Engel & Völkers
Encyclopedia
Engel & Völkers International GmbH is a privately owned German
company, that via a series of franchise
d offices provides services related to real estate
transactions.
The company expanded through a franchise
system. In addition to the licensing partner system, they introduced the basic concept store as the business model of Engel & Völkers in the mid-nineties, with the property shops decorated in a uniform corporate design.
and Hong Kong
.
The company has expanded in recent years into the world of yachting
.
• 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
• 2010 Closing of the offices in Boston, MA & Osterville, MA - out of business
• 2011 Closing of the offices in East Hampton, NY & Southampton, NY out of business
• 2011 Closing of the offices in Scarsdale, NY & Hastings On Hudson, NY out of business
• 2011 Closing of the offices in Providence, RI & Greenwich, CT out of business
v
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
company, that via a series of franchise
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....
d offices provides services related to real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
transactions.
History
Engel & Völkers was founded in 1977 Hamburg.The company expanded through a franchise
Franchise
Franchise generally means a right or privilege. It may refer to:*Suffrage, the civil right to vote*Franchising, a business method that involves licensing of trademarks and methods of doing business, such as:...
system. In addition to the licensing partner system, they introduced the basic concept store as the business model of Engel & Völkers in the mid-nineties, with the property shops decorated in a uniform corporate design.
Present
Presently, Engel & Völkers operates in 36 countries on 5 continents, with a workforce of more than 3,700 people across 420+ residential shops. The company's headquarter is situated in Hamburg, regional headquarters are located in New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
.
The company has expanded in recent years into the world of yachting
Yachting
Yachting refers to recreational sailing or boating, the specific act of sailing or using other water vessels for sporting purposes.-Competitive sailing:...
.
Corporate 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
• 2010 Closing of the offices in Boston, MA & Osterville, MA - out of business
• 2011 Closing of the offices in East Hampton, NY & Southampton, NY out of business
• 2011 Closing of the offices in Scarsdale, NY & Hastings On Hudson, NY out of business
• 2011 Closing of the offices in Providence, RI & Greenwich, CT out of business
v
See also
- Christie's Great EstatesChristie's Great EstatesChristie's International Real Estate is the real estate arm of Christie's, the fine art auction house. This wholly owned subsidiary was established in 1995 and is an international network of high-end real estate brokers.- History :...
- Sotheby's International RealtySotheby's International RealtySotheby’s International Realty is a luxury real estate brokerage agency that offers a collection of luxury homes, estates and properties for sale throughout the world. It is owned by parent company Realogy, which was spun off in July 2006 from former parent company Cendant. Sotheby’s has real...
- Century 21 Real EstateCentury 21 Real EstateCentury 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 8,000 independently owned and operated offices. Other examples of such a system are Coldwell Banker, Engel & Völkers, ERA Real Estate, ...Century 21 has offices in more than...
- Coldwell BankerColdwell BankerColdwell Banker is a large real estate franchise founded in 1906 in San Francisco.Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories...
- ERA Real Estate
- RE/MAXRE/MAXRE/MAX International is an international real estate company. It was founded in 1973 by David and Gail Liniger in Denver, Colorado, and is still owned by its founders. RE/MAX is an acronym for Real Estate MAXimum....