May 27, 2023
Buying and selling investment-grade Commercial Real Estate (CRE) is a complex legacy business where things have been done the same way for centuries: personal relationships. Then, over the last 3 decades, software technology disrupted the process with wide adoption of digital spreadsheets (early '90s) and online CRE marketplaces (around year 2000), providing a new inflow of opportunities. However, despite the long-proven business model, CRE marketplaces never thrived outside the United States.
In Europe or Asia Pacific, there is no unified set of rules, nor a common language and, interestingly enough, confidentiality is still considered a very important value for a deal, no matter how big. So there are no comprehensive platforms, but just local versions with limited adoption and functionalities. The result is that the majority of CRE buyers or sellers worldwide still relies on relationships and spreadsheets to find a match, producing inefficiencies and siloes that it's time to solve.
Technology. The availability of Artificial Intelligence provides to any enterprise a level of computational power unimaginable just a few months ago. It's now possible to leverage AI/ML algorithms at scale and with low costs. LombardGPT analyzes thousands of websites using Large Language Models (LLMs) and is able to match CRE sellers and buyers across any asset class and global markets.
Team. We are a group of passionate individuals based in Asia driven by a sharp focus on real estate digitalization. We are equipped with diversity, expertise, and a humble grit to push our vision. We are challenging the most traditional and hard-to-evolve of all industries. We understand that the process will be long, but we know that time for change is arrived.
Our pre-seed investor, Antler Japan, is very supportive and we are grateful to them. We are also grateful to our pilot customers, including Sumisho Tatemono (Japan), Largo Corporation (Japan) and Lubke Kelber (Germany). For early access to LombardGPT join our waitlist, while if you want to speak with us, drop us a line.
Your team is going to love our products.