DIRECTOR REAL ESTATE RYA658

DIRECTOR REAL ESTATE RYA658

31 ago
|
Foot Locker
|
Barcelona

31 ago

Foot Locker

Barcelona

Our global house-of-brands inspires and empowers youth culture. Relentlessly committed to fuel a shared passion for self-expression, we create unrivaled experiences at the heart of the sport and sneaker communities through the power of our people. If you want to be a part of something bigger than you can imagine, you’ve come to the right place. To learn more about the incredible impact we’re making on both our local and global communities, Click Here!





The Director Real Estate’s plays an instrumental role in managing the real estate portfolio of the Countries they are responsible for. The Director RE’s main responsibility is to identify new locations, relocations and expansions opportunities.

The incumbent also conducts market analyses in order to assess the viability of those opportunities by means of analysing local economies, demographic changes, competitive evolutions and any influencial parameters relevant to the time of the analysis.



RESPONSIBILITIES



Site Finding



- Carry out market analysis to obtain recent comparable lease sales and level of rent recently paid for locations in the market;

- Prepare Power Point narrative following outlined format. In so describing the markets: economy, demographics and competition;

- Review CAR’s (Capital Authorization Requests) for content and accuracy;

- Present opportunities and make recommendations to management at monthly CSX, GM and REC Meetings in the European Headquarters;

- Negotiate financial and legal lease terms;

- Close transactions with the landlords.



Cancel non-strategic leases



- Identify existing store locations that do not have the opportunity to obtain sales and cash flow, which will cover Foot Locker’s cost of capital;

- Carry out market analysis to obtain recent comparable lease sales and the level of rent paid to determine the lease cancellation payment to be paid or received;

- Carry out financial analysis to determine whether the lease should be cancelled and the amount of payment that should be received or paid to cancel the lease;

- Present opportunities and make recommendations to management at monthly RE Meetings in the European Headquarters;

- Negotiate the lease cancellation transaction.





Negotiate Rent Reductions



- Carry out market analysis to obtain the rent paid for recent comparable lease transactions;

- Negotiate rent reductions with Landlords;

- Present opportunities and make recommendations to management at monthly RE Meetings in the European Headquarters;

- Close the transaction.





Lease Renewals



- Carry out market analysis to determine current and continued viability of the market. The market analysis will determine the continued viability of the market by analyzing the economy, demographics and competition;

- Carry out market analysis to obtain recent comparable lease sales and level of rent paid for locations in the market;

- Prepare Power Point narrative following outlined format. In so describing the markets: economy, demographics and competition;

- Review CAR financial reports for content and accuracy;

- Monitor and manage lease renewals;

- Present opportunities and make recommendations to management at monthly RE Meetings in the European Headquarters.





Real Estate Management



- Support and liaise with all supporting functions involved in Real Estate projects such as Legal, Finance, and Construction;

- Review rent, CAM and Real Estate tax increases that are billed by the landlord to determine their appropriateness under the terms of lease;

- Negotiate where appropriate a reduction in the assessed value of Real Estate to obtain Real Estate tax reduction;

- Maintain business relationship with landlords and their representatives. Partner with and cultivate ongoing relationships with major Developers.



Industry Relationship



- Build top of the mind positions with brokers and developers for the Foot Locker brand as the number one store for new locations in Shopping Centers and downtown’s;

- Join and participate in relevant trade associates such as ICSC, MAPIC and other local Real Estate fairs to further Real Estate education and the position of Foot Locker as the number one fashion retailer.



Reports



- Prepare Power Point narrative/deck presenting expansion opportunities;

- Prepare CAR with RE Business Analyst;

- Update the "Pipeline of Foot Locker Europe" monthly and highlight the most important investment opportunities across countries in collaboration with fellow Directors RE;

- Contribute to the preparation of Capital budget reports and Country Strategy.





QUALIFICATIONS



Competencies



- Has excellent negotiation skills;

- Is a listener and enabler and can communicate clearly;

- Possesses superior presentation skills;

- Is open to and, seeks out new ideas;

- Is decisive and quick when necessary;

- Is able to and enjoys operating with a great degree of autonomy;

- Delivers on commitments;

- Aggressively exploits business opportunities;

- Analyzes effectively;

- Builds partnerships and develops people;

- Builds effortless virtual relationships with remote teams.





Qualifactions



- Bachelors/Masters degree in Business Admin (or similar) and/or equivalent combination experience and education;

- Minimum 7 years experience in a relevant position, preferably within an international retail company;

- Fluent in Spanish and English and, has knowledge of other European languages.

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