Los Angeles — CBRE will manage Royal Dutch Shell Plc.’s retail network portfolio in 22 countries across four continents.
Los Angeles — CBRE Group, Inc. has renewed and expanded its contract with Royal Dutch Shell Plc. CBRE will manage the international energy company’s retail network portfolio in 22 countries across four continents.
Under the contract, CBRE’s Global Corporate Services (GCS) group will provide real estate transaction management, lease administration and real estate consultancy services covering approximately 9,000 retail sites. CBRE has managed the Shell Retail European portfolio since 2010, but the scope of the contract has now expanded to include more than 3,000 retail sites in Asia Pacific, the U.S., Canada and South Africa.
“Shell Retail is a long-standing client for CBRE in Europe,” says Mark Caskey, EMEA head of global corporate services (GCS) at CBRE. “[We] will strive to enhance the Shell Retail network by bringing uniformity of delivery, best practice transfer across regions and dedicated investment in network analysis tools and technology.”
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
For more information, visit www.cbre.com.
SOURCE: CBRE Group, Inc.