Retail Leasing Manager
Reputable property management company situated in Umhlanga, Durban seeks an experienced Retail Leasing Manager for a 12-month contract.
Incumbent is responsible for all leasing functions, which includes reviewing and negotiating lease transactions, renewals, and agreements. Also, maintaining occupancy of the retail spaces to sustain and expand market share.
Candidate must have at least 4 – 5 years retail leasing experience with a track record of achieving retail leasing with national, international, or niche tenants and full knowledge of FICA requirements.
Must have relevant qualifications required in terms of the PPRA (Property Practitioners Regulatory Authority) and hold FFC (Fidelity Fund Certificate).
Duties & Responsibilities
- Support the leasing strategy and the direction of multiple projects.
- Manage the rental of retail units to ensure maximum occupancy & a premium level of rentals within the retail spaces (often 2nd and 3rd tier developments / retail spaces).
- Actively engage with tenants to maintain high-quality tenants over a period.
- Set and achieve budget rental income and add value by meeting targets.
- Undertake direct leasing negotiations with targeted and approved prospective tenants.
- Prepare tenancy mix for the retail asset and consistently review this to ensure optimum mix.
- Upgrade analysis and timing of national and anchor tenant stores requiring upgrades.
- Prepare Monthly reports for the Divisional Director on status of leasing and tenancy mix progress across their retail spaces.
- Undertake the Renewal process for tenants.
- Conduct review and prepare renewal of the expiring leases of existing property where applicable.
- Ensure that leasing targets are met in terms of renewals and new leasing including existing portfolio and new developments.
- Be aware and strive to achieve the leasing requirements in order to meet the budget requirements of existing portfolio, and funding requirements of the projects.
- Ensure that leasing is activated timeously to ensure minimal downtime of vacancies and beneficial occupation period.
- Ensure an accountable measure of concluded leasing against interest received vs vacancies.
- Actively source and secure desired retailers for the project.
- Maintain and review a database of all prospective tenants.
- Broker Liaison telephonically and reporting on market trends and potential future tenants.
Desired Experience & Qualification
- Must have relevant qualifications required in terms of the PPRA (Property Practitioners Regulatory Authority) and hold FFC (Fidelity Fund Certificate).
- Business Qualification would be advantageous such as a Degree / Diploma in Retail Management.
- A thorough understanding of retail management.
- Understanding of all government financial regulations and requirements related to the retail / property sector.
- Good knowledge of retail trends.
- 4 – 5 years retail leasing experience with a track record of achieving retail leasing with national, international or niche tenants.
Package & Remuneration
Please note that only suitably qualified candidates will be contacted.
If you have had no response within 2 weeks, your application was unsuccessful.
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