Engel & Völkers

Engel & Völkers International GmbH

File:Engelvoelkers.gif
Industry	Real Estate,Yachting
Founded	Hamburg, Germany (1977)
Headquarters	Hamburg, Germany
Number of locations	37 countries
Key people	Christian Völkers
Revenue	€ 91.956.000 ** (in 2009 in Euro)
Website	www.engelvoelkers.com

Engel & Völkers International GmbH is a privately owned company that provides services related to real estate transactions: consulting, leasing, sales and valuations for private and institutional clients. It owns and franchises one of the industry's leading real estate brands and brokerages and is therefor a competitor of the also international real estate franchises such as Coldwell Banker, Century 21 Real Estate, ERA Real Estate, ...

What is Engel & Völkers

Engel & Völkers is an internationally operating service company of residential, commercial properties and yachts in the premium segment. The Engel & Völkers System consists out of a licencing system. Meaning that all "shops" are independently owned and operated. Engel & Völkers has "shops" in 37 countries on 5 continents. Engel & Völkers's consumer website, www.engelvoelkers.com

The company is still privately owned. Engel & Völkers Real Estate is headquartered in Hamburg, Germany.

Company Slogans

"List Local, Sell Global"
"Think Local, Act Global" ...

History

In 1977, Engel & Völkers was founded in Hamburg and is presently in 37 countries on 5 continents. Today around 3,640 people work under the umbrella of Engel & Völkers.
The company's headquarter is situated in Hamburg, regional headquarters are located in New York City and in Hong Kong. The company offers multiple services related to real estate transactions: consulting, leasing, sales and valuations for private and institutional clients. The company works with a franchise system, through which independent entrepreneurs can join and become a licence partner of Engel & Völkers. The trademark rights are given to (licence) partners in a stipulated area. The partners use the brand name of Engel & Völkers and its standardized services. In addition to the licensing partner system, they introduced the basic concept store as the business model of Engel & Völkers in the mid-nineties. The property shops are decorated in a uniform corporate design.
The network of Engel & Völkers now consists of more than 420+ residential property shops and 44 commercial offices.

Shop Concept/Look

Since the introduction of the shop concept, it has been copied by multiple competitors, as well as some former licence partners.

Corporate History

• 1977 Founding of the company Engel & Cie by Dirk C. Engel.
• 1977 Sale of American real estate to German investors in cooperation with Previews Inc.
• 1981 Christian Völkers becomes Managing Partner of Engel & Cie
• 1987 Renaming of the company from Engel & Cie to Engel & Völkers GmbH
• 1988 Founding of the Grund Genug publishing house and first publication of the architecture and lifestyle magazine “Grund Genug” (GG)
• 1988 Expansion of the Residential division begins
• 1988 Founding of Engel & Völkers Gewerbe Immobilien GmbH
• 1990 Opening of the first Engel & Völkers office outside of Germany in Palma/Majorca
• 1996 Founding of the real estate academy
• 1998 Establishment of the Licence Partner model
• 1999 Founding of Engel & Völkers AG
• 2002 Introduction of the master licence concept
• 2004 Founding of the new “Projektmarketing International” division (now known as “Resorts”)
• 2006 Large-scale expansion of the Commercial business division
• 2007 Founding of the consultancy company Engel & Völkers Advisory GmbH
• 2007 Opening of the 300th office worldwide
• 2007 Founding of the Private Office in London
• 2008 Founding of the new division Yachting
• 2008 Foundation of Engel & Völkers Charity
• 2008 Start of the international expansion of the Commercial division: Opening of international commercial offices in Prague, Lisbon and Doha
• 2009 Opening of the 400th office worldwide
• 2009 Founding of the Capital AG
• 2009 Engel & Völkers wins first place in the "Maklerranking" of the "immobilien manager" magazine
• 2010 Engel & Völkers wins first place again in the "Maklerranking" of the "immobilien manager" magazine

Website

Main Website: http://www.engelvoelkers.com/

Next to the main website many shops have their own subdomain:

Europe
Subdomain Engel & Völkers Sint-Martens-Latem, Belgium or Domain 2 with blog
Subdomain Engel & Völkers Mougins, France

United States
Subdomain Engel & Völkers Locust Valley, NY, USA
Subdomain Engel & Völkers San Francisco, CA, USA
Subdomain Engel & Völkers Newport Beach, CA, USA
Subdomain Engel & Völkers Santa Monica, CA, USA
Subdomain Engel & Völkers Miami, FL, USA

Asia
Subdomain Engel & Völkers Bangkok, Thailand
Subdomain Engel & Völkers Hua Hin, Thailand
Subdomain Engel & Völkers Phuket, Thailand
...

Click here for the Full Subdomain List

External links

• Engel & Völkers International Website

References/Sources

http://www.evlatem.be/
http://www.immobilienmanager.de/
http://www.franchisetoown.com/franchise_detail.php?id=377
http://www.private-office.com/about-engel-and-voelkers
http://www.franchiseuniverse.com/en/ae/template/buyer,OpportunityListing.vm/instancekey/SO%3AN2326%3A
http://www.evlatem.be/blog/2010/07/22/engel-volkers-continues-its-course-of-growth/
http://www.franchisedirect.com/realestatefranchises/engel-volkers-franchise-05558/ufoc/
http://www.franchisebusiness.com.au/c/Engel-Völkers-Australia
http://www.thefreelibrary.com/Engel+%26+Volkers+Makes+Great+Strides+in+the+US-a0163936354
http://www.squarefoot.com.hk/bob-property-agent-awards/engel-volkers.php
http://www.charterworld.com/news/engel-volkers-yachting-germany-equisea-yacht-management-monaco-form-partnership

Clarifications

asteriks ** = The revenue number comes out of the 2009 “Makler-Ranking”, which is published yearly by a leading German real-estate magazine by the name of “Immobilienmanager”.