X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-DTZ, a real estate adviser based out of London, has been tapped to manage roughly 5,000 retail locations in 11 countries for Shell International Petroleum Co. Ltd.

“This is a fantastic result and further evidence of DTZ’s commitment to serving world-class clients such as Shell,” says Paul Idzik, DTZ group CEO. “It demonstrates our ability to deliver unrivaled solutions combining deep local knowledge with global expertise. We look forward to helping Shell meet their business objectives in this area.”

David Jones, a member of DTZ’s occupier services team, will head up the account helping shell with property and transaction management throughout North America and Asia Pacific. DTZ’s occupier services team has worked with more than 50% of the major companies throughout Europe such as Barclays, RBS, Vadofone, Yahoo! and DuPont.

“We are impressed with DTZ’s approach to partnering with us to help achieve our targets and we look forward to developing a strong relationship with DTZ across these two important regions,” says Carolyn Gomez, retail real estate manager for Shell.

A DTZ source tells GlobeSt.com the retail locations it will manage are located in Canada, the US, Singapore, Malaysia, Hong Kong, Pakistan, Thailand, Indonesia, The Philippines, Australia and New Zealand.

The deal is not typical, as fuel stations don’t tend to outsource management instead opting to manage the locations with in-house teams based in the particular country. “Shell’s action comes in response to further globalization of their operations, a drive for consistency, the need for best practice and to maximize value opportunities across the substantial portfolio, particularly high alternative value sites and strategic locations,” according to the source.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.