Head of Property Acquisitions
3 weeks ago
About the Role:
Third Space Support Office is seeking a highly skilled and experienced professional to lead the acquisition process for new sites within London. As the Head of Property Acquisitions, you will play a critical role in the company's growth strategy, working closely with the Property Director and CEO to identify and present potential new sites.
Key Responsibilities:
- Research and evaluate potential locations for new Third Space clubs, using market research, demographic studies, and financial analysis.
- Conduct negotiations with property owners and developers, in partnership with the Property Director, CEO, and their teams, and external consultants.
- Establish a strong and robust process for prospective acquisitions, including a hot spot catchment area focus, identifying off-market opportunities, and conventional and landlord/developer-led opportunities.
- Prepare board papers for new site investment proposals.
- Coordinate with Legal, Finance, and Operations teams to ensure acquisitions are in line with company strategy, profitability, and requirements.
- Develop and maintain strong relationships with retained agents, legal advisors, and other consultants.
Requirements:
- 5+ years of real estate acquisitions experience, preferably in retail, hospitality, leisure, or fitness.
- Proven negotiation and property transaction success.
- Deep knowledge of London, including property dynamics, investors, developers, agents, and demographics.
- Detailed understanding of commercial leases, including value drivers for tenants and landlords, and broad understanding of legal process for negotiating long leases.
- Knowledge of financial controls on capital expenditure throughout ongoing projects.
- Reporting and management of end-to-end acquisition process.
What We Offer:
As a valued member of the Third Space Support Office team, you will receive a competitive salary, comprehensive benefits package, and the opportunity to work with a dynamic and growing company. You will also enjoy complimentary membership to all Third Space health clubs, discounted prices on spa, medical, retail, and natural fitness food offerings, and access to first-class personal trainers.
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