Head of Acquisitions

Reporting into the Property Director, the successful candidate will lead the

acquisition process for new sites within London. Understanding the Third Space

ethos and brand values is key, alongside a strong network and expert knowledge

of London. The successful candidate will be critical in the business' growth

strategy.

Responsibilities will include but are not limited to :

Research, identify and evaluate

potential locations for new Third Space clubs, using market research,

demographic studies and financial analysis

Conduct negotiations with property

owners and developers, in partnership with the Property Director, CEO and

their teams and external consultants, project managing often lengthy and

complex negotiations

Establish a strong and robust

process for prospective acquisitions, which will include a hot spot

catchment area focus, identifying off market opportunities as well as more

conventional and landlord / developer led opportunities.

Prepare board papers for new site

investment proposals

Coordinate with Legal, Finance, and

Operations teams to ensure acquisitions are in line with company strategy,

profitability and requirements

Work closely with and continue to

5+ years of

real estate acquisitions experience, preferably in retail, hospitality,

leisure or fitness.

Proven

negotiation and property transaction success.

Deep

knowledge of London, including property dynamics, investors, developers, agents

and demographics

Detailed

understanding of commercial leases, including value drivers for tenants and

landlords, and broad understanding of legal process for negotiating long leases

Knowledge

of financial controls on capital expenditure throughout ongoing projects.

Reporting

and management of end to end acquisition process.

Regular

updating and reporting internally on the acquisition, third parties and the

projects.

creative, persistent and patient approach will be required our volume of new

sites is relatively low (3-5 per annum), the lead times are often long (up to 3

years) and the quality bar of very high.

Third Space is a collection of luxury health clubs in London; individual

in style, bound by a common philosophy : to provide outstanding fitness spaces

that members feel are their own. Our people are the creators that bring the

space to life. We're a team of motivators, inventors, and coaches; always

striving to grow and evolve. It's not just a job, it's a lifestyle. We inspire

our members to fulfil their lives and they rely on us and we wouldn't have it

any other way. This is our space.

Third Space is growing. This year we've opened 3 clubs with another

planned for the end of the year and there's no stopping there. Due to our

growth we're now looking for a Head of Property Acquisitions to join the

company.

This is a unique and exciting role, and a brand-new role to the

business. Leading the search for potential future sites, and working closely

with the Property Director and CEO, the Head of Property Acquisitions will play

a key role in Third Space's growth over the coming years.

Using expert knowledge of London and a strong network of connections in

the area, the Head of Property Acquisitions will identify and present potential

new sites. Creative and visionary, they will be able to view spaces with

potential in mind. They will also be heavily involved in negotiations and

planning our future pipeline to support our growth plans.