Head of Property CANDIDATE INFORMATION PACK
Contents
Introduction
CinemaxX Overview
The Role
Person Specification
Application Process
Dear Candidate
Thank you for taking the time to read about this opportunity. We’re working exclusively with CinemaxX, a German cinema company and subsidiary of Vue International, and the 3rd largest cinema operator in Europe. A leader in the out-of-home entertainment and big screen experience, Vue International is well known for providing the most innovative cinematic experience and prides itself on having the best reputation for seat, scree and sound across each of it’s markets. They are seeking a Head of Property based in Hamburg, Germany, to oversee the Germany Portfolio, working alongside the Exec Director of Property to define and implement the Vue Group Property Strategy for CinemaxX, developing a strategy that delivers maximum growth and secures the best financial deals in relation to lease re-gears, extensions and terminations. It’s an exciting opportunity to join an established and growing organisation with a varied portfolio.
Please read on to understand more about this role.
CinemaxX Overview Established in in 1989, Hans-Joachim Flebbe founded the Cinemaxx company together with the media entrepreneurs Rolf Deyhle and Bodo Scriba . On March 8, 1991, the first Cinemaxx opened in Hanover. The house in Essen followed on December 11 of the same year, which, with its 16 halls and a total of 5,300 seats, is still the largest multiplex cinema in Germany . As early as 1992, the Cinemaxx Hannover was the most economically successful cinema in Germany, followed by the Cinemaxx Essen. In 2012, the British cinema operator Vue International took over CinemaxX AG, and became CinemaxX Holdings GmbH. As of 2022, CinemaxX and Vue International have become the 3rd largest Cinema Operator in Europe, spanning ten countries, 228 sites and 1,992 screens. This includes UK, Ireland, Germany, Denmark, the Netherlands, Italy, Poland, Latvia, Lithuania and Taiwan. The CinemaxX Group is one of the best-known cinema operators in the world, known for high quality picture and sound technology, oversized screens, modern cinema kiosks in air- conditioned cinemas and a sophisticated ambience. They’re also well known for the unique architectural design of many of the buildings, In addition to the full cinema programme, the chain broadcasts top-class classical, rock and pop concerts, as well as opera and ballet performances by the world’s most important artists on the big screen, many of them live.
Key competitors are local leisure activities (restaurants, bars, sport events, concerts etc.)
2019 was a record year
CinemaxX history:
for the German Cinema Industry
1977: Three cinemas in Hannover lay the foundation for a cinema empire
1989: The CinemaxX Corporation is found and is already second largest provider at the German cinema market
1991: The CinemaxX Hannover creates a new multiplex experience
1992-2000: CinemaxX opens a multitude of new cinemas in Germany - The slogan “Mehr als Kino” promotes a unique cinema experience and excites fans
2001: Visitor numbers stagnate for the first time. Some Cinemas are sold, others are taken over - The entire cinema industry is under pressure.
2012: Company restructuring - CinemaxX becomes a subsidiary of the Vue International Group
CinemaxX Today: As Germany's best-known cinema provider, CinemaxX offers guests more service, more comfort, more entertainment in perfect picture and sound quality. Satisfied visitors who like to come back is their motivation. CinemaxX employs around 18000 people in Germany and Denmark. The business is made up of passionate and energetic people who really want to make a difference and be the best. Their people are key in ensuring they deliver an outstanding service to all of their customers, and the most important asset in keeping CinemaxX one step ahead of the competition.
In recent years, the company has brought on board a wealth of talent from different sectors to bring fresh ideas and help add to its success – the senior leadership board includes individuals from the likes of Ernst & Young, Tchibo, Vapiano, McDonalds, Apple, and the Radisson Hotel Group. They’re looking for an exceptional Head of Property who will bring their own background and ideas to the table.
The Role Head of Property - Key Responsibilities Key Accountabilities Team Leadership and Development • Manage, inspire and motivate the Property Manager, ensure they are aware of and working in line with business priorities and Group Property strategy, monitor performance against individual objectives. • Ensure the Property Manager is working cohesively with other Territory departments to deliver high levels of service at all times through effective communication and appropriate escalation and resolution of issues. Lease Management • Carry out all negotiations with Landlords/ Agents in relation to deals. • Proactively look for new deal opportunities throughout the Territory that deliver maximum EBITDA growth and optimise the Territory portfolio. • Manage external Legal Advisors (internal/ external) in the preparation of lease and other property related documentation in connection with deals. • Work closely with Group Finance in the creation of business cases needed to gain Group approval for all deals. • Send all new lease agreements to the Property Manager to upload into the Master Property Database (Horizon).
