Engel & Völkers
| Engel & Völkers AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1977 |
| Seat |
Hamburg , Germany
|
| management | Board of Directors: Christian Völkers, Sven Odia, Thilo von Trotha, Kai Enders, Paloma Pérez-Bravo |
| Number of employees | 364 (Group, annual average 2016) |
| sales | 820 million euros (2019) |
| Branch | Franchising , real estate |
| Website | www.engelvoelkers.com |
| Status: 2019 | |
The Engel & Völkers AG (E & V) is a German franchisor in the field of mediation of residential and commercial properties as well as yachts and aircraft. In addition to the established franchise concept, Engel & Völkers has also been relying on the Group's own Market Centers (MC) in the most important cities around the world since 2013. a. in Madrid, Paris, Rome, Athens, New York, Dubai and Hong Kong. The company was founded in 1977 as Engel & Cie . The broker network operating under the Engel & Völkers brand is represented by more than 12,000 people at over 800 locations in more than 30 countries on four continents and generated brand brokerage sales of 820 million euros in the 2019 financial year.
history
In 1977 Dirk C. Engel founded Engel & Cie , and Christian Völkers became a partner in 1981. After the death of Dirk Engel in 1986, the company was renamed Engel & Völkers .
In 1988 the company founded the in-house Grund-Genug-Verlag , which publishes the real estate magazine Grund Genug (GG) in six languages every quarter . The IVW-tested circulation was 158,153 copies in the third quarter of 2015.
In 1990 the first international Engel & Völkers office was opened in Palma de Mallorca . In 1998 the franchise system was introduced. The company has been operating as Engel & Völkers AG since 1999 . After the collapse of the Neuer Markt , the planned share placement was not carried out and in 2003 it was postponed indefinitely. In September 2003, the premium broker Sotheby’s International Realty ended the sales partnership with Engel & Völkers due to differing views on the sales concept and business model . Engel & Völkers has been expanding in the USA since 2004. In South America, the brand is present in Chile, Uruguay and Colombia. The Engel & Völkers brand is also represented in South Africa, the Arabian Peninsula and Hong Kong.
The Engel & Völkers Residential GmbH is since 2008 member of the German Franchise Association (DFV). In May 2013 Kai Enders, member of the board of Engel & Völkers AG , was elected to the board of the DFV.
In September 2018 Engel & Völkers moved into the new company building in Hamburg's Hafencity, "Strandhaus", a building by the well-known architect Richard Meier .
1977 - Foundation of 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 - Grund Genug Verlag is founded. Entry into commercial property
1990 - The first Engel & Völkers office outside Germany opens in Palma / Mallorca
1996 - Introduction of the Engel & Völkers shop system
1998 - Introduction of the franchise partner system
1999 - Engel & Völkers AG is founded
2001 - First branch opened outside of Europe in South Africa
2002 - Introduction of the master license concept
2006 - New York headquarters opened
2007 - Establishment of the Yachting and Private Office divisions
2009 - Opening of the 400th office worldwide
2012 - Now represented worldwide with 500 stores and offices
2013 - Introduction of the Market Center (MC) concept and opening of the first MC in Barcelona
2014 - expansion to Canada
2018 - Relocation to the new company headquarters in Hamburg's Hafencity
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Business model
franchise
Engel & Völkers is a franchisor who issues licenses to independent entrepreneurs (franchisees) to broker residential and commercial real estate as well as yachts and aircraft under the “Engel & Völkers” brand. The licenses cover a defined region in which the licensees operate a real estate shop, a commercial real estate office or a yachting shop, depending on the type of license. The shops and offices are designed in a uniform corporate design . Engel & Völkers' range of services includes advice, leasing, sales and valuations relating to the transaction of real estate, yachts and aircraft.
Market Center
The Market Center (MC) concept was introduced in 2013 to complement the successfully established licensing partner system from Engel & Völkers. The aim of these companies is to offer even more expertise in international metropolises with a larger number of real estate consultants and to be able to gain a larger market share in strategically important locations. The area of an MC covers a geographic region with a transaction volume of 10 to 20 classic Engel & Völkers residential property shops or commercial offices. Currently, up to 500 real estate consultants are active in more than 15 Engel & Völkers Market Centers worldwide. The Market Centers operate under the umbrella brand and company name of Engel & Völkers AG.
