The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Shell Proposes to Move Head Office to UK

Shell Proposes to Move Head Office to UK
15 November 2021

Oil giant Shell is proposing to its shareholders that its headquarters should move to the UK.

The proposal states that the company wishes to hold its board and executive committee meetings in the UK, and locate its chief executive and chief financial officer there.

This will align the company’s tax residence with its country of incorporation. The company will also lose the words “Royal Dutch” from its name.

Shell has been incorporated in the UK with Dutch tax residence and a dual share structure since 2005 when Koninklijke Nederlandsche Petroleum Maatschappij and The Shell Transport and Trading Company united under a single parent company.


Ben van Beurden to Move to UK


If successful, the proposal will mean CEO Ben van Beurden will also relocate to the UK.

UK Business Secretary Kwasi Kwarteng noted on Twitter that it was “welcome news” and cited it as “a clear vote of confidence in the British economy as we work to strengthen competitiveness, attract investment and create jobs”.

Shell shareholders will decide on the proposals via a vote at a meeting on 10 December.


Shell Headquarters, The Hague


Shell’s current home is in The Hague, the Netherlands.

Turner & Townsend had been appointed to deliver a new HQ at the site, with completion due for 2025. The work was set to develop the HQ across four buildings, totalling approximately 110,000 sqm, with offices as well as space for learning and employee amenities, and car parks.

Picture: a photograph of the Shell flag flying above a building. Image credit: Photographic Services, Shell International Limited.

Article written by Ella Tansley | Published 15 November 2021


Related Articles

Contractors Sought for New Sustainable Victoria Office

The largest speculative office scheme to come forward in London since the pandemic is to go ahead. Welput, the central London office fund managed by BentallGreenOak...

 Read Full Article
Topland and Beltane Asset Management's Verdant Scheme Begins

Topland and development partner Beltane Asset Management have started construction of Verdant, a comprehensive extension and redevelopment of 150 Aldersgate Street and...

 Read Full Article
OneThreeSix Let to London Fintech Company

Smart, the fintech company, has signed a lease for OneThreeSix as its six-floor global HQ. Native Land has let 136 George Street, which will be to be...

 Read Full Article
1.28m Sq Ft Take-up of Central London Offices in Q1

The latest data from global advisory firm Cushman & Wakefield shows Central London office take-up totalled 1.28 million square feet (MSF) in Q1 2021, a 117 per...

 Read Full Article
New London Workspaces Open in Midtown & Spitalfields

Flexible workspace provider x+why has announced the launch of two new London workspaces: The Fulwood in Midtown and Huguenot Place in Spitalfields. The...

 Read Full Article
JLL to Relocate from Canary Wharf to Wood Wharf

JLL will take 38,000 sq ft at 20 Water Street, Wood Wharf to house its Docklands office. The global real estate adviser will relocate the teams currently based at...

 Read Full Article
IWFM Report Shows 58% of FMs Believe the Market Will Improve Within a Year

The Institute of Workplace and Facilities Management has released its Market Outlook 2021 report, revealing that most FM professionals believe the market will...

 Read Full Article
Goldman Sachs to Open New Birmingham Office

Goldman Sachs Group has announced that it intends to expand its footprint in the UK by opening a new office in Birmingham. The investment banking firm hopes to open...

 Read Full Article
Former Sage Newcastle HQ For Sale

The former Sage headquarters office building in Newcastle upon Tyne, North Park, has been placed on the market. The 212,865 sq ft office building is located in...

 Read Full Article
77 Coleman Street Reaches 50% Occupancy Despite Pandemic

Dolfin Financial Ltd has been announced as the latest tenant at the landmark London building. Kajima Properties, the London based property investor, developer and...

 Read Full Article