Property Acquisition Associate at Food Concepts Plc

Job Purpose

• To support the Property Manager in acquiring, managing, and maintaining viable properties in line with the company's business objectives.
• This role involves conducting market research, coordinating due diligence, liaising with landlords, and ensuring compliance with regulatory requirements to facilitate business expansion and site management.

Core Responsibilities and Key Result Areas

Property Sourcing & Management

• Assist in identifying and evaluating potential property locations for business expansion.
• Conduct property searches and liaise with regulatory agencies to verify ownership and compliance.
• Maintain a database of available properties, tracking market trends in rental and capital values.
• Assist in negotiating lease agreements, renewals, and purchase terms with property owners.
• Support in building and maintaining relationships with landlords, agents, and other stakeholders.

Due Diligence & Compliance

• Assist in obtaining necessary approvals and permits required before property acquisition and development.
• Support in preparing and processing lease agreements, service charges, and legal documentation.
• Ensure proper documentation and storage of all property-related agreements and records.
• Track and report compliance with relevant property laws and regulations.

Risk Management & Reporting

• Assist in monitoring company property portfolio, flagging potential risks or legal concerns.
• Support in resolving property-related disputes and liaising with legal advisors when necessary.
• Provide timely reports on property sourcing, lease agreements, and site-related challenges.
• Coordinate the timely resolution of property maintenance issues.

Key Performance Indicators

• Rate of legal issues on property acquisition
• Rate of exposure attributed to property site
• Turnaround time for property sourcing
• Quality of sites sourced
• Achievement of appropriate Due Diligence

Knowledge Requirements

• Basic knowledge of property management principles, leases, and legal frameworks.
• Understanding of real estate valuation and market trends.
• Familiarity with QSR/FMCG property acquisition processes is an advantage.
• Strong negotiation and relationship management skills.
• Proficiency in Microsoft Office (Excel, Word, PowerPoint) and data management tools.

Job Specifications

• A good first degree in Estate Management, Building, or related areas
• Membership in a relevant real estate/professional body is an added advantage.
• Minimum of 4 years’ experience in a similar role, especially in the QSR/FMCG sector