Managing External Consultants & Challenge of Property Costs
• Establish and maintain direct relationships with external property consultants to ensure they are supported and have the relevant information and instruction to conduct negotiations that deliver agreed leases for new sites, lease extensions, re-gears and lease terminations. • Set out cost savings KPI's in relation to Property Management and monitor performance against them. Budgeting, Forecasting & Financial Reporting and Payment of Property Costs • Hold regular meetings with Group Finance and provide updates on progress with benefits from all aspects of lease management including rent reductions, LLC's and service charge reductions. • Prepare annual budgets and updated financial forecasts for the lease management elements of the Territory Property department. • Review the Property Management elements of the annual budget as created by the Property Manager before it is presented to Territory finance for approval and support the Property Manager in managing any overspend. • Manage and resolve any issues related to rent, service charge and insurance costs (including Sub Tenant payments) as escalated by the Property Manager.
Recliner Seating Projects
• Work with Vue Project and Cost management in relation to information required for Landlord contributions needed to deliver recliner seating projects. • Secure contributions from Landlords in order to sufficiently fund new recliner sites. New Sites • Assist with the preparation of all internal approval documents. • Identify new site opportunities that may arise and work with Group Finance to create business cases for review by the Investment Committee. • Negotiate heads of terms for agreement and lease contracts. • Negotiate agreement and lease contracts working collaboratively with external legal and technical support.
Estate/Portfolio Management
• Support the Property Manager in resolving any escalated Landlord disputes in relation to their legal obligations through to resolution, agree a ‘best way forward’ taking into account the overall relationship and other business priorities. • Ensure that strong internal cross-department interaction is maintained between Facilities/ Operations Departments and Property. • Manage the implications of any changes to local legislation relating to property management as highlighting by the Property Manager.
The Person Technical Knowledge & Experience • A senior property management professional with a strong technical background and solid understanding of lease re-gears, extensions and terminations. • Experience of delivering and implementing a lease management strategy that delivers against business goals. • Demonstrated success in negotiating high value commercial Lease and re-gear property deals that ensure best value is obtained and effective working relationships are maintained. • A comprehensive understanding of all key professional, technical and regulatory requirements relating to the responsibilities listed in the job description. • Proficient in analysing return on investment. • Previous experience of developing and maintaining effective third party relationships. • Up to date knowledge of property law. • Up to date knowledge of property and asset management legislation.
• Communication: Excellent written and verbal communication skills. • Numerate and analytical: Takes a logical and methodical approach to the analysis of information to draw accurate conclusions before making informed decisions. Highly numerate with strong analytical skills. • Decision-making: Considers all the appropriate factors when deciding a course of action; able to rapidly assimilate the information available on which to base a decision and make firm decisions quickly if required. • • IT literate: • Excel; able to build commercial models • PowerPoint; able to create effective presentations • Word; able to write compelling proposals Personal Behaviours • Delivery focused: Sets performance targets which are ambitious yet realistic and measurable, and manages their achievement in a structured way. • High standards: Focused on the accuracy and quality of work through to completion. • Ownership: Takes personal responsibility and initiative to get the job done to a high standard. Is a self-starter, hands on and fast in thought and execution. • Pragmatic: Whilst able to think at a strategic level, also task and project-orientated, being prepared to roll up sleeves and be hands on in the delivery of strategy. • Tenacious: Determined to succeed with the drive to deliver outstanding results. • Integrity: Has a strong sense of right and wrong and high ethical standards. • Team player: Works well with others in the pursuit of shared objectives; readily shares information and uses team members’ strengths to achieve goals.
Skills
• Vision: Able to identify and articulate a clear plan and take the lead in its implementation. • Commercial acumen: Able to assess commercial opportunities. • Negotiation: Advanced negotiation skills. Able to take a prominent lead in negotiations with Landlords to create beneficial commercial outcomes. • Influencing and persuading: Proven ability to influence effectively at senior levels. Ability to deliver change and have an impact across all functions and beyond core areas of responsibility through a diplomatic, yet tenacious approach. • Relationship building: Creates a positive impact with gravitas and credibility within the organisation and externally. Ability to quickly build relationships that add value to business performance.
APPLICATION PROCESS
If you would like to find out more about this opportunity, please get in touch with CinemaxX’s recruitment partner The Management Recruitment Group. You can also apply directly by sending your CV to one of the email addresses below:
Matthew Evans Matthew.evans@mrgpeople.co.uk m: 07854 865017 | t: 020 3962 9900 Emilia Fasano Emilia.fasano@mgpeople.co.uk m: 07851259868 | t: 020 3962 9900
We are an international recruiter of senior management professionals across real estate, facilities and development. Our success is built on our people, process and expertise. Our people have unrivalled experience, our process is rigorous and designed in-house, and we have meaningful sector expertise.
We are MRG and we are different by design.
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12Made with FlippingBook Learn more on our blog