Real estate appointment

David Scheffler is new managing director at Engel & Völkers Luxembourg

Left to right: Raymond Klein, Philipp Niemann, Matthias May and David Scheffler Engel & Völkers

Left to right: Raymond Klein, Philipp Niemann, Matthias May and David Scheffler Engel & Völkers

Real estate company Engel & Völkers has announced that David Scheffler has been chosen to replace Philipp Niemann as the managing director of the group in Luxembourg.

Scheffler will retain his position as CEO of Engel & Völkers France, Belgium and the Netherlands. Together with Luxembourg, those countries will form an extended group within the Engel & Völkers network, the company said in a statement on Monday. “We expect that the merger of the four countries will optimise resources, increase cross-selling activities and create new opportunities for further expansion,” the statement read. “French customers are already the second largest group of foreign buyers in Luxembourg, at 18 percent.”

Scheffler joins Matthias May and Raymond Klein as the new management team at Engel & Völkers in Luxembourg. May is the managing director of Engel & Völkers Luxembourg Real Estate Brokerage and head of new developments, while Klein is the head of resales and rentals.

"We are pleased to have the new, strong partner at our side and hope for new cooperations and expanded business opportunities in the neighbouring regions," said Mattias May about the new managing director from Paris.

Niemann will continue to manage Vienna and Hamburg within the Engel & Völkers network.