CBRE Group has announced a renewal and expansion of its retail property management contract with multinational oil and gas company Royal Dutch Shell Plc.
The new contract will see CBRE manage the international energy company’s retail network portfolio in 22 countries across four continents.
CBRE has managed the Shell Retail European portfolio since 2010, but under the extended contract, CBRE’s Global Corporate Services (GCS) group will provide real estate transaction management, lease administration and real estate consultancy services to over 3,000 retail sites in Asia Pacific, the U.S., Canada and South Africa, taking the total sites CBRE manages for Shell to around 9,000 retail sites across Europe, Asia Pacific, North America, Canada and Africa.
Mark Caskey, EMEA Head of Global Corporate Services (GCS), at CBRE commented:
“Shell Retail is a long-standing client for CBRE in Europe. We are pleased not only to retain our relationship within that region, but also to extend our partnership across Asia, Africa and North America. Our specialist petroleum and automotive division 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.”
Both Carillion and Johnson Controls Global Workplace Solutions have recently been selected for the delivery of facilities management services for the oil giant’s global estate, whilst G4S won a deal to provide security solutions to the company in more than 30 countries.