Property Acquisition Associate @ Food Concepts Plc
Job Description
Jobs in Lagos, Nigeria.
Job Purpose
The primary objective of this role is to assist the Property Manager in acquiring, managing, and maintaining properties that align with the company’s business goals. The role involves market research, due diligence coordination, liaising with property owners, and ensuring compliance with relevant regulations to support business expansion and effective site management.
Core Responsibilities and Key Results
- Property Sourcing & Management:
- Support in identifying and assessing potential locations for business expansion.
- Conduct property searches and engage with regulatory bodies to verify property ownership and ensure compliance.
- Maintain a database of available properties, tracking trends in rental and capital values.
- Assist in negotiating lease agreements, renewals, and purchase terms with property owners.
- Help build and sustain relationships with landlords, agents, and other key stakeholders.
- Due Diligence & Compliance:
- Assist in securing the necessary permits and approvals prior to property acquisition and development.
- Help in preparing and processing lease agreements, service charges, and legal documents.
- Ensure all property-related agreements and records are properly documented and stored.
- Monitor compliance with property laws and regulations and provide necessary reports.
- Risk Management & Reporting:
- Help monitor the company’s property portfolio, identifying potential legal risks and concerns.
- Assist in resolving property-related disputes and liaise with legal advisors when needed.
- Provide regular updates on property sourcing, lease agreements, and site-related issues.
- Ensure timely resolution of property maintenance concerns.
Key Performance Indicators
- Legal issues encountered during property acquisition
- Exposure risks related to property sites
- Speed and efficiency in sourcing properties
- Quality of sourced sites
- Successful completion of due diligence processes
Job Specifications
- Educational Requirements: A Bachelor’s degree in Estate Management, Building, or a related field.
- Professional Requirements: Membership in a relevant real estate/professional organization is a plus.
- Experience Requirements: Minimum of 4 years in a similar role, preferably in the QSR/FMCG sector.
- Knowledge Requirements:
- Basic understanding of property management, lease agreements, and legal frameworks.
- Familiarity with real estate valuation and market trends.
- Knowledge of property acquisition processes within the QSR/FMCG industry is advantageous.
- Strong negotiation and relationship management skills.
- Proficiency in Microsoft Office (Excel, Word, PowerPoint) and data management tools.
Decision Expectations
- Provide insights and support for site feasibility and property suitability decisions.
- Offer recommendations on lease negotiations and risk assessments.
- Ensure adherence to company policies and regulatory requirements.
Working Conditions
- The role typically requires over 40 hours per week, including weekends and evenings.
- Frequent travel is required for meetings, surveys, and inspections, as well as long hours spent preparing reports and conducting preliminary surveys.
- Strong negotiation skills are essential for this position.
Contacts and Purpose
- Internal Contacts: Regular communication with executive management and employees.
- External Contacts: Interaction with service providers/vendors and customers.
- Purpose of Contact:
- Exchange and clarify information.
- Discuss and present information, issues, and ideas.
- Negotiate and collaborate on solutions.
- Address sensitive matters and influence stakeholders.
Source: From Company Career Portal/Other Job Boards.
