Engel & Völkers
Corporate History
| 1977 | Establishment of the
company Engel & Cie. by Dirk C. Engel. Sale of American
real estate to German clients in cooperation with Previews Inc. | ||
| 1980 | Relocation of company
to office at Elbchaussee 414, Hamburg. Specialization
in the sale and rental of top-quality residential premises in
suburbs of Hamburg. Membership in RDM, the professional organization
of German real estate agents. | ||
| 1981 | Christian Völkers becomes a partner and managing director of Engel & Cie. | ||
| 1985 | Commencement of cooperation with Sotheby's International Realty (SIR). | ||
| 1986 | Death of Dirk C. Engel. Company taken over by Christian Völkers. | ||
| 1987 | Company name changed
from Engel & Cie to Engel & Völkers GmbH. Company
structure and areas of business remain unchanged. | ||
| 1988 | Establishment of Grund
Genug Verlag, a publishing house which issues the architecture
and lifestyle magazine Grund Genug. Opening of a new office - Büro Alster - in Hamburg. Expansion of business in the residential properties division. Establishment of Engel & Völkers Gewerbe Immobilien GmbH (sale and rental of commercial property). Opening of the first office for residential property/holiday homes in the Tegernsee (Bavaria) and Holstein areas. | ||
| 1989 | Opening of office in
Bogenhausen, Munich. Opening of Majorca office in Spain. | ||
| 1990 | Expansion of German network of offices: Opening of various offices in Hamburg, Berlin and Düsseldorf. | ||
| 1991 | Consolidation of exclusive partnership with Sotheby's International Realty in Majorca. | ||
| 1992 | Opening of offices in Leipzig and Dresden. | ||
| 1994 | Opening of offices in Grünwald
(Bavaria), Sachsenwald (Hamburg), Sylt and Bad Homburg (Hessen). | ||
| 1995 | Opening of first Real Estate Shop
in Bogenhausen, Munich, by the Engel & Völkers Group. | ||
| 1996 | Consolidation of Shop Concept (transformation of existing offices into shops).
Further real estate shops opened in Hamburg, Berlin and Majorca.
Foundation of Engel & Völkers Real Estate Academy. | ||
| 1998 | Licensing agreements concluded with several independent agents in the residential and commercial segments.
Opening of various licensed offices with partners in the greater Hamburg area, Hanover, Bremen and Berlin. | ||
| 1999 | Foundation of Engel & Völkers AG. | ||
| 2000 | Opening of further offices in Majorca and South Africa. | ||
| 2001 | Intergration of all activities of the Blumenauer Immobilien Holding GmbH in the Engel & Völkers AG
Founding of Engel & Völkers Capital Services | ||
| 2002 | Approx. 35 new licensees, for example in Italy, Portugal and England - including 4 master licenses | ||
| 2003 | Commencement of cooperation with Christie's Great Estates, a subsidiary of the world's leading fine arts auction company. It includes the exclusive right of representation in Germany, Majorca, Costa del Sol and the Western regions of South Africa.
End of cooperation with Sotheby's. | ||
| 2004 |
| ||
| 2005 | Further expansion within Germany and Europe, first locations in Eastern Europe and South East Asia. | ||
| 2006 | Opening of a branch office in Asia. Engel & Völkers obtains the official permit to expand in the US as a franchise business. |
