Property Manager

Americana Restaurants; Saudi Arabia; On-site; SAR 120,000 - 160,000; Full time

Job summary

A leading company in the restaurant sector seeks an experienced leasing professional to manage and negotiate lease agreements. The role involves liaising with landlords, preparing renewal paperwork, and ensuring financial viability of leases. Candidates should have a strong background in multi-unit development and excellent negotiation skills.

Qualifications

• 8-10 years of post-graduate experience, preferably with multi-unit development.
• High professional integrity and confidence.

Responsibilities

• Negotiate deals and manage lease renewals.
• Maintain relationships with Landlords and owners.
• Monitor property costs and challenge where appropriate.

Skills

Negotiation

Customer Service

Commercial Acumen

Job description

Job Functions:

• Meet Landlords, negotiate deals, ensure financial viability, assess store performance, and manage renewal and legal processes for lease review.
• Prepare paperwork for renewals and obtain necessary approvals.
• Liaise with Internal Teams, Lease Administration, Finance, and Legal to facilitate a smooth renewal process.
• Manage daily and weekly leasing reports.
• Proactively initiate lease renewals 6 months prior to lease expiry or critical date.
• Maintain an up-to-date database of the current portfolio and lease details to secure early lease renewals.
• Stay informed about new strategic developments within each Trade Zone.
• Maintain relationships with various Landlords and owners.
• Minimize property cost inflation for the Restaurants portfolio and deliver cost reductions to the business.
• Monitor all property costs and charges, challenge where appropriate (including Rent, Rates, Service Charges, Insurance, dilapidations), and instruct specialists to negotiate settlements.
• Build a comprehensive profile for each store, including land deed, owner ID, utility bills, official layout, etc.
• Facilitate cost-effective disposal of closed or surplus stores in line with market conditions.
• Develop strategies and promote best practices for effective negotiation.
• Identify and implement store optimizations, such as internal or external carve-outs.
• Identify and close non-utilized assets.
• Return unutilized space to Landlords.

Knowledge and Skills Required:

• 8-10 years of post-graduate experience, preferably with multi-unit development.
• High professional integrity, confidence, and consistency.
• Ability to stand firm in opinions, handle conflicts, and work effectively with experienced Landlords.
• Process-driven with broad commercial acumen and determination.
• Excellent customer service and negotiation skills.