Overview
Senior Specialist Real Estate – EM South Jobs in Cape Town at adidas
PURPOSE & OVERALL RELEVANCE FOR THE ORGANIZATION:
KEY RESPONSIBILITIES:
- Identify and evaluate real estate opportunities through strategic portfolio planning, site visits, defined site‑selection metrics, demographic analysis, and market research to secure optimal locations for the brand.
- Manage and apply site‑selection metrics and decision criteria, including research analytics, financial performance assessments, and revenue forecast models; consolidate and present recommendations to the Retail Leadership Team (RLT).
- Lead the negotiation of letters of intent and key commercial lease terms, securing deal structures that are advantageous to the brand through OTLs.
- Present adidas retail concepts and requirements to prospective landlords and developers, where required.
- Manage the preparation of site justification and business case documentation in support of capital approval processes (BPM).
- Continuously evaluate the existing store portfolio to identify opportunities for rent reductions, lease renewals, extensions, or terminations, and lead related negotiations where appropriate.
- Manage the existing store fleet portfolio, including the submission of turnover reports to landlords and coordination with internal Finance teams.
- Chair and manage monthly PropCo meetings, ensuring agenda preparation, stakeholder alignment, and timely distribution of meeting minutes.
- Provide a structured weekly real estate update to the Own Retail team, covering pipeline status, key risks, and decisions required.
- Ensure all real estate transactions and documentation comply with internal governance standards, delegated authorities, and legal requirements.
- Support internal and external audits by maintaining accurate and auditable lease and portfolio records.
KEY RELATIONSHIPS:
- Global Real Estate
- Emerging Markets Real Estate (Hub)
- Landlords
- Market Retail team including:
- Retail Back Office (RBO) team
- Senior Director Own Retail
- Senior Manager Store Development and Real Estate
- Legal and Finance team
KNOWLEDGE, SKILLS AND ABILITIES:
- Proficiency in MS Office (Word, Outlook, Excel, PowerPoint)
- Good numeracy, literacy, verbal and written communication skills
- Excellent administration and reporting skills
- Commercial negotiation and influencing skills
- Strong analytical and financial modelling capability
- Stakeholder management across multiple seniority levels
- Ability to operate independently
REQUISITE EDUCATION AND EXPERIENCE / MINIMUM QUALIFICATIONS:
- Minimum of 5 years’ retail real estate site selection experience
- Industry: ideally in apparel/fashion/shoes or FMCG
- Exposure: Sports, store implementation, Real estate community, legal partners
- University degree, preferably in Real Estate or Finance
AT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE’S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE: THIS IS HOW WE WIN WHILE PLAYING FAIR.
COURAGE: Speak up when you see an opportunity; step up when you see a need..
OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-through.
INNOVATION: Elevate to win. Be curious, test and learn new and better ways of doing things.
TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.
INTEGRITY: Play by the rules. Hold yourself and others accountable to our company’s standards.
RESPECT: Value all players. Display empathy, be inclusive and show dignity to all.
– CULTURE STARTS WITH PEOPLE, IT STARTS WITH YOU –
BY RECRUITING TALENT AND DEVELOPING OUR PEOPLE TO REFLECT THE RICH DIVERSITY OF OUR CONSUMERS AND COMMUNITIES, WE FOSTER A CULTURE OF INCLUSION THAT ENGAGES OUR EMPLOYEES AND AUTHENTICALLY CONNECTS OUR BRAND WITH OUR CONSUMERS.
Title: Senior Specialist Real Estate – EM South
Company: adidas
Location: Cape Town
