What Lacombe Real Estate does

Lacombe Immobilier SAS is a privately held, full-service real estate agency headquartered at 15 Passage Lonjon in Montpellier, France, operating under the legal name JACQUES LACOMBE SA (share capital €711,200) and incorporated in 1992 by Jacques Lacombe, who had been operating as a property administrator (administrateur de biens) for over 30 years on Montpellier Métropole. The firm is family-controlled, with Jacques Lacombe and François Lacombe as principal shareholders, and employs 14 collaborators structured into two operating departments: a syndic de copropriété division with three principals (plus assistants) and a rental management division with one principal (plus assistants).

The company's product portfolio spans four service lines: Syndic de copropriété (condominium syndicate management, representing 70% of revenue) covering 5,000+ lots across several dozen co-ownerships; Gestion locative (rental management, 30% of revenue) at a fee of 8.40% TTC on collected rents; Location immobilière (rental brokerage, ~200 placements per year); and Transaction immobilière (property sales brokerage), which is described as 'in course of creation.' The client base consists of copropriétés, propriétaires bailleurs (landlords), locataires (tenants) including a student housing focus around Montpellier universities, and acheteurs/vendeurs (buyers/sellers) — all operating within Montpellier Métropole and adjacent communes (Mauguio, Juvignac).

The business model combines recurring subscription revenue from syndic mandates (the largest and most predictable stream) with transaction-based fees from rentals and sales. Go-to-market is sales-led, anchored in the physical Montpellier office near Place de la Comédie, supplemented by a website (lacombe-immobilier.fr), Facebook presence, listings on property portals, and a third-party client portal (laco.monespaceclient.immo). The technology stack is described as standard property management software without proprietary AI/ML capabilities. Regulatory positioning is supported by Carte professionnelle n°3402 2016 000 012 421 (CCI Montpellier), GALIAN financial guarantees (€4M syndic, €760K gestion, €120K transaction), VAT FR69383753456, and affiliation with UNIS. The firm has no subsidiaries, no external funding, and no M&A history, operating as a stable, debt-free regional operator.

Name

Lacombe Real Estate

Legal name

LACOMBE IMMOBILIER SAS

Website

https://www.lacombe-immobilier.fr

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

Lacombe Immobilier is a family-controlled Montpellier-based French real estate agency (founded 1992, 14 employees) providing condominium management for 5,000+ lots, rental management (~200 placements/year), and brokerage services to private owners, condo associations, and tenants across Montpellier Métropole.

Ownership category

akta.pro rank

Product category

Real Estate Services

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Brokerage (BPAJABAD)

Keywords

• Property syndicate management
• Rental property management
• Residential leasing brokerage
• Condominium association services
• Property transaction brokerage

Headquarters

HQ city

Montpellier

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Syndic de Copropriété (Syndicate Management): Property syndicate management services for condo associations. This is the primary revenue stream representing 70% of company revenue. They manage over 5000 lots across multiple properties.
2. Gestion Locative (Rental Management): Full-service rental property management including tenant placement, lease administration, rent collection, maintenance coordination, and financial reporting. Represents 30% of company revenue.
3. Location (Rental Brokerage): Rental property listings and placement services for tenants seeking apartments, studios, and houses in Montpellier metropolitan area.
4. Transaction Immobilière (Property Sales): Property buying and selling brokerage services. Transaction pole is noted as 'in course of creation'.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Lacombe Immobilier is a full-service real estate agency operating in Montpellier Métropole, providing condominium syndicate management (Syndic de copropriété) covering 5,000+ lots across dozens of co-ownerships, rental property management (Gestion locative) including tenant placement, lease administration, rent collection, and maintenance coordination, rental listing services (Location), and a developing property sales brokerage (Transaction). The company's primary revenue comes from recurring syndic and rental management service fees, with transaction commissions representing a smaller, growing stream.

