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Site Acquisition Strategy:
- Develop and implement the company’s site acquisition strategies based on market research and expansion plans.
- Identify potential new store locations by conducting demographic, geographic, and competitor analyses.
- Perform financial and feasibility studies to assess the profitability and viability of prospective sites.
Market Research & Evaluation:
- Conduct thorough market research to identify high-potential retail areas, including analyzing foot traffic, population growth, and local trends.
- Visit and evaluate potential sites, preparing reports and recommendations for senior management.
- Monitor competitors’ activities and store locations to inform site selection strategies.
Negotiation & Lease Management:
- Lead negotiations with property owners and developers for site acquisitions and lease agreements.
- Negotiate favorable lease terms, including rent, tenure, fit-out contributions, and exit strategies.
- Draft, review, and manage all leasing documentation to ensure legal and financial compliance.
- Track lease expirations, renewals, and lease amendments, ensuring proper documentation and adherence to deadlines.
Stakeholder Management:
- Collaborate with internal departments such as Legal, Finance, Store Operations, and Construction to ensure alignment on new site acquisitions.
- Act as the primary liaison between the company and landlords, brokers, and developers to maintain positive relationships and resolve issues promptly.
- Ensure landlord compliance with agreed-upon terms regarding property handover and build-out requirements.
Project Coordination:
- Coordinate the handover and construction of newly acquired sites, ensuring that timelines are met.
- Work with external contractors and the internal construction team to facilitate site development and store fit-outs.
- Monitor construction progress and address any issues that may arise during the development phase.
Compliance & Reporting:
- Ensure all site acquisitions and lease agreements comply with relevant legal and regulatory requirements.
- Prepare reports on site acquisition activities, providing updates to senior management on key performance indicators.
Monitor leasing budgets, including rent and construction costs, and ensure expenditures align with company financial objectives.
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