Franchise news


Engel & Völkers: Sven Odia appointed to the board

Engel & Völkers Beteiligungen AG, Hamburg, which controls the franchise company group, Engel & Völkers, has increased the number of its board members to four. The company has announced that Sven Odia has been appointed to the board effective from 01 September 2006. He is to be responsible for further extending the licence partner system. The other board members are Christian Völkers (Chairman and founder), Alexander Lampert and Thilo von Trotha.

Sven Odia had begun his career at Engel & Völkers and has been involved in the expansion of the international licence partner business. The target is now to internationalize the commercial property sector. There are currently more than 100 Engel & Völkers offices selling residential property outside Germany in 22 countries and on four continents.

In order to further internationalize its system, Engel & Völkers is planning to carry out a comprehensive reorganization of its company group. Those company units currently involved in residential properties and which are run as a licence partner system on the different continents and in Germany are, in the future, to be merged together into the new company, Engel & Völkers Residential GmbH. Jörg Buchen has been appointed managing director of the new company. He had been responsible for the residential property division in Germany and his responsibilities have now been extended to cover all areas of the world.

The commercial property sector is to be run by the new company, Engel & Völkers Commercial GmbH which is in charge of expansion activities both in and outside Germany. Both companies are subsidiaries of Engel & Völkers Holding AG. According to the company, the Engel & Völkers Group is one the world’s leading real estate systems with over 200 residential property branches as well as 19 commercial property offices selling office, retail and industrial locations, investment property, large residential and business buildings as well as real estate portfolios.


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