Qureos

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Property Manager

Riyadh, Saudi Arabia

Purpose of the Role:

Working closely with the Real Estate Director to manage the current portfolio and relationship with Landlords. Lease Renewal / Negotiating Rental / Rental Saving / Negotiating Lease Term in accordance with Americana’s Terms and Conditions / Managing Store’s Closures.


What You’ll Own:

  • Meet Landlords, negotiate deals, ensuring financial viability, assessing store performance then managing renewal process and legal process for Lease review.
  • Preparation of paperwork for renewal and obtaining approvals.
  • Liaising with Internal Team, Lease Admin, Finance, Legal to facilitate and ensure a smooth renewal process.
  • Manage daily and weekly leasing reports.
  • Be proactive initiating Lease renewals 6 month in prior to Lease Expiry or Critical Date
  • Maintain up to date database for the current portfolio and lease details in order to secure early Lease renewals.
  • Maintaining awareness of new strategic developments within each Trade Zone.
  • Maintain relationship with various Landlords and owners.
  • Minimize property cost inflation for Restaurants portfolio and deliver reduced cost to the business.
  • Monitor all property costs and charges and challenge where appropriate (incl. Rent, Rates, Service.
  • Charge, Insurance, dilapidations claims); instruct specialist consultants to negotiate optimum settlements.
  • Build a strong and reliable profile for each store including but not limited to (Land deed, owner ID, Electricity Bill, Water Bill, Official layout, etc.)
  • Deliver cost effective disposal of closed/surplus stores (in line with market conditions)
  • Agree strategy & encourage best practice for effective negotiation.
  • Identify and deliver store optimization such as internal or external carve outs.
  • Identifying and closing non utilized assets
  • Returning unutilized space to Landlord.


Qualification, Experience & Skills:

  • University Degree (Bachelors)
  • 8-10 years of experience with a multi-unit development
  • Professional integrity with confidence and consistency
  • Steadfast in opinions/able to deal with conflict / experienced Landlords
  • Process driven with Broad commercial acumen and determination
  • Demonstrate excellent customer service and negotiation skills

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