This morning, Shell employees were notified that the bulk of the company's Downtown offices will be relocated to Shell's Woodcreek Complex and Shell Technology Center on the west side of Houston. Shell has 350k SF at One Shell on the sublease market as well as 299k SF in BG Group Place. Shell's trading operations will remain Downtown. The change will take effect in Q1 2017.
In a statement, Shell said the move is designed to "meet the ever-changing market conditions and optimize resources for future opportunities." It underscores that Houston remains critical to its core business, saying "it's where we have much of our expertise, including engineering and operations support, as well as two technology/research centers."
