Engel & Völkers

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Engel & Völkers AG
Industry Real Estate, Yachting
Founded Hamburg, Germany (1977)
Headquarters Hamburg, Germany
Number of locations 38 countries
Key people Christian Völkers
Revenue € 230,8 mio. (in 2013 in Euro)[1]
Website www.engelvoelkers.com

Engel & Völkers AG is a privately owned German company that, via a series of franchised offices, provides services related to real estate transactions.[2][3]

Engel & Völkers was founded in 1977 in Hamburg, Germany .[4] The company expanded through a franchise system. In addition to the licensing partner system, it introduced the luxury concept store as the business model of Engel & Völkers in the mid-1990s, with the property shops decorated in a uniform, corporate design.

Around 520 residential property shops specialised in high-class real estate and 49 commercial offices brokering retail, office and industrial space, investment properties, multi-purpose apartment and office blocks and property portfolios offer both private and institutional clients a professionally tailored range of services.[5]

Present

Typical Engel & Völkers property shop
Engel & Völkers shop in Lima, Peru

Presently, Engel & Völkers operates in 38 countries on 6 continents,[6] with a workforce of more than 4,600 people across more than 490 luxury real estate brokerages and 49 commercial offices brokering retail, office and industrial space, investment properties, multi-purpose apartment and office blocks and property portfolios offer both private and institutional clients.[7] The company's headquarters is situated in Hamburg, Germany and regional headquarters are located in New York City and Hong Kong.[8]

Engel & Völkers Private Office specialises in serving private clients, operating similar to a family office. From its headquarters in London and with the utmost discretion, the Engel & Völkers Private Office provides personal support to clients interested in selling or buying global luxury property.[9]

The company has expanded in recent years into the world of yachting.[10]

In 2013 the company established the Metropolitan Market Center (MMC) concept. The licence for an MMC covers the entire geographical region of a metropolis. This means that its transaction volume is equivalent to that of between ten and 20 traditional Engel & Völkers shops and offices.[11]

Corporate History

• 1977 Founding of the company Engel & Cie by Dirk C. Engel.[12]
• 1981 Christian Völkers becomes Managing Partner of Engel & Cie
• 1987 Renaming of the company from Engel & Cie to Engel & Völkers GmbH
• 1988 Expansion of the residential division begins
• 1990 Opening of the first Engel & Völkers office outside of Germany in Palma/Mallorca
• 1996 Founding of the real estate academy
• 1999 Founding of Engel & Völkers AG
• 2002 Introduction of the master licence concept
• 2008 Founding of the new division Yachting
• 2009 Opening of the 400th office worldwide
• 2012 Now represented with 500 shops and offices worldwide
• 2013 Establishment of the Metropolitan Market Center concept
• 2014 Expansion into Canada

See also

External links

This article incorporates information from the equivalent article on the German Wikipedia.

References

  1. ↑ Financial Data Engel & Völkers AG
  2. ↑ Franchise Town
  3. ↑ Private Office
  4. ↑ Corporate History: Engel & Völkers
  5. ↑ About E&V
  6. ↑ http://www.franchisebusiness.com.au/c/Engel-Völkers-Australia
  7. ↑ Engel & Volkers Makes Great Strides in the US. by Pr Newswire, May 25, 2007
  8. ↑ http://www.squarefoot.com.hk/bob-property-agent-awards/engel-volkers.php
  9. ↑ http://www.engelvoelkers.com/company/private-office/
  10. ↑ http://www.charterworld.com/news/engel-volkers-yachting-germany-equisea-yacht-management-monaco-form-partnership
  11. ↑ Engel & Völkers opens Metropolitan Market Center in Barcelona
  12. ↑ Engel & Völkers History by Engel & Völkers Sint-Martens-Latem
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