Michael Page
Michael Page has an opportunity for Retail Development Director to join major property developer in the UAE. The client has a multi-asset class portfolio consisting of residential, retail, hospitality.The candidate will be a specialised development role leading retail portfolio which reports to C level. Submit your application if you are interested.
Responsibilities Of Retail Development Director
- Lead and direct the team to ensure all aspects of retail F&B projects meet our clients Strategic and commercial growth plans. The selected individual is expected to:
- Develop and implement comprehensive strategies for the expansion and improvement of F&B offerings in retail locations, aligning with companies goals and market trends.
- Collaborate with cross-functional teams to align F&B goals with overall business objectives.
- Conduct market research to identify potential locations and target demographics for new F&B outlets within retail spaces.
- Conduct thorough feasibility studies for potential F&B projects, assessing market demand, competition, financial viability, and return on investment (ROI).
- Present findings & recommendations to stakeholders.
- Oversee retail F&B projects, including development brief, design monitoring in line with development brief, feasibility and financial returns, marketing, and transactions, ensuring timely completion, within budget, and meeting quality standards.
- Lead the conceptualization phase of new F&B projects, collaborating with architects, designers, and other consultants to develop innovative and marketable concepts that align with companies brand and values.
- Collaborate with CDO, Executive leadership, Projects, and Finance team to secure project funding, negotiate contracts, and manage the business case throughout the development process.
- Oversee project development, from design and construction to pre-opening and launch, coordinating with internal and external stakeholders for execution as per approved RACI matrix
- Collaborate with Procurement to drive negotiations and partnerships with vendors, suppliers, and contractors to ensure high-quality ingredients, equipment, and services.
- Build and maintain relationships with key stakeholders, such as investors, partners, and local authorities, address concerns.
- Collaborate for approvals and permits along with projects team.
What you will do more?
- Ensure compliance with relevant laws, regulations, and industry standards in F&B establishments, addressing issues, if any
- Identify and mitigate potential risks including regulations, and financial risks, and implement risk management strategies to protect the companies interests.
- Provide leadership to develop a cohesive work team, demonstrating the companies Core Values and creating a positive and collaborative work environment.
- Ensure adequate project resourcing with a culture of forward planning
- Stay abreast with industry trends, demographic shifts, and competitor activities, to leverage new market opportunities, benchmark against competitors.
- Make recommendations for market expansion and sustainable growth.
Requirements Of Retail Development Director
- Minimum:Bachelor’s degree (or equivalent) in Business, property development, Urban Planning, Real Estate, Business Management, or related fields.
- Minimum 15 years of experience in F&B management within a retail environment, including project management in establishment of standalone large retail and F&B spaces or as part of larger mixed-use masterplans.
- Preffered:Masters.
- 7+ years of experience in the Middle East region, working with top UAE real estate companies would be beneficial.
Skills And Abilities Desired
- Excellent financial acumen and understanding of real estate financial analysis, including budgeting and financial modeling and performance metrics
- Familiarity with regulatory requirements and health standards in F&B operations.
- Strong understanding of customer preferences, and industry best practices.
Benefits
- Opportunity to work with leading developer in the UAE.
- Opportunity to work with Highly skilled multinational workforce.
- Career progression.
- Competitive salary and benefits.