Property Acquisition Manager

About More Retail Private Ltd (MRPL)

• MRPL is one of India's largest and fastest-growing Omni Channel Food & Grocery retailers.
• MRPL is committed to building India's most customer-obsessed business with the world's
• best omnichannel food and grocery experience and all of this on a massive scale.

Purpose of the Role

• The Job holder will be responsible for SM & HM format expansion in the circle involving
• sourcing of new properties, NSO, rent reduction, rent re-negotiation, store size reduction,
• space release to LL/SIS, lease extension and EB power enhancement for stores, LL
• relationship, property tax rebate and capex reduction.

Principal Responsibilities

• The role requires the job holder to understand the catchments targeted by OPS for
• identifying properties for SM, which will meet our business norms.
• 1. Short list properties in correct locations within the catchments
• 2. Understand the commercials suitable for SM business before shortlisting properties
• 3. Understand the structural requirement before shortlisting properties
• 4. Planning the amenities and space with the right density of merchandise, best suited
• for that catchment, along with controlling future opex.
• 5. Renegotiate existing store rent and area reduction with LLs

Key Result Areas Supporting Actions

New Store Opening

• To short list properties within the specified specs
• Negotiation with LLs
• Discussing agreement terms with LLs
• Ensuring proper docs and LL scope of work

SIS Income

• Renegotiate existing store rent and area reduction

with LL’s

Process Adherence and Completion

• Ensure identification and short listing of properties
• Ensure SIS partners pipeline
• Manage LL relationships
• LL relationship to be adhered via LL relationship calendar

Education and Experience

• PGDM or MBA
• Must have min years of experience in Retail
• Should have experience in business expansion, scouting properties, Opening NSOs
• Understanding of documentations required and legal requirement to open new store
• Should have understanding of negotiation & interpersonal skills
• Knowledge about the regional Retail Market

Values

• Collaboration
• Customer Obsession
• Frugality
• Innovation
• Grit
• Integrity
• Growing Talent