Location: United Kingdom
State/Province/City: London
City: London
Business Unit: Store Support Centre (SSC)
Director, Real Estate, EMEA
Description & Requirements
who we are
lululemon is an innovative performance apparel company for yoga, running, training, and other athletic pursuits. Setting the bar in technical fabrics and functional design, we create transformational products and experiences that support people in moving, growing, connecting, and being well. We owe our success to our innovative product, emphasis on stores, commitment to our people, and the incredible connections we make in every community we're in. As a company, we focus on creating positive change to build a healthier, thriving future. In particular, that includes creating an equitable, inclusive and growth-focused environment for our people.
about this role
Reporting into the Senior Director, Store Development EMEA, the Director, Real Estate EMEA is responsible for overall management of real estate and lease administration for all existing and new store build outs in EMEA. Create the new store roll out plan across a 5 year horizon using marketplace intelligence to ensure Lululemon has stores in all the right markets, cities and districts to maximise guest acquisition and revenue. Lead the team to execute against this strategy.
Responsibilities include:
- Lead new store opening process from strategic planning to real estate selection to ensure the best locations are sourced and the best deals negotiated.
- Lead new store sign off process with SLT members. Responsible for articulating NSO strategy, location selection and deal structure.
- Lead all real estate activities across all markets including real estate selection, deal negotiation & structuring, rent and rate payments and relationship management with landlords. Ensure adherence to all regional property law.
- Negotiate the best deals for each store so that the lease is structured to ensure the highest possible profitability. Create individual solutions for each deal based on market norms and development.
- Manage team that is responsible for all lease payments to be correct and on time across the full store portfolio. Ensure compliance with all lease obligations. Ensure all lease data is held accurately so that leases are accounted for correctly.
- Own and develop the sweat index to inform where we open stores from country down to city district. Continue to develop the tool to add insight across all channels in the business and to give further knowledge on who our guest is.
Qualifications:
- University degree & RICS accreditation
- Minimum of 10 years’ experience in real estate
- Must be versatile and able to manage multiple projects
- Has the ability to communicate complex issues in laymen’s terms
- Adept in cost-control management
Role Classification:
This role is classified as Hybrid under our global SSC Hybrid Workplace Policy: In-person collaboration is important, and much of the role can be performed remotely. Work is performed from the office at least 3 da
Only those applicants under consideration will be contacted. Please accept our utmost appreciation for your interest. lululemon is an Equal Employment Opportunity employer. Employment decisions are based on merit and business needs, and not on race, color, creed, age, sex, gender, sexual orientation, national origin, religion, marital status, medical condition, physical or mental disability, military service, pregnancy, childbirth and related medical conditions or any other classification protected by federal, state or provincial and local laws and ordinances. Reasonable accommodation is available for qualified individuals with disabilities, upon request. This Equal Employment Opportunity policy applies to all practices relating to recruitment and hiring, compensation, benefits, discipline, transfer, termination and all other terms and conditions of employment. While management is primarily responsible for seeing that lululemon equal employment opportunity policies are implemented, you share in the responsibility for assuring that, by your personal actions, the policies are effective.
lululemon is committed to providing reasonable accommodation to applicants with disabilities. If you would like someone from our team to contact you for individualized support, email us ataccommodations@lululemon.com. In your email, please include the position title, the location of the position and the nature of your request.