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Cushman & Wakefield, Russia will manage Shell’s Real Estate Portfolio

Shell Neft LLC has appointed Cushman & Wakefield, the world’s largest privately-held commercial real estate services firm, to manage its Retail Real Estate portfolio comprising more than 90 stations in Moscow and St. Petersburg region. Cushman & Wakefield will be responsible for the development and implementation of the Real Estate Plans to increase efficiency of Shell’s oil & gas station portfolio through cost optimization and additional value creation. In 2012 Cushman & Wakefield successfully advised Shell Neft LLC on the acquisition of existing petrol stations as well as land plots for petrol stations.

Tatiana Osipova, Head of Property Management, Cushman & Wakefield: “We welcome the opportunity to manage the Shell’s petrol station portfolio. We will be focused on cost efficiencies through close monitoring of rents and terms of lease agreements whilst increasing asset capitalization by creating revenue opportunities like tenants agreements with coffee shops and fast food operators”.

Currently Cushman & Wakefield has more than 14.4 ml sq.m. of commercial real estate in 15 EMEA countries under asset management.