Manager - Property Development

Job description

**Job Summary** - The role is responsible for driving profitable Retail expansion across the assigned territory by identifying, evaluating, negotiating, and executing new site opportunities. - The incumbent will work closely with internal stakeholders and external partners to ensure timely and cost- effective project execution aligned with the company's growth objectives. - The role will also be responsible for maintain good relationship with existing Landlords and support the operations with cost optimization through rent renegotiations etc whenever required - Key stakeholders include NSO, Design, Operations, Projects, Finance, Legal, Brokers, Developers and Landlords. **Key Responsibilities:** **1. Planning & Strategy** - Execute the regional property development plan in alignment with business growth objectives. - Identify market opportunities and prepare expansion strategies for assigned territories. - Ensure timely achievement of site acquisition and development milestones. - Coordinate cross-functional activities to support smooth project execution. **2. New Store Development** - Identify and evaluate potential sites based on market potential, demographics, accessibility, and commercial viability. - Conduct feasibility studies and prepare detailed site assessment reports. - Present real estate proposals, layouts, and financial projections for management approval. - Negotiate commercial terms, rentals, lease agreements, and other contractual obligations with landlords and developers. - Coordinate legal documentation and ensure compliance with lease and statutory requirements. - Work with design teams, project teams, and consultants for store planning and approvals. - Manage relationships with brokers, landlords, mall management teams. **3. Financial & Commercial Management** - Drive ROI-focused decision-making for all site acquisitions and projects. - Ensure project costs and commercial terms are aligned with approved budgets and business expectations. - Monitor portfolio profitability and market benchmarks. Assess rental economics, project viability, and operational sustainability. - Ensure optimal space utilization and location selection. **4. Stakeholder Management** - Manage internal & External stakeholders **5. Process Improvement & Compliance** - Ensure all projects comply with company standards, statutory regulations, and operational requirements. Drive process improvements in site selection, project approvals, and development execution. - Support innovation and efficiency initiatives in restaurant development. - Maintain accurate documentation and project tracking systems. **6. Existing Asset Management** - Coordinate with Finance and Landlords for smooth invoicing and rental processes - Follow up with LLs for Fire NOC renewals, latest property tax receipts and other necessary and regulatory compliances. - Work closely with operations and support them in store profitability from property perspective through rent renegotiations/ Resizing/ Sub leases. Coordinate with LL for any issues at the property to ensure smooth operations at the store. **Key Skills & Competencies** - Strong negotiation and commercial acumen - Expertise in retail / property development - Site evaluation and market analysis - Lease management and legal coordination - Financial analysis and ROI assessment - Stakeholder and relationship management - Project coordination and execution - Strong communication and presentation skills **Preferred Industry Background** Candidates from retail, retail expansion, shopping malls, or organized retail industries will be preferred.