Engel & Völkers SA set to expand into Africa

CAPE TOWN (December 04) - Engel & Völkers SA has acquired the license partner agreements for South Africa’s neighbouring countries, according to a company press release.

The agreement struck at the group’s international office in Hamburg, Germany, includes it being granted licences agreements covering Namibia, Botswana, Zambia and Mozambique, according to Niël Cronje, CEO of Engel & Völkers South Africa, at the announcement in Cape Town today.

Cronje says. “We’re extremely excited about the growth and development in these countries, and are optimistic for the future of other countries in the region as well.”

The announcement comes after the rapid growth path enjoyed by Cronje, the brand’s master license holder for the majority of South Africa. “We have an average turnover per office of R8,8million per month, which goes to show that we’re focused on a particular niche of the market, and that we’re servicing it successfully.”

Cronje says with branches across South Africa, focusing on mainstream residential markets, agricultural property and new developments, the company’s system offers its agents and clients a methodical approach to the business of real estate.

“One of the keys to our success across the world is our internationality – the Engel & Völkers website is centrally run from Hamburg, so buyers and sellers from across the planet can view properties anywhere in the world. .

Another spike to the company’s marketing range is its publications – the GG from Germany, and the South African LG (Local Guide) – enjoying international exposure.

A concentration for Cronje is to deliver substantial value to the real estate markets in neighbouring countries. “This carefully considered decision is also about investing in empowerment – we’re going to be equipping local real estate professionals in these countries with some of the best property tools in the world, enabling them to pass on a legacy of success.

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