts in all parts of the real estate business we take responsibility for the real estate business at Ingka Group as a trustworthy, appreciated and wanted business partner. We secure new and maintain existing physical locations to meet the needs of many people. We provide strategic insight based on our knowledge and understanding of the real estate portfolio in Ingka. We take the lead in delivering safe, compliant, sustainable and innovative property solutions - with Democratic design and life cycle cost on top of our mind. We actively maintain and secure that our properties are kept in relevant shape for the business.

Studies show that members of underrepresented communities don't apply for jobs unless they're 100% 'qualified'. If this is part of the reason you hesitate to apply, we like you to reconsider and give it a chance. Maybe your profile fits our needs much better than you think. We look forward to receiving your application.

From: 'Why Women Don't Apply for Jobs Unless They're 100% Qualified' by Tara Sophia Mohr, August 2014'