Senior Associate - Leasing

Chalhoub Group; Jeddah; On-site; SAR 200,000 - 260,000; Full time

Benefits offered by this job

Health care

Employee discounts

Remote work policy

Job summary

Chalhoub Group in Jeddah seeks a leasing professional to manage its retail property portfolio, drive site selection and lease negotiations, and oversee budgeting and store openings within a dynamic luxury retail environment.

The role requires preparing leasing plans, due diligence on locations, and ensuring compliant documentation and timely lease renewals, while collaborating with legal, finance, and marketing teams to optimize the network's growth.

Responsibilities

• Managing the organization’s retail property portfolio, including site selection, lease negotiations, budget analysis, store openings, and uploading leasing contracts to government platforms.
• Follow all relevant Division policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner.
• Follow the day-to-day activities related to own job with minimal supervision to ensure continuity of work.
• Prepare and implement leasing plans and leasing tactics to exploit the current market supply (malls) and generate future locations for retail network outlets.
• Prepare a target list of prospective locations suitable for the type of outlets required for the business.
• Prepare mall profile and perform due diligence on prospective locations as appropriate.
• Negotiate and finalize lease terms in line with prevailing business guidelines, budgets, and any other conditions required by the business.
• Ensure that all documentation is correctly prepared and is signed by the authorized stakeholders.
• Maintain awareness of local legal procedures and practices, ensuring they are upheld and/or not contradicted in lease terms.
• Ensure that lease agreements are renewed in time and changes in terms and condition or rentals are correctly recorded.
• Prepare progress reports on weekly/monthly/annual basis as appropriate, on the current status of the business; provide comments on the assessment of future market trends and prospects and propose measures and strategies to achieve or exceed the projected target.
• Evaluate historical performance, and market information on future market trends, to arrive at a rational budget projection both in terms of units and revenue so as to contribute effectively to meeting company's overall objectives set for the year.
• Review the actual performance against budget on a regular basis to ensure that projected units and revenue targets are being achieved. In case of a short fall, examine the reasons and take corrective measures to bring it back on target.
• Undertake Marketing Initiatives as applicable to the portfolio including competition database and new marketing strategy that is within the budget, not exhaustive and reviewed and updated as necessary.

Job description

INSPIRE | EXHILARATE | DELIGHT

For over seven decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East. In its pursuit to excel as a hybrid luxury retailer, the Group has curated a portfolio of over 10 owned brands and strengthened its distribution and marketing expertise for over 400 international names across luxury fashion, beauty, jewellery, watches, eyewear, and art de vivre categories.

Every step at Chalhoub Group is taken to build a future where luxury dreams become reality — bridging cultures and crafting memorable experiences for our consumers. Be it by constantly reinventing itself, committing to innovation, or embracing new technologies, the Group is shaping the future of luxury retail. It delivers seamless omnichannel experiences across more than 950 stores, online platforms, and mobile apps. Driving this innovation journey is The Greenhouse — the Group’s innovation hub, incubator, and accelerator for startups and emerging businesses, regionally and globally.

Chalhoub Group fosters a people-at-heart culture rooted in diversity, equity, and inclusion, and a workplace catalysed by forward thinking and future-proofing. Today, it brings together over 16,000 talented professionals across eight countries in the Middle East, with a presence in LATAM.

Sustainability is at the core of the Group’s strategy, guided by a clear commitment to people, partners, and the planet. Chalhoub Group is proud to be a member of the United Nations Global Compact, a signatory of the Women’s Empowerment Principles, and to have pledged to reach Net Zero by 2040.

What You’ll Be Doing

The role is responsible for managing the organization’s retail property portfolio, including site selection, lease negotiations, budget analysis, store openings, and uploading leasing contracts to government platforms.

Organizational

Follow all relevant Division policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner.

Operational

Follow the day-to-day activities related to own job with minimal supervision to ensure continuity of work.

Planning

Prepare and implement leasing plans and leasing tactics to exploit the current market supply (malls) and generate future locations for retail network outlets.

Prepare a target list of prospective locations suitable for the type of outlets required for the business.

Prepare mall profile and perform due diligence on prospective locations as appropriate.

Negotiate and finalize lease terms in line with prevailing business guidelines, budgets, and any other conditions required by the business.

Legal

Ensure that all documentation is correctly prepared and is signed by the authorized stakeholders.

Maintain awareness of local legal procedures and practices, ensuring they are upheld and/or not contradicted in lease terms.

Ensure that lease agreements are renewed in time and changes in terms and condition or rentals are correctly recorded.

Financial Analysis And Reporting

Prepare progress reports on weekly/monthly/annual basis as appropriate, on the current status of the business; provide comments on the assessment of future market trends and prospects and propose measures and strategies to achieve or exceed the projected target.

Evaluate historical performance, and market information on future market trends, to arrive at a rational budget projection both in terms of units and revenue so as to contribute effectively to meeting company's overall objectives set for the year.

Review the actual performance against budget on a regular basis to ensure that projected units and revenue targets are being achieved. In case of a short fall, examine the reasons and take corrective measures to bring it back on target.

Marketing

Undertake Marketing Initiatives as applicable to the portfolio including competition database and new marketing strategy that is within the budget, not exhaustive and reviewed and updated as necessary.

What We Can Offer You

With us, you will turn your aspirations into reality. We will help shape your journey through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility. Our Group offers diverse career paths for those who are extraordinary, every day.

We recognize the value that you bring, and we strive to provide a competitive benefits package which includes health care, child education contribution, remote and flexible working policies as well as exclusive employee discounts.

Using GenAI in Your Application Process

To support a fair and consistent experience for all candidates, we ask that assessments and interviews are completed independently and without assistance from generative AI tools. This ensures we understand your strengths, you're thinking, and how you approach real situations.

It Takes Diversity of Thought, Culture, Background, Differing Abilities and Perspectives to truly Inspire, Exhilarate and Delight our customers. At Chalhoub Group, we are committed to inclusion and diversity.

We ensure equal opportunity for all our applicants without regard to gender, age, race, religion, national origin or disability status.