Engel & Völkers

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 AG
IndustryReal estate, yachting, aviation
FoundedHamburg, Germany (1977)
HeadquartersHamburg, Germany
Number of locations
38 countries
Key people
Christian Völkers
Revenue€668 million. (in 2017 in Euro)[1]
Websiteengelvoelkers.com

Engel & Völkers was founded under the name Engel & Cie in 1977 in Hamburg, Germany.[1] The company has expanded primarily through a franchise system.

The firm has around 520 residential property offices and 49 commercial offices brokering retail, office and industrial space, investment properties, multi-purpose apartment and office blocks and property portfolios.[1]

History
Typical Engel & Völkers property shop
  • 1977 – Founding of the company Engel & Cie by Dirk C. Engel.[4]
  • 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
  • 2011 – Three franchises sue Engel & Voelkers in US
  • 2012 – Now represented with 500 shops and offices worldwide
  • 2014 – Expansion into Canada
  • 2015 – Aviation Division Founded[5]

Present
Engel & Völkers shop in Lima, Peru

Engel & Völkers operates in 30 countries on 4 continents, with a workforce of approximately 11,000 people across 800 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.[6][7][8] The company's headquarters is situated in Hamburg, Germany and regional headquarters are located in New York City and Hong Kong.[9]

The Engel & Völkers Private Office specialises in serving private clients. From its headquarters in London, it provides personal support for clients interested in buying or selling luxury property worldwide.[10]

In recent years, the company has expanded into the world of yachting.[11]

In 2013, the company established the first of their in-house brand of Metropolitan Market Centers in Barcelona, Spain. The licence for an MMC covers the entire geographical region of a metropolis, resulting in a larger transaction volume than a traditional Engel & Völkers office.[12]

References
  1. "About – Engel & Völkers". Engel & Völkers. Retrieved 13 June 2015.
  2. "Franchisetoown". Franchisetoown.com. Retrieved 13 June 2015.
  3. "Private office – Engel & Völkers". Engel & Völkers.
  4. Archived 13 December 2010 at the Wayback Machine
  5. "Engel & Völkers adds private jets to its portfolio". Engel & Völkers. 1 May 2015. Retrieved 25 April 2019.
  6. Archived 10 July 2010 at the Wayback Machine
  7. "Engel & Volkers Makes Great Strides in the US". Thefreelibrary.com. Retrieved 13 June 2015.
  8. "About". Engel & Völkers. Retrieved 8 June 2019.
  9. "The Most Remarkable Shop Image & Design Property Agent Award – ENGEL & VÖLKERS, Mid Levels – Square Foot". Squarefoot.com.hk. Retrieved 13 June 2015.
  10. "Private office – Engel & Völkers". Engel & Völkers. Archived from the original on 10 June 2015. Retrieved 13 June 2015.
  11. "Engel & Volkers Yachting Germany & Equisea Yacht Management Monaco form partnership". Charterworld.com. Retrieved 13 June 2015.
  12. "Engel & Völkers opens Metropolitan Market Center in Barcelona – Engel & Völkers". Engel & Völkers. Retrieved 13 June 2015.
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