Real Estate Manager

Cobalt

Dubai, UAE

Ref: KP112-539

Job description / Role

Employment: Full Time

A large family group in UAE is looking for a Real Estate Manager to join their team.

Position Overview: The Real Estate Manager will be the central point of control and management for the group

Corporate Real Estate Portfolio Strategy
• Manage / coordinate real estate professionals responsible for transacting and maintaining the company real estate portfolio.
• Develop and manage collaborative relationships, to determine real estate requirements and provide information relative to market conditions, anticipated costs, transaction viability and expected timelines
• Manage and share accountability for the corporate real estate budget with business owners
• Develop strategies for the management of the financial impact of real estate to minimization real estate expenses and enhance the optimization of operating expenses vs. square feet of facilities occupied.
• Implement and maintain occupancy monitoring
• Maintain and improve real estate portfolio performance with respect to aligning real estate administration and property management with the portfolio strategy and space needs

Corporate Real Estate Transaction Management
• Responsible for all corporate real estate transactions
• Manage the transaction process end-to-end, including strategy development, project planning, team assembly, overseeing market surveys and tours, coordinating site visits, alternative comparison, developing the negotiating strategy, leading negotiations, document review, approval preparation, signing, and close out reporting
• Negotiate real estate legal agreements with assistance from real estate service providers, Legal Counsel, and Finance Managers

Facilities Construction Management
• Direct and manage total facilities management projects from conception to finished facility or structure, interfacing with internal stakeholders and external architects and construction professionals.
• Ensure compliance with corporate standards and procedures related to design approval and during the delivery process

Corporate Real Estate Compliance and Approval Process Management
• Create, update and control compliance with Company Policies and Procedures to ensure compliance
• Ensure compliance with company real estate policies, applicable laws and regulations within the portfolio

Corporate Lease Maintenance / Administration
• Manage lease administration team
• Resolve major occupancy issues with landlord
• Review annual rent and operating expense adjustments for conformance with lease provisions
• Portfolio maintenance and annual Real Estate reporting
• Manage work activities and team responsible for real estate portfolio administration and database management
• Identify opportunistic lease extensions, renewals, and terminations for review with Exec Mgmt. and Tenant
• Provide guidance to lease administration team and support and drive the creation and implementation of global lease administration best practices and processes.
• Drive resolution of significant abstraction issues portfolio wide.

Requirements

• Real estate management skills – involving transaction management and property management in a corporate environment (incl. valuation, markets, deal structuring, property management, lease administration)
• Excellent negotiation skills – ability to incorporate key business terms in a lease
• Strong people leadership and change management skills required
• Bachelor’s degree in Business Management, Real Estate or related discipline required
• 10 plus years of professional experience
• Required Language Proficiency: English and Arabic

About the Company

Cobalt is part of a leading international recruitment provider with offices in Europe, Singapore and New Zealand. Cobalt offers high quality HR consultancy, executive search, contingency recruitment and Emiratization services in Dubai and the wider MENA Region. It works extensively within the fields of Construction & Engineering, Banking & Finance and HR & Business Support.

Contributing to the regions development, we play a key role in identifying and attracting the very best talent to ensure the regions potential is realized. We also understand the importance of Emiratization in ensuring the long-term success of the UAE economy and have therefore pro-actively developed a strong network of UAE Nationals within our specialist areas.

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