Assistant Manager, Property Development & Asset Management

Lotuss Stores (Malaysia) Sdn Bhd; Kepong; On-site; MYR 120,000 - 180,000; Full time

Job summary

Lotuss Stores Malaysia Sdn. Bhd. is seeking an Assistant Manager to support property development and asset management activities, including site identification, feasibility analysis, financial modeling and lease management.

The role involves coordinating with internal teams and external partners to ensure timely, commercially sound property decisions while reviewing tenancy agreements and renewals. Strong analytical, communication and project management skills, plus proficiency in Excel and

Qualifications

• 3–5 years' relevant experience in property development, acquisition, asset management, leasing, retail property or related fields.
• Experience in site assessment, financial feasibility, commercial negotiation and lease management preferred.
• Strong analytical, communication, stakeholder management and project management skills.
• Proficient in Microsoft Excel and PowerPoint; GIS / mapping experience is an advantage.

Responsibilities

• Property Development & Site Assessment: Identify and evaluate potential sites through market research, site visits, demographics, catchment, traffic, competition and market potential analysis.
• Feasibility assessments and recommendations on site suitability; monitor the property development pipeline.
• Negotiation & Contract Review: Support negotiations with landlords, developers and other parties; review tenancy agreements from commercial and operational perspectives.
• Asset & Lease Management: Manage lease renewals, tenancy matters, monitor rental payments and property-related obligations.
• Reporting & Stakeholder Management: Prepare management / board papers, presentations and investment proposals; coordinate with Finance, Legal, Operations, Construction and other stakeholders.

Skills

Analytical skills

Communication skills

Stakeholder management

Project management

Microsoft Excel

PowerPoint

GIS / mapping experience

Education

Bachelor's Degree in Real Estate, Property, Business, Finance, Economics or related discipline

Tools

Microsoft Excel

PowerPoint

GIS mapping software

Job description

Assistant Manager, Property Development & Asset Management

The Assistant Manager supports property development and asset management activities, covering site identification, feasibility assessment, financial analysis, commercial negotiations and lease management. The role manages assigned workstreams independently within established guidelines and coordinates with internal and external stakeholders to support timely and commercially sound property decisions.

Key Responsibilities

Property Development & Site Assessment

Identify and evaluate potential sites through market research, site visits, demographics, catchment, traffic, competition and market potential analysis.

Conduct feasibility assessments and provide recommendations on site suitability.

Maintain and monitor the property development pipeline.

Prepare sales projections, financial simulations and feasibility assessments in collaboration with Finance.

Analyse rental, sales potential and other key commercial assumptions.

Negotiation & Contract Review

Support negotiations with landlords, developers and other counterparties for new sites and lease renewals.

Review LOO, HOT, tenancy agreements and other property documents from a commercial and operational perspective.

Identify key commercial risks and escalated matters requiring management or legal review.

Asset & Lease Management

Manage assigned lease renewals, tenancy matters and key contractual milestones.

Monitor rental payment, property taxes and other property-related obligations.

Coordinate with landlords and internal stakeholders to resolve property-related issues.

Reporting & Stakeholder Management

Prepare management / board papers, presentations and investment proposals.

Coordinate with Finance, Legal, Operations, Construction and other stakeholders.

Ensure assigned projects are delivered within agreed timelines and in compliance with Company policies.

Qualifications & Experience

Bachelor's Degree in Real Estate, Property, Business, Finance, Economics or related discipline.

3–5 years' relevant experience in property development, acquisition, asset management, leasing, retail property or related fields.

Experience in site assessment, financial feasibility, commercial negotiation and lease management preferred.

Strong analytical, communication, stakeholder management and project management skills.

Proficient in Microsoft Excel and PowerPoint; GIS / mapping experience is an advantage.

Supermarkets, Grocery & Petrol Retailing More than 10,000 employees

Lotuss Stores Malaysia Sdn. Bhd. (Registration No. 200001018812 (521419-K)) (formerly known as Tesco Stores (Malaysia) Sdn. Bhd.) is a member of the Charoen Pokphand Group Co., Ltd (C.P. Group) since December 2020.

Having acquired Tesco Malaysia’s business in December 2020, Lotus’s Malaysia has now assumed the operations of all existing Tesco stores, employing over 8,600 employees across one head office, two distribution centres, and 62 stores throughout Peninsular Malaysia. It also has Malaysia’s most extensive online grocery home shopping network with over 100 delivery trucks and operations in Penang, Johor Bahru, Melaka, Negeri Sembilan, and Ipoh.

Lotuss Stores Malaysia Sdn. Bhd. (Registration No. 200001018812 (521419-K)) (formerly known as Tesco Stores (Malaysia) Sdn. Bhd.) is a member of the Charoen Pokphand Group Co., Ltd (C.P. Group) since December 2020.

Having acquired Tesco Malaysia’s business in December 2020, Lotus’s Malaysia has now assumed the operations of all existing Tesco stores, employing over 8,600 employees across one head office, two distribution centres, and 62 stores throughout Peninsular Malaysia. It also has Malaysia’s most extensive online grocery home shopping network with over 100 delivery trucks and operations in Penang, Johor Bahru, Melaka, Negeri Sembilan, and Ipoh.