Vice President of Real Estate Acquisitions

3 weeks ago

Front of Yonge, Canada Canadian Tire Real Estate Limited Full time
h3>Vice President, Development & Real Estate Operations

Locations: Toronto, ON

Time Type: Full time

Posted On: Posted Yesterday

Time Left to Apply: End Date: November 15, 2024 (12 days left to apply)

Job Requisition ID: JR141086

What you’ll do

This position is responsible for leading the Company’s real estate development and real estate operations function. The Vice President, Development & Real Estate Operations is a customer centric, results driven, people leader who will be responsible for overseeing all aspects of our real estate development projects as well as managing our portfolio of properties.

The successful candidate will oversee the execution of development projects, meeting timelines, budgets, and quality standards, contribute to the profitability of the enterprise by identifying real estate opportunities, managing project budgets effectively, and optimizing property management practices to minimize expenses. The VP will contribute to the growth of Canadian Tire by overseeing the real estate portfolio through acquisitions or divestitures, ensuring a diversified and profitable property portfolio.

  • Develop and execute the company's real estate development strategy for retail stores, including identifying new opportunities for all of CTC’s retail banners.
  • Conduct market research and analysis to identify potential store development projects and assess their feasibility.
  • Lead the due diligence process for prospective projects, including financial analysis, risk assessment, entitlements, and permits.
  • Collaborate with cross-functional teams to prepare project proposals, including site selection, design, financing plans, and construction schedules.
  • Manage relationships with external stakeholders such as architects, engineers, contractors, and regulatory authorities to ensure successful project execution.
  • Oversee the forecasting of the annual capital plan for all retail store projects.
  • Develop and implement a comprehensive property management strategy for the company's portfolio of properties.
  • Ensure compliance with all applicable laws, regulations, and industry standards related to property management.
  • Oversee the Environmental Services team to minimize the corporations’ risk when dealing with environmental issues associated with the operation of Canadian Tire stores.
  • Work closely and manage the relationship with CT REIT on a variety of strategic initiatives related to the real estate portfolio.
  • Manage the entitlement and disposition processes of high value Trophy Properties.

What you bring

  • Minimum of 10 years of progressive experience in real estate development and real estate operations.
  • Retail industry experience is an asset.
  • Bachelor's degree in Real Estate, Business Administration, or a related field.
  • Proven track record of successfully managing large-scale development projects from inception to completion.
  • Strong financial acumen and experience with project budgeting and financial analysis.
  • Excellent negotiation skills with the ability to manage complex agreements and contracts.
  • Strong leadership abilities, with a track record of managing high-performing teams.
  • The ability to think strategically and identify new opportunities for real estate development or property acquisitions.
  • Strong attention to detail and problem-solving abilities to navigate complex contracts, permits, and potential challenges.
  • Ability to adapt to changing market conditions, able to handle setbacks or obstacles with resilience, and find creative solutions to overcome challenges.

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