Senior Real Estate Manager

Purpose & Overall Relevance for the Organization:
This role is responsible to maximize the profitability of Retail by securing
Real Estate in alignment with the adidas store growth targets for the
dedicated region.
This function will be accountable for identifying potential sites, assessing
their viability, lease negotiation of sites as well as ensuring that financial
hurdles are met in the overall development of adidas Group store locations.

Key Responsibilities:
Functional;
* To identify and evaluate all real estate opportunities through executing strategic portfolio planning, site visits, site selection metrics and criteria, demographic analysis and research to ensure the best locations for the brand are secured
* To manage metrics and criteria for which site selection decisions will be made (research analytics, financial performance, revenue prediction models)
* To negotiate letters of intent and key lease deal points to the brand's advantage
* To present the adidas Group's retail concepts to prospective landlords
* To identify franchise opportunities with multiple and cross border landlords to achieve best possible deal making
* To manage external Real Estate resources in locating and evaluating potential sites, especially the cross-border strategic landlords
* To manage the creation of site justification packets as part of the capital approval processes.
* To evaluate existing store portfolio to actively drive rent reductions, recommend lease renewals and terminations and negotiate renewals and extensions where appropriate

Controlling;
* To measure progress on own KPIs
* To report to all superiors
* To monitor all reports
* To monitor and report on customers and competitors sell-through and activities, and propose/initiate/take actions
* To provide realistic plans

Key Relationships:
* Global Retail Centre of Excellence (CoE)
* Customers/Partners
* CoE Expansion
* Market Retail team including:
* Retail Back Office (RBO) team (within both Lead and Multifunctional Markets)
* Regional Real Estate Director
* Franchise & Retail Director & Managers
* Manager Store Development

Knowledge, Skills and Abilities:

• Good IT skills (Word, Outlook, Excel, PowerPoint)


• Good numeracy, literacy, verbal and written communication skills


• Geographical mobility


• Travel ‎50% of the time

Requisite Education and Experience / Minimum Qualifications:

• Functional: > ‎6-‎8 years retail specific real estate site selection experience, preferably with a major mall-based retailer


• Industry: ideally in apparel/fashion/shoes or FMCG


• Exposure: Sports, store implementation, Real estate community, legal partners


• University degree with an emphasis in real estate or finance preferred, or equivalent professional experience

AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH.
JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER
THE ATHLETE'S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND
DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE:
THIS IS HOW WE WIN WHILE PLAYING FAIR.
COURAGE: Speak up when you see an opportunity; step up when you see a need..
OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-
through.
INNOVATION: Elevate to win. Be curious, test and learn new and better ways of
doing things.
TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.
INTEGRITY: Play by the rules. Hold yourself and others accountable to our
company's standards.
RESPECT: Value all players. Display empathy, be inclusive and show dignity to
all.
ADIDAS CELEBRATES DIVERSITY, SUPPORTS INCLUSIVENESS AND ENCOURAGES
INDIVIDUAL EXPRESSION IN OUR WORKPLACE. WE DO NOT TOLERATE THE HARASSMENT OR
DISCRIMINATION TOWARD ANY OF OUR APPLICANTS OR EMPLOYEES. WE ARE AN EQUAL
OPPORTUNITY EMPLOYER.

JOB TITLE:
Senior Real Estate Manager
BRAND:
adidas
LOCATION:
Riyadh
TEAM:
Retail (Back Office)
STATE:
‎01
COUNTRY/REGION:
SA
CONTRACT TYPE:
Full time
NUMBER:
‎497964
DATE:
May ‎25, ‎2023