Market Centers (LINK) operated by Engel & Völkers AG are represented in the following cities:
- Athens, Greece
- Barcelona, Spain
- Berlin, Germany
- Bogotá, Colombia
- Dubai, UAE
- Elbe, Germany
- Hong Kong
- Lisbon, Portugal
- Madrid I, Spain
- Madrid II, Spain
- Mriehel, Malta
- New York, USA
- Paris, France
- Rome, Italy
- Valencia, Spain
- Vienna, Austria
Reason Enough (GG) magazine
Grund Genug magazine is an award-winning luxury lifestyle magazine. GG combines the worlds of architecture, lifestyle, design and travel with the best real estate from Engel & Völkers. As one of the most powerful marketing tools, this seasonal publication is available at kiosks across Europe and is delivered directly to top customers and local Engel & Völkers shop locations around the world. Via GG, Engel & Völkers opens up exclusive access to some of the most fascinating personalities and breathtaking regions and presents the best offers from its customers in a unique way to a curated audience of global customers with an appreciation for the best in life.
The first issue of Engel & Völkers Grund Genug magazine was published in 1988. It appears quarterly in German, English, Spanish, Italian, French and Flemish.
criticism
In 2000, Engel & Völkers took over Blumenauer Holding in Frankfurt am Main , and in the wake of the subsequent bankruptcy of Blumenauer Holding, CEO Christian Völkers was sentenced by the Frankfurt am Main Regional Court on January 29, 2008 for aiding and abetting , and two other members of the company's management were given each one imprisonment on probation.
At the time of the considerable upturn in the real estate market in Dubai, an investor invested in the White Bay construction project , which an employee of a sub-license partner of Engel & Völkers had arranged for him. As a result of the severe financial crisis in autumn 2008, the entire market in Dubai collapsed. The failure of numerous banks in the upcoming financing resulted in the White Bay project becoming illiquid and ultimately insolvent.
Web links
Individual evidence
- ↑ a b engelvoelkers.com: Imprint
- ↑ Consolidated financial statements for the 2016 financial year of Engel & Völkers AG. In: Bundesanzeiger , July 16, 2018, accessed on September 23, 2018.
- ↑ a b c About E&V . Engel & Völkers AG website, accessed on September 23, 2018.
- ↑ FOCUS Magazine No. 34/2010: "I'm also satisfied with only three rooms". Retrieved January 31, 2014 .
- ^ Information community to determine the distribution of advertising media. Accessed on January 3, 2014 .
- ^ Völkers: Jetsetter in distress. handelsblatt.com , September 15, 2003, accessed April 7, 2013 .
- ↑ Nobel real estate: Sotheby's ends partnership with Engel & Völkers. In: The world . August 8, 2003, accessed April 20, 2013 .
- ^ An overview of the DFV members. (No longer available online.) Franchiseverband.com, January 2014, archived from the original on February 2, 2014 ; accessed on January 22, 2014 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Franchise Forum 2013: 3 days dedicated to cultivating relationships. (No longer available online.) Franchiseverband.com, May 8, 2013, archived from the original on January 3, 2014 ; Retrieved January 3, 2014 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Engel & Völkers Headquarters and Apartments - Richard Meier & Partners Architects. Retrieved November 23, 2018 .
- ↑ Hamburg's celebrity broker Völkers cracked. In: Bild.de . April 22, 2008, accessed April 6, 2013 .
- ↑ Celebrity broker Engel & Völkers mega project in Dubai burst. Bild.de , May 18, 2011, accessed on August 26, 2013 .
- ↑ Dubious real estate investment in Dubai: Engel & Völkers customers lose high sums of money / law firm is looking for more Engel & Völkers victims. (No longer available online.) Flife.de , May 17, 2011, formerly in the original ; Retrieved August 26, 2013 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
Coordinates: 53 ° 33 ′ 6.1 ″ N , 9 ° 59 ′ 7.1 ″ E