Property Development Manager focusing on Retail Food & Beverage (F&B) oversees the entire lifecycle of development projects, from site acquisition and strategic planning to project execution, leasing, and ongoing asset management. This role blends real estate expertise with a deep understanding of the unique dynamics of the F&B and retail sectors.
Core Responsibilities
Key duties vary but generally include the following areas:
- Strategic Planning and Business Development: Identify and evaluate new business opportunities, conduct market research and feasibility studies, and develop strategic plans for expanding the F&B and retail presence.
- Site Acquisition and Leasing: Identify and secure prime locations for new outlets, manage the full leasing cycle, negotiate contracts, and build relationships with landlords, developers, and brokers to ensure favorable terms.
- Project and Construction Management: Oversee the development process from design and construction to build-out and launch, ensuring projects are completed on time, within budget, and adhere to quality and brand standards.
- Financial Management: Manage project budgets, cash flow, billing, and financial reporting. Duties also involve optimizing asset performance to drive revenue growth and profitability.
- Stakeholder and Tenant Relations: Build and maintain strong relationships with internal teams, external consultants, vendors, government authorities, and F&B tenants. Act as the primary liaison during the setup phase and for ongoing operational support.
- Compliance and Market Awareness: Ensure all developments comply with local real estate laws, zoning regulations, and health and safety protocols. Stay informed about industry trends and competitor activities.
Key Skills and Qualifications:
A successful candidate typically possesses a combination of the following skills:
- Experience: Proven experience (often 510+ years) in real estate development, property management, or business development specifically within the F&B or retail sectors.
- Education: A bachelor's degree in business administration, real estate, urban planning, or a related field is typically required.
- Negotiation Skills: Excellent ability to negotiate contracts, leases, and vendor agreements effectively.
- Strategic Thinking: Strong analytical and problem-solving skills to evaluate market data, identify opportunities, and mitigate risks.
- Communication and Leadership: Excellent communication, organizational, and leadership skills to manage cross-functional teams and diverse stakeholders.
- Financial Acumen: A deep understanding of financial principles, budgeting, and performance metrics.
