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Engel & Völkers opens 700th location worldwide

Thursday, December 10th, 2015 at 10:00am Engel Völkers

New residential property shop in San Francisco: Engel & Völkers continues to expand

HAMBURG, GERMANY (December 10, 2015) - The opening of a new residential property shop in the Californian city of San Francisco brings the total number of Engel & Völkers locations to 700 worldwide. “We are delighted about the large international presence of the Engel & Völkers brand and will continue to focus on our strong growth. The USA and the whole of North America are particularly important markets for us in strategic terms”, explains Sven Odia, CEO of Engel & Völkers AG. The new residential property shop is located in The Castro, a district that has many of the Victorian houses that typify San Francisco. From there, the 30-strong team sell residential property across the whole urban area.

High prices in the San Francisco property market

With more than 800,000 inhabitants, San Francisco is the fourth largest city in the US state of California. Situated on steep hills and surrounded by sea on three sides, this cosmopolitan city has an impressive number of luxury boutiques, museums, galleries, top class restaurants and architectural highlights, such as the Golden Gate Bridge. All these features combine to offer a high quality of living. “Property prices in San Francisco are some of the highest in the USA and achieve top rates of up to $1,000 US dollars or more per square foot”, says Anthony Hitt, CEO of Engel & Völkers in North America. This is partly due to its proximity to the global economic powerhouse of Silicon Valley. There have traditionally been a lot of luxury properties in the city districts of Forest Hill and Pacific Heights, where many magnificent buildings were erected at the beginning of the 20th century. These properties are popular with buyers from North American as well as with an international clientele.

Engel & Völkers has been represented in the USA since 2007 and is continuing with a steady expansion of the brand there.

About Engel & Völkers:

Engel & Völkers is one of the world’s leading service companies specialised in the sale and rental of premium residential property, commercial real estate, yachts and aircrafts. With its licence system, Engel & Völkers is the only Germany-based firm to rank amongst the top 100 franchise companies in the world.* Based in over 700 locations in total, Engel & Völkers offers both private and institutional clients a professionally tailored range of services. Leasing, sales, consultancy and valuations form the core competences of the staff of more than 7,000 employees. The company is currently operating in 36 countries on four continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the company’s success. In 2014, Engel & Völkers was named “Top National Employer” by the German news magazine “Focus”. In the same year, the company achieved the top position in the broker ranking lists published by both the German Customer Institute (DKI) and the financial magazine “Euro am Sonntag”. Moreover, Engel & Völkers is the winner in the category “Best Company Brand” at the “Marken Awards der Immobilienbranche 2014” (“Property Industry Brand Awards 2014”) hosted by ImmobilienScout24. In 2015, Engel & Völkers was named “Top National Employer” for the second time in a row by the German news magazine “Focus”

* Source: Franchise Direct “Top 100 Global Franchises Ranking 2011”

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For more information please contact:

Princess Bettina Wittgenstein
Head of Global Corporate Communication
Stadthausbrücke 5
20355 Hamburg
Phone: +49 40-36 13 11 20
Fax: +49 40-36 13 12 35

Charles Kim
Engel & Völkers North America
Director of Communications
430 Park Avenue, 11th Floor
New York, NY 10022
212-234-3100 ext. 9809

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