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CBRE Group, Inc Awarded Global Retail Property Mandate for Shell Group
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  • CBRE Group, Inc Awarded Global Retail Property Mandate for Shell Group

CBRE Group, Inc Awarded Global Retail Property Mandate for Shell Group

24 March 2014
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Hong Kong, March 24, 2014 - CBRE Group, Inc. (NYSE:CBG) today 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.

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

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.”

CBRE’s retail site coverage on behalf of Shell includes:
 
Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Thailand, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Germany, Luxembourg, Netherlands, Norway, Poland, Slovakia, Switzerland, United Kingdom, Canada, USA, South Africa
 

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About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), 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).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. 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. Please visit our website at www.cbre.com.au.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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