R E T A I L R E A L E S T A T E C O N S U L T A N T S
CORPORATE PROFILE
R2E Consultants Inc
Walter Kleinschmit CSM CLS
Providing advisory and management servicesTo Real Estate Owners/Developers
Advisory Services to Real Estate Owners
Market studies
Feasibility studies
Master Planning of Mixed use project, and/or free standing Shopping Centre projects
Client’s representative – during architect briefing and design development process
Hotel management company selection and negotiations
Development Assistance for Retail Real Estate Projects
Management Assistance prior to / getting ready for Construction Tender
Pre-Opening activities concurrent with period of construction
Marketing and Leasing planning and implementation
Getting Ready to Open & Grand Opening Planning
Post Opening – Asset Management
Professional Development
Course instructor, seminar leader on various aspect of Retail Real Estate
Management development thru mentoring process during consulting assignment
Emphasis on knowledge transfer to Client’s Management Team
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Current/Recent Assignments
Arabian Centres Company Limited - Riyadh
Provide/define/assist in developing best practices appropriate for a global property owner/management
group. Provide management training services to the company.
Jeddah Waterfront – Jeddah
Provide retail planning input, space allocation, mail layout advice and amenities planning for public space
Red Sea Mall – Jeddah
Do a technical review, best use analysis and strategic plan for proposed extension of Red Sea Mall
Granada Center – Riyadh
Do a technical review, best use analysis and strategic plan for proposed extension of Granada Centre
Raseel Properties Co. - Riyadh
Provide planning input into a mixed use development – market assessment, merchandise mix, retail layout
Knowledge Economic City – Al Madinah
Master plan the retail town centre for a new city, including merchandising, massing, feasibility study,
prepare RFP to select architect, and act as Owner’s rep during design concept and development.
Rafal Real Estate Dev. – Kempinski Hotel – Riyadh
Plan retail gallery adjacent to hotel, develop merchandise positioning and plan to suit market and hotel
positioning, benchmark operation metrics, and assist with marketing and retail leasing.
Taj Mall – Amman, Jordan
Provided assistance from master plan / massing, design brief, design development, design validation with
major retailers, on going assistance with leasing and other pre-opening requirements. TAJ opened in
December 2011, successfully leased with targeted brands.
Page 3 R2E CORPORATE PROFILE Experience and Client list - January 2014
Past Assignments
The Pearl – Qatar – Review business assumptions and update merchandise program for success
Akaria Malls – Riyadh, KSA – Redevelopment and releasing of existing and new facilities
Al Bahar Development – best use / master planning – Downtown Abu Dhabi site
Al Rajhi – best use assessment of various land parcels – Retail development advice on central Riyadh parcel
Al Bajrai / Malhas – Feasibility and master plan of retail malls for Jeddah
Al Oula – Best use proposal for a 100,000 sqm site at exit 10, Riyadh
Amwaj Development Co – Amman, Jordan – design development assistance – leasing assistance
Cham Holding – Damascus, Syria – Retail Mall Planning – Tarik Bin Ziad mixed use project in Aleppo
Deera Property Development Co – Amman, Jordan – property development / mix use project assistance
Dubai Pearl Project – Omnix – Proposed mixed use development in Dubai (2005-2007)
Emaar Jordan – Rift Retail – Samarah Dead Sea Project – Plan the retail / service component of the
Samarah Dead Sea Project – including design development assistance and merchandise program.
Jeraisy Mall – Riyadh (Carrefour anchored mall)
Kinan Development Co Ltd – Jeddah – KSA – Andalusia mixed use Project –
Romada Mall – Homs, Syria – Carrefour anchored shopping centre – market study, design direction
Salam Group – Qatar, United Arab Emirates, Oman – Retail and development advisory
Saudi Oger – market study and best use proposal for Sheraton site in Riyadh
Tamkeen Real Estate Co. – Riyadh – KSA – Yasmine Garden Mixed use Project
Do a market assessment to size the mall – design brief – business / merchandise plan
Yanbu City Centre (RCJY) – Economic and market study for city centre master plan
North Amman Mall - Do a market assessment to size the mall – design brief – business / merchandise plan
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Walter Kleinschmit CSM CLS
Principal
CONSULTANCY
PRACTICE:
Established in January 2005 R2E Consultants Inc., a real estate consultancy practice incorporated in Canada, and
practicing primarily in the Middle East and Levant.
PROFESSIONAL
ACCREDITATION:
CLS CSM, International Council of Shopping Centers
Bachelor of Commerce Degree, University of Manitoba, 1965
Completed courses and seminars given by University of Manitoba, AMA, IBM, NRMA, Horizons Management
Consultants, Retail Council of Canada, and International Council of Shopping Centres.
Founding member and Past President of the Middle East Council of Shopping Centres.
Member of International Council of Shopping Centers.
Past Conference Chairman and occasional speaker at MECSC Annual Convention.
Member of International Faculty of the ICSC School of Professional Development.
Speaker at Cityscape and MEED conferences. Chairman and speaker at Retail City Conference
Lecturer at Université de St Boniface
Past lecturer at University du Quebec in Montreal (retailing courses)
Past lecturer at Sheridan College, Toronto (retail courses)
Page 5 R2E CORPORATE PROFILE Experience and Client list - January 2014
Walter Kleinschmit CSM CLS
Principal
CONSULTANCY
ASSIGNMENTS:
While General Manager of Kingdom Centre, (on behalf of HRH Prince Alwaleed):
Georges V Hotel – retail development
Nile Plaza Retail Mall (Part of Four Seasons Hotel)
Mövenpick Beirut – retail mall
Moskva Four Seasons Hotel (Moscow) – Retail mall component.
