Overview
Director of Leasing Jobs in Al Khobar, Eastern, Saudi Arabia at Fircroft
Title: Director of Leasing
Company: Fircroft
Location: Al Khobar, Eastern, Saudi Arabia
Job Title: Leasing Director
Position Summary
We are seeking an experienced and dynamic Leasing F&B Manager to lead the leasing operations for high-end food and beverage outlets across our luxury real estate developments. The successful candidate will be responsible for attracting premium F&B brands, managing leasing activities, and creating an exceptional dining destination that enhances the overall luxury experience of our projects.
Key Responsibilities
Leasing Strategy & Market Development
- Develop and implement leasing strategies to attract premium local and international F&B brands aligned with the luxury positioning of the projects.
- Conduct market research to identify emerging luxury dining concepts and industry trends.
- Develop tenant mix strategies that optimize footfall, maximize revenue, and elevate the project's lifestyle offering.
Tenant Acquisition & Relationship Management
- Identify, engage, and negotiate with prospective luxury F&B tenants.
- Manage the entire leasing lifecycle, from lead generation and negotiations to lease execution and tenant onboarding.
- Build and maintain strong, long-term relationships with premium F&B operators and industry stakeholders.
Lease Negotiation & Contract Management
- Lead commercial lease negotiations and structure mutually beneficial agreements.
- Review and finalize lease agreements in compliance with legal and financial requirements.
- Coordinate with legal, finance, and property management teams to ensure seamless execution of lease transactions.
Market Analysis & Competitive Benchmarking
- Monitor market trends, competitor developments, rental rates, and consumer preferences within the luxury F&B sector.
- Provide market insights and recommendations to support leasing strategies and pricing decisions.
- Ensure the project's F&B offering remains competitive and attractive to high-end clientele.
Tenant Mix Planning & Space Management
- Collaborate with development and property teams to design an optimal mix of fine dining, casual luxury, and specialty F&B concepts.
- Oversee space allocation and support tenant fit-out processes to ensure compliance with luxury project standards.
- Ensure the tenant mix enhances customer experience and aligns with the project's brand identity.
Financial & Performance Management
- Prepare leasing forecasts, rental projections, and profitability reports.
- Manage leasing budgets and ensure activities are executed within approved financial parameters.
- Monitor rental income and support the timely collection of lease payments.
Cross-Functional Collaboration
- Work closely with development, design, operations, and property management teams to ensure successful delivery and handover of leased spaces.
- Partner with marketing and events teams to promote F&B destinations and increase customer engagement.
- Participate in industry events, exhibitions, and networking opportunities to promote leasing opportunities.
Reporting & Performance Monitoring
- Prepare regular reports for senior management on leasing progress, revenue performance, and tenant occupancy.
- Monitor tenant sales performance and identify opportunities to improve business performance and customer traffic.
- Manage lease renewals, tenant satisfaction initiatives, and occupancy-related matters.
Qualifications & Experience
- Bachelor's degree in Business Administration, Real Estate, Hospitality Management, or a related field.
- 8–10 years of experience in real estate leasing, with significant exposure to luxury developments and high-end F&B leasing.
- Proven track record of securing premium F&B brands and managing luxury retail leasing portfolios.
- Strong understanding of luxury hospitality, lifestyle destinations, and premium consumer trends.
Key Skills
- Leadership and Team Management
- Leasing Strategy and Execution
- Client Relationship Management
- Luxury Market Expertise
- Negotiation and Deal Structuring
- Strategic Thinking and Problem-Solving
- Analytical and Financial Acumen
- Networking and Stakeholder Management
- Excellent Communication and Presentation Skills