Role Summary
The Leasing Executive will support the expansion of GMGs retail footprint by assisting in property acquisitions tenant relations and leasing documentation. This role is crucial for identifying potential leasing opportunities negotiating favorable leasing terms and collaborating with various departments to align leasing activities with GMGs business objectives. The Leasing Executive will liaise with developers landlords and internal teams to ensure smooth leasing operations while staying informed of property market trends and regulations.
Key Success Drivers including Accountabilities and Responsibilities
Assists in scouting for property acquisition opportunities for new store development / retail expansion across existing and new territories
Assists in identifying domestic / regional retail projects in the GCC and other identified / target countries
Collaborates with Business Units within GMG to understand and facilitate business requirements to ensure alignment with the project strategy and commercial goals
Liaises with developers/landlords and negotiates terms and conditions of leasing agreements for smaller accounts for the purpose of obtaining the best rates
Responds to tenants enquiries and complaints and ensures that it is resolved in a timely manner
Reviews leasing documents and highlights any exceptions to the management to ensure corrective actions are in place
Coordinates with the Legal function for any matters related to leasing to ensure that leasing activities are in compliance with GMGs statutory and legal requirements
Coordinates with the Finance team for payment of rentals or any other related financial issues
Compiles maintains and updates information related to leasing and provides regular reports to the Leasing Manager whenever required
Keeps abreast knowledge about leasing rates property laws changes in any rules and regulations and communicates it with GMGs business units in a timely manner
Acts a focal point of contact between GMGs Business Units and developers/landlords for leasing related matters
Functional/Technical Competencies
Leasing and Negotiation: Strong ability to negotiate and understand leasing terms.
Market Knowledge: Awareness of current leasing rates property laws and market trends.
Relationship Management: Proficient in managing tenant relationships and resolving issues diplomatically.
Documentation and Compliance: Familiar with leasing documentation legal compliance and financial coordination.
Educational Qualifications
Bachelors degree in Real Estate Business Administration or a related field.
Additional certification in Real Estate or Leasing Management is advantageous
Experience
A minimum of 6 years of relevant experience. Previous experience negotiating leasing agreements and collaborating with internal stakeholders is preferred.
Please note that Retail Leasing experience will only be considered.
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