Shell Neft has appointed Cushman & Wakefield to manage its retail real estate portfolio comprising more than 90 stations in Moscow and St. Petersburg region.
Shell Neft has appointed Cushman & Wakefield to manage its retail real estate portfolio comprising more than 90 stations in Moscow and St. Petersburg region.
The adviser 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 optimisation and additional value creation.
The mandate follows an advisory role for Cushman & Wakefield last year on Shell Neft's acquisition of existing petrol stations as well as land plots for petrol stations.
Tatiana Osipova, head of property management, Cushman & Wakefield, Russia said: 'We welcome the opportunity to manage 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.'
Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. Currently it has more than 14.4 mln m2 of commercial real estate in 15 EMEA countries under asset management.