Saks Fifth Avenue International Expansion
Proposed development of Kingdom Centre in Jeddah
PROFESSIONAL
EXPERIENCE:
General Manager, Kingdom Centre, Riyadh Jan 1997 - Dec 2004
VP Real Estate, Al Harthy Corp., Oman July 1989 - Dec 1996
Oper. Mgr, Salam Studio and Stores, Doha & Muscat July 1985 - June 1989
Various retail and shopping centre experience in Canada May 1965 - June 1984
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Gerald Bourassa - Associate
Introduction Holder of Bachelor of Science Degree, University of Toledo, Ohio (1978)
Has worked for the government and the private sectors in the United States and in the Gulf.
Is experienced in the optimization of project planning & execution, in a multi-national/cultural environment.
Delivers analytical skills, and project management experience
Expertise
Analysis economic, financial, demographic studies,
company feasibility studies,
Finance & Admin. accounting – salaries, recurrent expenditure, capital expenditure, revenues
planning – supply/demand, capital forecasts, 5 year + plans
budgeting - all time frames
accountability, quarterly & annual reporting
audit – internal, independent coordination & enforcement
contracting – development, review, compliance, enforcement
personnel – recruitment, evaluation, promotion, development
policy – administrative, service-related, community
support services, computer system development & support
Operational process, productivity, and result evaluation
benchmarking
inspection, review
emergency & disaster contingency planning
R2E CORPORATE PROFILE Experience and Client list - January 2014
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EXPERIENCE: (includes seven years with Saudi Aramco)
Facilities management, maintenance & operation
- basic service plants
- offices
- hospital, clinics, schools
- food & dining
- recreational
- residential & transient housing
Water – exploration, production, transport, storage, filtration, distribution
Sewage – collection, treatment (multi-level), effluent distribution
Sanitation – waste removal, disposal
Electricity – distribution, stand-by generation
Road construction & maintenance
Agricultural & gardening services
Policy & programs – Community/Facility
Gerald Bourassa - Associate
R2E CORPORATE PROFILE Experience and Client list - January 2014
R2E CONSULTANTS
Representative Projects
Page 9 R2E CORPORATE PROFILE Experience and Client list - January 2014
KINGDOM CENTRE Riyadh, KSA
Employer
Kingdom Holding
Trade Centre Co. Ltd
(1997-2005)
Project Brief
Employed from design competition
stage and remained to 3rd year of
stabilised operations. KC is one of
most successful high end
destination in GCC. Mall is
anchored by Saks, and includes
many designer brands, the number
of which have increased over time.
KC includes Four Seasons Hotel,
and offices and apartments.
R2E CORPORATE PROFILE Experience and Client list - January 2014Page 10
KEMPINSKI Hotel & RetailRiyadh, KSA
Client
Rafal
Project Brief
Retained to provide design direction and merchandising advice to ensure that the retail podium of Project would add desirability and value to the hotel and residential component and be financially sustainable as a stand alone business.
R2E CORPORATE PROFILE Experience and Client list - January 2014Page 11
ANDALUSIA GARDENSJeddah, KSA
Client
Kinan/Savola
Project Brief
Retail planning: merchandise mix, positioning, provide brief to architect, client’s representative during design process and assist in planning integration of retail in Mixed use.
R2E CORPORATE PROFILE Experience and Client list - January 2014Page 12
TAJ MALLAmman, Jordan
Client
Halim & Omar Salfiti
Project Brief
Define project parameters and positioning. Worked closely with
F+A in design development. Participated in all aspects of pre-
opening - from leasing direction and management structure.
High end Fashion content anchored by Aishti, Louis Vuitton, etc.
R2E CORPORATE PROFILE Experience and Client list - January 2014Page 13
THE GATEDoha , Qatar
Client
Salam-Bounian
Project Brief: Retained to provide project architect design brief, participate in design development, advise on retail mall master plan and retail content.
The Gate is a high end Boutique Mall in the West Bay of Doha.
Assisted with management organization and recruited General Manager for The Gate, who continues to be employed by Owner.
R2E CORPORATE PROFILE Experience and Client list - January 2014Page 14
DUBAI PEARLDubai, UAE
Client
Omnix
Salam International
Project Brief: Retained by Omnix/Dubai Pearl –developer, to provide local retail expertise to architect –Chapman Taylor, during design development stages. R2E retained to develop plan, position, and theme retail mall components.
Project was not built due to “external” considerations.
R2E CORPORATE PROFILE Experience and Client list - January 2014Page 15
ROMADA MALLHoms, Syria
Client
Issam Anbouba
Project Brief
R2E retained to define project size, scope and target market,
develop architectural brief, assist with design interpretation and
development. Provide Owner with business insight applicable
to the Retail Real Estate Project
R2E CORPORATE PROFILE Experience and Client list - January 2014Page 16
OTHER RELEVANT
EXPERIENCE
Select the proper retail use and tenant for Georges V hotel in
Paris.
Select retail architect and be Owner’s representative during
design development of Moscow’s Moskva Four Seasons Hotel.
Provided retail design input to Nile Plaza Four Seasons Hotel,
and introduced Beymen to Client, who is the retail anchor there.
Negotiated Saks entry into Middle East, negotiated the License
for Kingdom and the introduction for Dubai based operations.
Maintains continued close relationship with Saks, NY.
Extensive dealings with Harvey Nichols on behalf of Moskva
project, and Beirut based Client.
Extensive dealings with Four Seasons Hotel for Riyadh,
Moscow, Muscat (potential)
Page 17 R2E CORPORATE PROFILE Experience and Client list - January 2014