Shell selects CBRE as European retail property advisor

In one of the largest recent appointments in the European retail property sector, CB Richard Ellis Group, today announced that it has been selected by Shell to provide transaction and portfolio management services across its European retail portfolio.

The assignment will see CBRE take management of delivering real estate services to Shell’s retail portfolio in the region, encompassing more than 6,000 sites across 17 European countries including: Czech Republic, Slovakia, Germany, Hungary, Italy, UK, Poland, Bulgaria, Switzerland, Austria, Norway, Denmark, Sweden, Finland, Belgium, Netherlands and Luxemburg. In addition, CBRE has been engaged to support Shell with the development of their property strategy for Latin America.