Rahul Sharma (Editor)

Engel and Völkers

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Number of locations
  
38 countries

Website
  
www.engelvoelkers.com

Founded
  
Key people
  
Christian Völkers

Headquarters
  
Hamburg, Germany

Motto
  
"List Local, Sell Global"

Engel & Völkers

Industry
  
Real Estate, Yachting, Aviation

Revenue
  
€ 230,8 mio. (in 2013 in Euro)

CEO
  
Sven Odia (2014–), Christian Völkers (2014–)

Subsidiaries
  
Engel & Völkers Development GmbH

Profiles

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

Contents

Engel & Völkers was founded under the name Engel & Cie in 1977 in Hamburg, Germany. The company expanded through a franchise system and since 2013 through the Metropolitan Market Center concept.

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.

History

  • 1977 - Founding of the company Engel & Cie by Dirk C. Engel.
  • 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
  • 2013 - Establishment of the Metropolitan Market Center concept
  • 2014 - Expansion into Canada
  • 2015 - Aviation Division Founded
  • Present

    Presently, Engel & Völkers operates in 39 countries on 6 continents, with a workforce of more than 7,000 people across more than 500 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. The company's headquarters is situated in Hamburg, Germany and regional headquarters are located in New York City and Hong Kong.

    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.

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

    In 2013 the company established the Metropolitan Market Center (MMC) concept in Barcelona, Spain. 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. Nowadays, there are several of them, such as Madrid, Paris, Dubai, Rome, New York City.

    References

    Engel & Völkers Wikipedia


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