Franchise news

12.08.2007

Engel & Völkers opens up its 300th office

The Engel & Völkers Group which is, it says, the world’s leading licence business for high quality real estate, succeeded in considerably speeding up the growth of its network during the second quarter of 2007. According to information provided by the company, its brand turnover increased by such an extent in April, May and June 2007 that its six-month turnover for the first half of 2007 grew by 56 percent to 72.8 million euros (same period last year: 46.8 million euros).

The total value of properties sold by the company lay at just under 2 billion euros with the greatest growth being experienced by its commercial property sector which increased to 29.8 million euros (same period last year: 15.5 million euros). The company also announced that the turnover made by the real estate shops outside Germany selling residential property grew by 30 percent to 21 million euros during the first six months of this year. At the end of July, the network consisted of 274 shops selling residential real estate as well as 26 commercial property shops and a workforce of around 2,170 people.

Furthermore, Engel & Völkers opened up its 300th office, a shop in Punta Gorda in the south west of Florida selling residential real estate. “We are expecting a similar rate of growth for the second half of the year, with the established businesses continuing to develop well and at least two new Engel & Völkers shops or offices opening up every week,” commented Christian Völkers, founder and board chairman of the group.


ENGEL & VÖLKERS (D)

selling high quality residential and commercial properties
» to the franchisor


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Engel & Völkers opens up its 300th office

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