Engel & Völkers
 | A major contributor to this article appears to have a close connection with its subject. (December 2010) |
 | |
| Industry | Real estate, yachting, aviation |
|---|---|
| Founded | Hamburg, Germany (1977) |
| Headquarters | Hamburg, Germany |
Number of locations | 38 countries |
Key people | Christian Völkers |
| Revenue | €668 million. (in 2017 in Euro)[1] |
| Website | engelvoelkers |
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 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
- 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 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
- ^ a b c "About – Engel & Völkers". Engel & Völkers. Retrieved 13 June 2015.
- ^ "Franchisetoown". Franchisetoown.com. Retrieved 13 June 2015.
- ^ "Private office – Engel & Völkers". Engel & Völkers.
- ^ [1] Archived 13 December 2010 at the Wayback Machine
- ^ "Engel & Völkers adds private jets to its portfolio". Engel & Völkers. 1 May 2015. Retrieved 25 April 2019.
- ^ [2] Archived 10 July 2010 at the Wayback Machine
- ^ "Engel & Volkers Makes Great Strides in the US". Thefreelibrary.com. Retrieved 13 June 2015.
- ^ "About". Engel & Völkers. Retrieved 8 June 2019.
- ^ "The Most Remarkable Shop Image & Design Property Agent Award – ENGEL & VÖLKERS, Mid Levels – Square Foot". Squarefoot.com.hk. Retrieved 13 June 2015.
- ^ "Private office – Engel & Völkers". Engel & Völkers. Archived from the original on 10 June 2015. Retrieved 13 June 2015.
- ^ "Engel & Volkers Yachting Germany & Equisea Yacht Management Monaco form partnership". Charterworld.com. Retrieved 13 June 2015.
- ^ "Engel & Völkers opens Metropolitan Market Center in Barcelona – Engel & Völkers". Engel & Völkers. Retrieved 13 June 2015.
External links
- Official website
- California Department of Corporations UFOC document[permanent dead link]
- "E&V faces new suits from U.S. brokers". The Real Deal. 15 June 2011. Retrieved 16 January 2016.
