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CBRE to manage Shell Group’s retail sites

CBRE Group has renewed and expanded its contract with Royal Dutch Shell Plc for managing its 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 US, Canada and South Africa.

In Asia-Pacific, CBRE’s coverage of retail sites for Shell now includes Hong Kong, Indonesia, Malaysia, Philippines, Singapore and Thailand.