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CBRE picks up Shell gig

CBRE Group, Inc.announced a renewal and expansion of 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 around 9,000 retail sites.

CBRE has managed the Shell Retail European portfolio since 2010, but the scope of the contract has now expanded to also include over 3,000 retail sites in Asia Pacific, the U.S., Canada and South Africa.

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