Real Estate Manager Mr Price Group

Mr Price; Johannesburg; On-site; ZAR 700 000 - 900 000; Full time

Job summary

A leading retail company in Johannesburg is seeking a Real Estate Manager to oversee new store openings and property management. The ideal candidate will have a university degree in a related field and at least 5 years of experience in retail real estate. Responsibilities include conducting feasibility studies, negotiating lease agreements, and maintaining landlord relationships. Competitive compensation package offered.

Qualifications

• Minimum 5 years of retail real estate experience.
• Strong negotiation and property management skills.
• Ability to conduct feasibility analysis and research effectively.

Responsibilities

• Research market developments and conduct feasibility studies.
• Negotiate lease terms with landlords.
• Maintain relationships with landlords for store operations.

Skills

Research & Analysis

Stakeholder Engagement

Negotiation

Property Management

Education

University Degree in Legal, Commercial, or Property-related fields

Job description

As a Real Estate Manager based in Johannesburg, you will partner with various divisions to identify, evaluate, and secure opportunities for new store openings, expansions, reductions, closures, revamps, and other strategic site decisions. You will be responsible for driving gross square meter growth in alignment with divisional strategies.

Responsibilities

1. Research & Analysis
2. Keep abreast of new developments within the designated geographic scope to:
3. Conduct feasibility analysis and share insights (e.g., availability, measurements, capex) & commercial metrics to assist divisions in determining new store feasibility, including on-site investigations.
4. Monitor & track the completion of feasibility studies from divisions to ensure timely pipeline progress.
5. Use research & analytics to contribute to the annual strategic store review.
6. Stakeholder Engagement & Negotiation
7. Negotiate contractual terms & conditions with landlords / centre management for new and existing store locations, ensuring alignment with budget considerations and business needs. This includes preparing offer documentation with legal team support.
8. Property Management
9. Create & maintain long-term relationships with landlords / centre management for current & future store operations and assist divisions with property management issues.
10. Renewals
11. Negotiate and complete lease renewals within divisional mandates for all divisions within the financial year.

Requirements

• Education: University Degree in Legal, Commercial, or Property-related fields.
• Experience: At least 5 years of retail real estate experience.