Product overview

Lacombe Immobilier operates as a multi-service real estate company offering a platform of property management and transaction services. The core offerings include: Syndic de copropriété (condominium management, 70% of business), Gestion locative (rental management, 30% of business), Location immobilière (rental listings and placement), and Transaction immobilière (property sales). The company, established in 1992 with a capital of €711,200, manages over 5000 condominium lots and handles approximately 200 rental placements annually across Montpellier Métropole. A client portal (Mon Espace Client) provides property owners and tenants with online account access.

Differentiator

Problem solved

Functional benefit

Products and services

• Syndic de copropriété (Condominium Syndicate Management) Professional condominium association management service covering 5,000+ lots across dozens of co-ownerships in Montpellier Métropole. Includes budget management, investment control, regulatory compliance, and regular communication with co-owners through a dedicated client portal.
• Gestion locative (Rental Property Management) Full-service rental property management for landlords including tenant relations, lease drafting, property inspections, rent collection, maintenance coordination, and financial reporting for residential and commercial properties. Represents 30% of company revenue.
• Transaction immobilière (Property Sales Brokerage) Real estate buying and selling transaction service for residential and commercial properties. Listings are advertised across multiple channels (website, listing portals). The transaction service is currently in development. Tiered transaction commissions apply: 4,500€ up to 50,000€, then 10% down to 5% TTC above 500,000€.
• Location immobilière (Rental Listing and Placement) Rental listing service handling approximately 200 rental placements per year, including student apartments across Montpellier Métropole. Covers viewings, tenant screening, and lease signing. Tenant fees in zone tendue are 10€ TTC/m² (capped at 6.6% TTC of annual rent), plus 3€ TTC/m² shared inventory fees.

Quantifiable outcome

• 5000+ managed lots across dozens of co-ownerships
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• UNIS (Union des Syndicats de l'Immobilier)minorStrategic or Co-development PartnerProfessional real estate organization representing property managers, real estate agents, condo syndics, property traders and experts. Lacombe Immobilier is affiliated with UNIS, a consumer-oriented organization serving property professionals.
• GALIAN (Garantie Financière)coreOthersGALIAN provides financial guarantees required by French law for real estate agencies. Lacombe Immobilier holds: 4,000,000€ syndic guarantee, 760,000€ property management guarantee, 120,000€ transaction guarantee (no fund handling).

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Citya Immobilier: Major French residential property management and real estate agency network offering syndic, gestion locative, and transaction services — directly comparable to Lacombe's full-service model, though at much larger national scale.
• Orpi: Largest French real estate franchise network covering syndic, rental management, and transactions. Comparable to Lacombe as a multi-service agency, with franchise vs. independent ownership distinction.
• Laforêt: French real estate agency network with full-service offerings including syndic and rental management. Comparable as a multi-line French residential real estate intermediary.
• Guy Hoquet l'Immobilier: French real estate franchise offering transactions, rentals, and management. Directly comparable as a multi-service French real estate agency with similar geographic-local presence model.
• Century 21 France: International real estate franchise operating in France with transaction and rental services. Comparable to Lacombe as a sales-led real estate intermediary serving local French markets.
• Square Habitat: Crédit Agricole's real estate arm offering transactions, rentals, syndic and management across France. Comparable as a full-service residential real estate firm with both local office presence and central brand.
• Sergic: French property manager focused on syndic, gestion locative, and transactions. Comparable to Lacombe as an independent-style multi-service real estate firm operating regionally in France.
• Lamy (SeLoger/Lamy network): French real estate network offering syndic, location, and transaction services. Comparable to Lacombe as a multi-service French residential real estate intermediary with similar offerings.

Broad incumbents

• Foncia (Emeria): Largest French residential property manager (now part of Emeria), offering syndic, gestion, and transaction at national scale. Comparable as the dominant incumbent in Lacombe's core syndic and rental management categories.
• Nexity: Major French real estate group with property management, transactions, and development activities. Comparable as a broad incumbent operating across all of Lacombe's service lines, though at much larger national scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/lacombe.immobilier.montpellier
• LinkedInlinkedin.com/company/lacombe-immobilier

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lacombe Real Estate