Engel & Volkers (Germany) Announces Purchase of California Master Franchise
29 Apr 2019 - Engel & Völkers Americas today announced it has acquired the brand's California master franchise rights, inclusive of 26 real estate shops and more than 500 advisors, from previous owner Mathias Bode.
Mathias has created a strong foundation for Engel & Völkers in key California markets throughout the years,” said Anthony Hitt, president & CEO, Engel & Völkers Americas. “We believe there is significant opportunity for us to further expand our reach in California due in large part to the momentum he and our existing license partners and advisors have ignited.”
California was one of the first U.S. states to introduce Engel & Völkers upon the brand’s emergence into the Americas real estate market. With global headquarters in Hamburg, Germany and a full Americas headquarters in Manhattan, each signature real estate shop will now have a direct licensing agreement with the franchise.
Bode will serve as a founding member of the company’s management advisory board.
Engel & Völkers operates a global network of over 11,000 real estate advisors in more than 30 countries.
About Engel & Völkers
Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a bespoke, white-glove concierge client experience at every stage of the home buying or selling process for today’s savvy homeowner. Engel & Völkers currently operates approximately 175 shop locations with more than 3,000 real estate advisors in the Americas, contributing to the brand’s global network of 11,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate, yachting and aviation. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs and platforms; as well as access to its global network of real estate professionals, property listings and market data. Each brokerage is independently owned and operated.