Senior Property Acquisitions Manager

4 weeks ago

Croydon, Greater London, United Kingdom The Gym Group Full time
About The Gym Group

Welcome to The Gym Group, where fitness meets fun, and passion meets purpose. We're a nationwide community breaking down barriers to fitness, and we're on the lookout for a Senior Property Acquisitions Manager to join our incredible Gym Support team in Head Office.

Why Choose Us?

We're not your average gym. With over 230 gyms nationwide, we're the lowest cost 24/7 gym that believes in fun, innovation, inclusivity, and engagement. Our culture is our strength, and our people come first. At the heart of our culture lies a set of values that not only inspire but empower our teams to embrace the extraordinary.

Key Responsibilities
  • Conduct comprehensive market research to identify potential acquisition opportunities.
  • Analyse market trends, economic data, and real estate forecasts to inform acquisition strategies.
  • Undertake initial appraisal of the property and location for a potential successful gym operation considering accessibility, local demographic, visibility, competition, and physical suitability.
  • Assess the financial, planning, and legal aspects of potential properties to determine viability and profitability.
  • Work with external advisors to perform all necessary due diligence.
  • Collaborate with gym operational teams to consider all aspects of the proposed location.
  • Support property project managers in undertaking detailed technical appraisals and due diligence.
  • Develop financial models to evaluate the profitability and projected return on investment (ROI) of potential new gyms.
  • Prepare and present a consolidated site appraisal.
  • Lead negotiations with Landlords, agents, and other stakeholders to secure best financial terms considering the overall appraisal and site performance.
  • Structure deals that align with the organization's financial and strategic objectives.
  • Collaborate with internal teams, including finance, operations, gym product, and marketing, to ensure alignment and facilitate smooth acquisition processes.
  • Build and maintain relationships with external stakeholders such as brokers, investors, and local government officials.
  • Maintain engagement with gym operations, marketing, and gym opening teams to see a gym through to successful launch.
  • Develop and implement acquisition strategies that support the company's long-term property portfolio goals.
  • Identify and develop strategies for developing the gym regional and city networks.
  • Ensure compliance with all relevant laws, regulations, and industry standards.
  • Identify and mitigate risks associated with property acquisitions.
  • Foster a productive and inclusive team environment.
  • Provide leadership for property acquisition strategies and property development through collaboration and collective responsibility.
  • Prepare detailed reports and presentations for senior management outlining potential acquisitions, projections, and market analysis.
  • Communicate effectively with all levels of the organization to ensure transparency and alignment on acquisition activities.
  • Stay updated with changes in real estate laws, market conditions, and industry best practices.
  • Continuously seek opportunities for professional development and process improvements.
Requirements
  • Proven track record of delivering a continuous pipeline of property acquisitions in retail or leisure sectors.
  • An experienced negotiator with commercial acumen to secure the best locations and properties that will be financially successful.
  • Comprehensive knowledge and understanding of Landlord and Tenant matters.
  • A demonstrable strong network of property sector contacts.

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