RRC is the only real estate firm that focuses solely on retail assets in saudi arabia, where its partners have a wealth of experience in developing, managing and leasing major shopping malls all around the country. we work closely with all regional retailers (fashion, electronics, department stores, f&b, hypermarkets, etc.) to find the best retail space for them. we also work with developers on creating new retail assets by providing professional advice on their development starting from market research and design to leasing and management.
We provided a full assortment of retail real estate brokerage services to retailers, landlords, developers, investors and financial institutions all over Saudi Arabia. Our services include tenants’ representation, project leasing, property management, and development consulting.
Entering new markets is always risky, especially in a country like Saudi Arabia, where RRC will reduce our clients’ learning curve to minimum, and our deep knowledge of retail landscape will ease your brands introduction to market. We also go the extra mile by helping our clients deal with local authorities, issue visit visas, obtain permits, issue commercial record, hire contractors, and many more. On the other hand, if our clients don’t want to do it alone; we can help them find the best local partner to ease their brand entrance to the market.
Retail leasing is the most complicated task in any real estate leasing process, since it involves many different factors to be considered; where selecting the right tenant mix is essential in the success of any mall (unlike office building for example where it can be filled by almost any tenant given that they pay rent on time), other factors to consider include zoning, mall positioning (high end, middle, or value), specialty leasing, etc.
A successful leasing program requires careful planning and organization. A careful study of all aspect of the mall, and bringing together all the leasing tools, will make the challenge of successful leasing easier to achieve. RRC is ready to work with mall owners in Saudi Arabia to help them successfully lease their malls and add long-term value to the asset, while meeting the goals and objectives of the owners.
Our development consultants are ideally positioned to match qualified developers with profitable development opportunities. The market knowledge derived from our wide array of talents, services and expertise is RRC’s market advantage which helps in identifying missing market components, unfilled demand and allows us to capitalize on value added situations.
Malls management differs from other real estate assets management by having a complex dynamic of an extra dimension to the usual landlord and tenant, and this element is consumers.
Mall Managements require a vast array of experiences and skill sets most mall developers don’t posses, RRC have what it takes to help them by offering:
Collections and leases management
Marketing and festivals management
RRC’s detailed national shopping malls database, coupled with its deep understanding of the local market position it to be the leader in retail real estate research and marketing.
RRC help international and local brands to develop its presence in the market, where it can help brands decide on where it opens its stores, which market to target, and other crucial success factors that maximize our clients’ results. The developed comprehensive working knowledge of the Saudi market, backed by extensive demographic analysis, allows us to provide valuable insights that save our clients time and money.