Specialist Real Estate Mena
Dubai, United Arab Emirates
Job Description
Purpose & Overall Relevance for the Organization:
This role is responsible to maximize the profitability of Retail by securing Real Estate in alignment with the adidas store growth targets for the dedicated region.
This function will be accountable for identifying potential sites, assessing their viability, lease negotiation of sites as well as ensuring that financial hurdles are met in the overall development of adidas Group store locations. Manage and process occupancy expenses for adidas retail. Maintain the Lease Management System, document control and reporting.
Key Responsibilities:
- To identify and evaluate all real estate opportunities through executing strategic portfolio planning, site visits, site selection metrics and criteria, demographic analysis and research to ensure the best locations for the brand are secured
- To manage metrics and criteria for which site selection decisions will be made (research analytics, financial performance, revenue prediction models)
- To negotiate letters of intent and key lease deal points to the brand’s advantage
- To present the adidas Group’s retail concepts to prospective landlords
- To identify franchise opportunities with multiple and cross border landlords to achieve best possible deal making
- To manage external Real Estate resources in locating and evaluating potential sites, especially the cross-border strategic landlords
- To manage the creation of site justification packets as part of the capital approval processes.
- To evaluate existing store portfolio to actively drive rent reductions, recommend lease renewals and terminations and negotiate renewals and extensions where appropriate
Key Relationships:
- Global Retail Centre of Excellence (CoE)
- Customers/Partners
- Market Retail team including:
- Retail Back Office (RBO) team (within both Lead and Multifunctional Markets)
- Regional Real Estate Director
- Franchise & Retail Director & Managers
- Manager Store Development
Knowledge, Skills and Abilities:
- Good IT skills (Word, Outlook, Excel, PowerPoint)
- Good numeracy, literacy, verbal and written communication skills
- Geographical mobility - able to travel up to 50% of the time
Requisite Education and Experience / Minimum Qualifications:
- Functional: 4 years retail specific real estate site selection experience, preferably with a major mall-based retailer
- Industry: ideally in apparel/fashion/shoes or FMCG
- Exposure: Sports, store implementation, Real estate community, legal partners
- University degree with an emphasis in real estate or finance preferred, or equivalent professional experience
AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE‘S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE – THE 3CS: CONFIDENCE, COLLABORATION AND CREATIVITY.
- CONFIDENCE allows athletes to make quick decisions on the field, to reach higher. For us at adidas confidence means acknowledging that we don’t have all the answers. But we are willing to take risks, we try new things. And if we fail, then this is part of our learning – it helps us improve. COLLABORATION. Every elite athlete relies on partners: coaches, teammates, and nutritionists. We, too, know that we are stronger together. Winning as one team takes open and candid dialogue, inclusiveness and trust in each other’s abilities and talents. Being the best sports company in the world takes CREATIVITY. No great athlete succeeds by copying their predecessors’ training plans and strategies. We have to be open to new ideas, explore, gain an edge and stand out. Only then can we succeed.
ADIDAS CELEBRATES DIVERSITY, SUPPORTS INCLUSIVENESS AND ENCOURAGES INDIVIDUAL EXPRESSION IN OUR WORKPLACE. WE DO NOT TOLERATE THE HARASSMENT OR DISCRIMINATION TOWARD ANY OF OUR APPLICANTS OR EMPLOYEES. WE ARE AN EQUAL OPPORTUNITY EMPLOYER.
JOB TITLE:
Specialist Real Estate MENA
BRAND:
adidas
LOCATION:
Dubai
TEAM:
Retail (Back Office)
STATE:
DU
COUNTRY/REGION:
AE
CONTRACT TYPE:
Full time
NUMBER:
479751
DATE:
Sep 6, 2022
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Job Detail
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Job IdJD1449983
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned