ENGEL & VÖLKERS to Open a True Luxury Real Estate Embassy in Montreal…

Having just opened 6 residential property shops throughout Quebec, namely in Old Montreal, Westmount, Outremont, Old Quebec, Bromont and Tremblant; the world luxury giant and real estate ambassador ENGEL & VÖLKERS was already on its way to revolutionize the brokerage of residential and premium real estate projects in Quebec. Strong with these successes, the company continues its spectacular growth in the province with the announcement of a 7th residential property shop to open soon. But the biggest news is that this 7th shop will also host the company’s Quebec headquarters. Engel & Völkers will be moving in the impressive first two floors of the prestigious Port-Royal Building in the Golden Square Mile District of downtown Montreal. Indeed, the new Quebec flagship of the company will symbolically sit at the epicenter of real estate value in Quebec, next to the Montreal Museum of Fine Arts in the heart of the Golden Square Mile. The district has been the most expensive of the entire province for over a century. Not only is the Port-Royal Building one of the highest residential buildings in Canada, but it is above all one of the most prestigious ones. The Board of Directors of the Port-Royal had declined at least ten other acquisition offers from several international brands of various sectors, finding they were not sufficiently high-end for the prestigious Sherbrooke Street building. The sale price has not been disclosed (condominium stock), but it is clearly a transaction worth millions of dollars, not to mention major renovation investments the company intends to make. The two co-owners of Engel & Völkers Montreal / Quebec, Patrice Groleau & Debby Doktorczyk (who also own McGill Immobilier) are proud of this new acquisition which propels their agency at the top of real estate luxury agencies in Quebec. The two owners of Engel & Völkers Montreal / Quebec have a long-term vision for their company in the province, which explains why they prefer to acquire buildings housing their shops rather than leasing them. It will be interesting to watch whether the company will decide to add the premium yachts and aircrafts segment under its new premises. The division specializes in the purchase, sale and leasehold of private jets and aircrafts as well as exclusive motor and sailing yachts. Engel & Völkers is the only independently owned international real estate agency which is not American. Founded in Germany, Engel & Völkers has been a world luxury giant since 1977, with approximately 8,000 selected specialized brokers operating within a strong worldwide network of over 800 residential property shops located in the largest strategic cities throughout the world. The brand intends to be the ambassador of Montreal and Quebec’s real estate all over the world and to convey why an increasing number of international investors and people are attracted by the quality of life and decide to make it their home. The company is convinced it will even have a positive impact on tourism! It is a privilege to see Montreal and Quebec get the international recognition they deserve. A tour of the spectacular office space is to be expected. Be prepared to be amazed! The mock-ups are simply stunning… German design in its purest expression!



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