Real Estate Director
5 months ago
Claire's are looking to appoint a Real Estate Director to proactively manage and negotiate all new store openings, closings, lease renewals, lease re-gears and rent reviews in the UK, ROI, Germany, Austria, Poland, Czech republic, Hungary countries and assist with the daily and strategic management of the retail property portfolio within the assigned territory.
We can offer this role on a hybrid basis working 1-2 days a week from our European HQ in Birmingham. The role will naturally involve some travel around the UK and the Countries covered in this territory.
Kay responsibilities to include:
- Identify locations for new store openings (prospecting direct and via agents) at best market conditions.
- Negotiate with Key stakeholders internal and external to company all financial, technical and legal aspects of new store opening, until final definition of HOT
- Prepare all relevant documentation for board approval of new Store openings/Relocations/closures/lease renewals
- Identify and manage outstanding and forthcoming lease events to ensure that they are handled in a timely fashion to maximize cost saving opportunities.
- Negotiate and secure the best commercial terms for lease renewals and lease re-gears to maximize revenue and minimize occupancy costs.
- Financially appraise and evaluate lease transactions to ensure that they provide best value. Prepare and present papers for Board approval.
- Agree Heads of Terms on Board approved lease renewals and re-gears and coordinate the legal process through to completion in line with corporate policies and procedures.
- Conduct effective lease management to identify opportunities for lease re-gears to secure occupancy cost savings.
- Establish relationships with landlords and asset managers to influence, communicate and enable collaborative working to achieve desired results.
- Negotiate and agree rent reviews in accordance with market conditions
- Manage the performance of external agents, solicitors and lawyers dealing with rent reviews and lease renewals in France, Netherlands, Luxembourg and Switzerland to ensure that they deliver on time and under budget.
- Prepare annual rent budgets and assist with the annual departmental budgeting process and monitor thereafter to maintain control of expenditure and ensure that adequate provision is made for future rent liabilities.
- Manage a team of 3 support staff, providing guidance and leadership to enable high performance of the team and continued growth
- Support the Executive Director RE & Construction EU in the day to day management of the portfolio and provide support, guidance and advice on property related matters to other internal departments.
What are we looking for?
- MRICS qualified with minimum 3 years PQE.
- Demonstrate strong negotiation skills in dealing with lease renewals and rent reviews in a retail environment in the territory assigned
- Self-motivated and results focused to achieve savings against plan.
- Understand budget and financial aspect and tools, related to Real Estate and Store Construction expenditure
- Retail Estates Management on small/medium surfaces experience preferred
- Good communicator, able to build effective relationships within the business and the external market and proactively manage external agents and solicitors.
- English speaker
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