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We are looking for a Real Estate Development Manager for our global business partner operating in the entertainment sector.
Job Responsibility:
Rent / Operating Expense Reductions: Analyzing rent and operating expenses within the assigned region and providing the relevant information
Preparing for and attending meetings with the management
Preparing protocols/lease agreements in coordination with the legal department
Completing the subsequent contract signing process (contract approval process) and ensuring coordination with all relevant departments
New Location Openings: Conducting city analyses
Creating a Site Pool. (new location pipeline)
Preparing the Pipeline (opening plans) for 3-5 year periods
Ensuring the Developer List (Investors and Leasing Companies) and Project Lists are kept up-to-date
Presenting detailed analyses of new locations to the management after coordination with other departments. (construction, legal, operations, etc.)
Processing modification requests
Organizing location tours and preparing presentations
If the location is approved, arranging a Board of Directors Meeting and sharing prepared materials beforehand. (Presentation, Feasibility Study, etc.)
Upon Board approval, completing the contract process, obtaining senior management approval through the Contract Approval process, and signing the lease agreement
Ensuring coordination with all relevant departments
Providing support to the construction department process until the opening and coordinating the launch
New Concept Cinemas / Renovations: Supporting the process of meeting with Investor/Leasing Companies regarding new cinema and renovation requests generated by the Construction and Design Team, and obtaining financial support and approval for the work from the Landlord
Property Management: Serving as the direct contact with the Landlord/Investor/Leasing Company regarding all issues related to existing locations
Examples of issues: Water leakage from the ceiling, the landlord failing to complete required repairs as per the contract, detecting an incorrect rent increase rate, negotiating with the shopping mall for additional security measures during a premiere screening, filing a complaint to the shopping mall about lack of ventilation in restrooms, issues arising from failure to obtain necessary licenses, etc.
All issues are processed, resolved in coordination with the relevant departments, and then closed
Sub-Lease Income: Managing all sub-leases outside of the concession/foyer area
Handling sub-tenant negotiations, managing existing tenant issues, contract extensions, terminations, and preparing and signing new contracts
Monitoring and actively working to increase Sub-Lease Income
Due to senior management decision, no sub-tenant company operating in the food and beverage sector will be accepted as a tenant
Renewals of Contracts: Contract renewals for all locations whose contracts have expired or are nearing expiration, as well as long-term contract renewals for locations with renewed commercial terms, are conducted with management's guidance and approval, and according to the new agreement reached
Closures: Analysis of locations to be closed is conducted in coordination with the Operations Department and all other departments, and the process is managed with senior management approval and legal support
The process may proceed with a warning (notice) or a Termination Protocol
In any case, the goal is to ensure the company exits the location with minimal loss or even savings
M2 Reduction – Expansion: Working on reducing the size of existing locations that are currently large, have low occupancy, or incur high rent and operating expenses
Expansion work is the reverse process, which involves adding additional areas to our leasable space at appropriate costs when needed
House – Land / Real Estate Sales: Tracking and finalizing the sale of properties acquired as a result of advertising agreements made through barters by the Media department
First, a contract is signed with an appraisal company to obtain an appraisal report, followed by working with suitable real estate consultants, and the transaction is finalized at the land registry office
Support is utilized from the Legal and other departments
Others: Preparing approximately 5 charts/tables per week
Tracking the current office lease agreement and rent reduction
Searching for a new office and updating information
Tracking and finalizing the residential contracts for Korean Executives
Preparing the Annual Budget, the department's budget, forecast, and presentations for the committee and strategy meetings
Requirements:
Bachelor's Degree in a relevant field from an accredited university
A minimum of 8 years of proven experience in Real Estate Development or a closely related discipline
Exceptional proficiency in English (both written and spoken) is mandatory
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