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Manager Property & Development Senior

Pick n Pay
United Statesfull_timeVerifiedPosted 21 Nov 2024

About the role

It's fun to work in a company where people truly BELIEVE in what they're doing!

To expand the footprint of PnP through the generation of sales from new stores and to perform a property management function as it affects all leases in the property portfolio. This is a business critical appointment that offers exceptional career growth prospects but demands turn an exceptional individual.

Minimum Requirements

Graduate/ Post-Graduate formative degree, preferably Law, Commerce or Allied Building Sciences

5 years operational experience in Retail Property Industry and ability to interpret a store P&L statement ​

Competencies

Honest and integrity with an ambition, short of arrogance, to succeed.
Exceptional attention to detail both in deal origination/ structuring and deal documentation.
Exceptional interpersonal skills to be applied with confidence at the highest levels in business.
Above average computer skills (Word and Excel Advance).
Ability to thrive at work under pressure.
Combined ability to work as a team but also dependently without supervision.

Key Responsibilities

Sales from New Stores:
Deliver  a sustainable long term pipeline that contributes to sales growth from net new space specific to the Region.
Actively procure opportunities identified in the gap list and in relation to high performance competitor stores.
Promote the identification and delivery of opportunities in high growth areas, e.g. Budget and local stores, PnP developments, conversions and acquisitions, etc.

Reduction In Occupancy Costs:
Negotiate rentals for new stores within tramlines and engage landlords to reduce existing costs in order to drive reduction in occupancy costs, e.g. relocations, reductions and sub-let opportunities.
Renew existing store gross rentals at no more than retail average occupancy costs and reduce rental escalations according to strategic imperative, engaging franchisees where applicable.
 
Landlord Interactions:
Capture, track and resolve all lease issues with landlords timeously.
Negotiate landlord contributions for revamps and at lease renewals, engaging franchisees where applicable.
Negotiate least-cost exit liabilities associated with store closures and coordinate the same.
Monitor landlord compliance with store opening conditions and enforce penalties where applicable.

Legal And Admin:
Ensure all legal documentation accurately, concisely and unambiguously reflects the terms of the deal.
Continuously update and maintain all tracking documentation for management information purposes.
Ensure database of landlord contacts is effectively maintained by ensuring all relevant information is regularly updated.

Closing date: 01 December 2024

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

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Pick n Pay

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