Franchise news

03.02.2007

Engel & Völkers in 2006: best results for 30 years

The Engel & Völkers Group continued to expand in the 2006 business year. The franchise network has announced that its global brokerage turnover from this brand increased by 59 percent to 123.6 million euros – the best ever result in the company’s 30-year history.

Its commercial property division also expanded at an above-average rate. In 2006, the Engel & Völkers Group succeeded in selling property worth a total of approximately three billion euros. “We are well on the way to becoming a truly global company,” commented Christian Völkers, chairman of the Engel & Völkers AG board. “Last year, we set the course to enable us to further expand.” Engel & Völkers have also received the necessary approval in the USA to grant licences. Parallel to the Group’s headquarters in Hamburg, two further head offices have been set up in New York and Hong Kong to manage the expansion of the network in North and South America as well as in Asia and Australia.

“We are currently opening up at least one new branch a week and are assuming that this rate double as 2007 progresses,” said Mr Völkers. He is expecting the network to have grown by 40 to 50 percent this year. Around 1,700 employees currently work in the 204 residential real estate branches and 19 commercial property offices which are located in 25 countries and on four continents. Engel & Völkers’ strongest market is in Spain and on the Balearic islands and the Canary islands where it has a total of 49 residential real estate branches, followed by South Africa (37) and Switzerland (17). There are currently five Engel & Völkers residential real estate offices operating in the USA.


ENGEL & VÖLKERS (D)

selling high quality residential and commercial properties
» to the franchisor


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Engel & Völkers in 2006: best results for 30 years

26.02.2006 » 

Engel & Völkers looking to further expand in Asia and the USA

23.09.2005 » 

Engel & Völkers training its sights on the Asian market

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