Engel & Volkers International in Real Estate Wiki.

The Real Estate Encyclopedia

Engel & Volkers International

Category - Real Estate Companies - Real Estate Franchises

Engel & Völkers was established in 1977 in Hamburg/Germany and is a leading real estate company specializing in buying and selling high end properties in first class locations as well as luxurious yachts.

Today, Engel & Völkers (also spelled Engel & Voelkers) employs over 3200 employees/agents and operates more than 300 Engel & Völkers offices around the world. We are represented in 25 countries on four continents and we are planning to venture into even more countries worldwide in the near future. In Germany alone, Engel & Völkers operates over 320 shops.

The foundation of the continuous growth is a unique licensing concept that guarantees our current and future license partners the greatest possible success. Our business concept offers independent enterprises and start-ups with sales and marketing capabilities and a chance to benefit from the dynamic growth of Engel & Völkers - the company and its product.

Our aim is to continue working with strong partners in opening up new international markets in order to gain market share and rapidly enhance our competitive edge.

We offer our licensed partners an access to clients and prestigious properties across the globe. We currently market over 21.000 properties worldwide and we have around 400.000 active seeking clients. The synergies generated within the group, the shop concept (which is uniform worldwide), the cross selling in the group and other existing forms of cooperation provide an ideal platform for real estate sales - regardless of the geographic location. Precisely, the extensive range of services available to our licensed partners includes assistance in sales and customer support, PR activities, personnel training and development in our Real Estate Academy (for licensed partners as well as agents and shop assistants), as well as business consultancy and marketing services. As a licensed partner you will use the brand rights of Engel & Völkers in a contractually defined area. You will run your own property shops and provide a platform for your employees (agents).

History

1977		Engel & Cie. by established Dirk C. Engel. Sale of American real estate to German clients in cooperation with Previews Inc.
1980		Company specializes in the sale and rental of top-quality residential properties in Hamburg/Germany.
1981		Christian Völkers becomes a partner and MD of Engel & Cie.
1985		Engel & Cie. and Sotheby's International Realty work together.
1986		Dirk C. Engel dies and Christian Völkers becomes sole owner.
1987		Name changes to Engel & Völkers.
1988		Establishment of Grund Genug Verlag, a publishing house which issues the architecture and lifestyle GG magazine. Expansion of business into sale and rental of commercial property.
1989		Opening of first offices outside Germany in Majorca, Spain.
1990		Opening of offices in Hamburg, Berlin and Düsseldorf.
1991		Consolidation of exclusive partnership with Sotheby's International Realty in Majorca.
1995		Conversion from traditional franchise to Shop Concept. Opening of first Real Estate Shop
1996		Transformation of all existing offices into Shop Concept. Foundation of Engel & Völkers Real Estate Academy. Further real estate shops opened in Hamburg, Berlin and Majorca.
1999		Foundation of Engel & Völkers AG.
2000		Opening of shops in South Africa.
2001		Opening of shops in Austria and Switzerland
2002		Opening of shops in Italy, Spain, Portugal, United Kingdom and Ireland.
2003		Commencement of cooperation with Christie's Great Estates, a subsidiary of the world's leading fine arts auction company. It includes the exclusive right of representation in Germany, Majorca, Costa del Sol and the Western regions of South Africa. End of cooperation with Sotheby's.
2004		Opening of shops in Dubai/United Arab Emirates, Luxemburg and Belgium. Foundation of the division International Project Marketing.
2005		Opening of shops in Hungary and the Czech Republic. Engel & Völkers opens Asia Head Office in Hong Kong.
2006		Opening of shops in Turkey, Cyprus and Croatia. Engel & Völkers obtains license to franchise in the USA. Opening of shops in Florida. Engel & Völkers open USA Head Office in New York.
2007		Opening of shops in Connecticut, Massachusetts, Rhode Island and Vermont.
2008		Signing of franchise contracts for Russia, Greece and the Netherlands Engel & Völkers opens USA West Coast Head Office opens in Beverly Hills, California.

External Links

www.engelvolkers.com

Category(s)

Real Estate Companies - Real Estate Franchises

[edit]