Sandton: Real Estate Specialist (Interview) posted by AtripleA recruitment & temps

About the Role

Our client in the Insurance industry is seeking a Real Estate Specialist to join their team in Sandton. The successful candidate will provide professional real estate services expertise, including short term and long term forecasting, research and documentation of data for studies, appraising of property, negotiating terms and conditions of all agreements, evaluating economics and recommending size of capital expenditures.

Key Responsibilities

• Assist with compiling forecast recommendations by being involved in:

• Securing and evaluating market data for specific areas and territory.

• Evaluating expansion needs of Region and system.

• Evaluating competitive activity.

• Selecting Sites.

• Estimating sales volumes and costs. Inputs into P& L.

• Research Market and documentation of data for Market Evaluation by:

• Obtaining information from external consultants and or sources such as Chamber of Commerce, Census Data, Local Authorities, Brokers, Owners, Professional people in Trade area, appraisers, Record’s Offices, Operators, Our Client’s employees and other retailers in trade area.

• Driving and visiting area under investigation to establish time relation of sites to generators, number and strength of generators, and trade area.

• Obtain from external consultants or self – marking up map with outline of trade area and other pertinent data such as traffic counts, competition, population figures and generators.

• Completing impact studies where necessary.

• Selects the best location to serve Trade Area.

• Obtains input from Real Estate Manager.

• Appraise Properties:

• Gather comparable information and evaluate to establish Fair Market Value.

• Evaluate economics and recommend size of capital expenditure by involvement in:

• Request for Construction Site Check.

• A feasibility study that includes a proposed site layout.

• Real Estate Data Forms

• Check for accuracy in figures used for site development cost.

• Computation of base rent and base sales, monthly sales, and volume projected.

• Check Construction Site Check for unusual conditions such as utility extensions, easements, signage, etc.

• Estimating/evaluating volume and figure preliminary base rent figures.

• Negotiate terms and Conditions by:

• Contacting principals and agents.

• Developing negotiating strategy and position.

• Negotiating agreements and obtaining signatures.

• Managing external brokers in the above and play active role where needed.
• Assemble and present Proposal Package by:

• Completing Orange folder.

• Decision Logic – provide an interpretation of why the site is deemed desirable in a chosen area and the reasons why our Client should be located in the area. The discussion is centered on such things as market trade, business dynamics, traffic counts, proximity to schools, etc.

• Obtain Real Estate Manager’s inputs and endorsement and Chief Executive Officer’s approval. At this point in time, the CEO will review the Real Estate orange folder which contains the above listed items and visits the site for the purpose of establishing a sales estimate.

• Updating P & L containing sales estimates and expenditures to be presented to Capex Committee.

• Control flow of Transaction by:

• Directing brokers, Property Owners, Co-ordinators, outside professionals, governmental bodies to insure communications and understanding, and to set priorities.

• Working with Construction to insure optimum and timely developments of locations.

• Obtain timely input from licensees and other Departments.

• Maintaining involvement with location development on a continual basis.

• Working to obtain the necessary zoning and permitting by:

§ Appointing consultants to lodge any zoning applications and presentations.

§ Supporting Construction in obtaining permits.

§ Reviewing completeness of permit package.

• Monitor Sales of Site for a 12 month period to determine accuracy of volume estimation and review process of volume estimation on a continual basis by:

• Conducting Post Opening Reviews within first year of trading.

• Tracking and following up on recommendations of review.

Requirements

• University Degree pertaining to Property Development / Building/Property Sciences / Town Planning / Law.

• Five year experience in property field.

• Self-starter, good negotiator and self-confidence.

Qualifications

No qualifications mentioned.