Key Responsibilities
A. Mall & Shoplot Leasing
- Source, evaluate, and secure strategic retail locations for new store openings.
- Conduct market research, catchment analysis, competitor benchmarking, and financial feasibility studies.
- Negotiate commercial terms with landlords, including rental rates, lease tenure, rent-free periods, CAPEX contributions, fit-out periods, marketing support, service charges, and renewal options.
- Prepare leasing proposals, business cases, and financial evaluations for management approval.
- Manage lease renewals, relocations, assignments, and exit negotiations.
- Build and maintain strong relationships with landlords, developers, and property consultants.
B. Subtenant Leasing
- Develop and manage the Company's subtenant leasing portfolio.
- Source and secure complementary brands including cafés, lifestyle retailers, stationery, education, wellness, and specialty operators.
- Negotiate tenancy terms, rental structures, revenue-sharing agreements, and operational requirements.
- Manage the end-to-end leasing process from prospecting and negotiations to store opening and lease renewal.
- Monitor subtenant performance and occupancy to maximise rental income and enhance customer experience.
C. Project, Construction & Fit-Out Coordination
- Coordinate with landlords, architects, consultants, contractors, and internal project teams throughout the store development process.
- Review landlord fit-out guidelines, technical requirements, and submission timelines.
- Monitor design approvals, authority submissions, fit-out progress, and handover schedules.
- Participate in site inspections and progress meetings to ensure projects are delivered on time and within budget.
- Coordinate store handovers and ensure all tenancy obligations are fulfilled before opening.
- Support CAPEX planning and monitor project expenditure against approved budgets.
- Identify construction or fit-out risks and work with relevant stakeholders to resolve issues promptly.
D. Maintenance & Asset Management
- Develop a basic understanding of building systems, M&E services, fire safety requirements, and maintenance obligations affecting leased premises.
- Coordinate with landlords and internal maintenance teams on defects, warranty claims, reinstatement works, and repair matters.
- Monitor compliance with tenancy obligations relating to maintenance, reinstatement, and operational standards.
- Support planned refurbishment, relocation, and upgrading projects to minimise operational disruption.
- Ensure leased premises and subtenant spaces are maintained in accordance with company and landlord standards.
E. Business Development
- Identify expansion opportunities and new commercial partnerships.
- Build relationships with retailers, franchise operators, developers, and property owners.
- Conduct market intelligence on retail trends and emerging concepts.
- Identify opportunities to improve commercial returns through strategic leasing initiatives.
F. Lease Administration
- Maintain accurate lease records, tenancy databases, and critical lease dates.
- Coordinate the execution of Letters of Offer, Tenancy Agreements, and legal documentation.
- Monitor lease expiries, rent reviews, renewal options, and key contractual obligations.
- Prepare monthly leasing, occupancy, and rental reports.
G. Financial & Commercial Analysis
- Analyse occupancy costs, rental commitments, and project returns.
- Prepare rental benchmarking and financial feasibility reports.
- Evaluate CAPEX investment against projected sales and profitability.
- Monitor rental income from subtenants and recommend revenue enhancement opportunities.
- Support annual budgeting and forecasting.