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  • Posted: Jun 7, 2024
    Deadline: Not specified
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    The Shoprite Group of Companies, comprising several iconic brands, is the largest retailer in Africa. It started out as a group of eight grocery stores in 1979, and has grown into a technologically-advanced, continent-wide business selling items from food, liquor and medicine, to concert tickets and furniture. Today the Group is at the forefront of retail...
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    Lease Portfolio Manager - Brackenfell

    Job Objectives

    • Ensure the effective facilitation and management of the assigned Lease portfolio including the clear understanding of various Leasing formats and capacities (anchor tenant, headlease, trade support facilities etc.).
    • Monitor and manage all leasing and maintenance related aspects including but not limited to new Lease Agreements, Lease Renewals, Lease obligations and compliance.
    • Ensure the timeous exercising of the renewal options, including the most favourable terms for the company.
    • Supporting and providing information where necessary to complete viability studies.
    • Completing & obtaining approval for Directors Resolutions, letters of renewal to Lessor's & drafting & signing of lease renewal addendums. Ensure complete process from viabilities to Directors Resolutions & signed leases is completed.
    • Negotiating with Lessor to ensure lowest rental terms possible for renewal periods &/or negotiating additional options or new leases where possible and necessary.
    • Obtain estimate cost reports from Divisions to negotiate with Lessor's regarding contributions or rentalisation of refurbishments/enlargements costs.
    • Assisting Divisions with operational issues including corresponding with Lessor's who are not complying with Leases in terms of proper external maintenance, adequate security etc.
    • Supporting New Business Development Managers with financial calculations/viabilities regarding new lease agreements or rentalisation of costs for store enlargements.
    • Participate in the viabilities activities and related calculations regarding the purchasing of existing leased stores or selling existing owned premises, as well as for possible termination of leases (conversion of Headlease to store lease).
    • Together with the Development Managers, participate in the viabilities activities and related calculations regarding additions to existing owned properties or refurbishments of internal stores/ DC premises.
    • Support the properties and leasing team with any additional administration, liaison, feasibility / viabilities calculations and general projects. 

    Qualifications

    • Degree in Legal or Property Contract Management and/or Financial / Commercial Business Management or equivalent – essential.

    Experience

    • +3 years’ experience in a similar role: managing a lease orientated portfolio - within a legal / financial / contractual capacity in a ‘property’ orientated sector managing landlords – ideally in a multi-stakeholder portfolio with nationally distributed locations and brand imperatives – essential.
    • Exposure to legal contractual principles and obligations involving governance frameworks, risk analysis/mitigation and stakeholder analysis/engagement – essential.
    • Demonstrable track record of executing commercial and analytical activities related to feasibility and advisory inputs – essential.
    • Experience in a Group wide / cross-functional matrix structure - highly beneficial.

    Knowledge and Skills

    • Extensive knowledge of Property Leases and Contractual management combined with the ability to influence, negotiate, and manage landlords and respective property portfolios in a broad and layered distribution context.
    • Self-motivated and driven with strong integrity - take accountability for actions and mistakes. 
    • Conflict resolution and resilience - open, honest, and direct in giving and receiving constructive feedback. ‘Bounce back and try again’ attitude during adversity.
    • Problem solving - Solution orientated, guide the Group / business in solving problems that align and comply with the Group Property/Lease framework.
    • Understanding of property innovations and evolving technologies and digital opportunities and the leasing/contractual options and implications.

    Method of Application

    Interested and qualified? Go to Shoprite Group of Companies on shoprite.erecruit.co to apply

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