Lakeward Advisory AG has formed a joint venture with Thallos AG to develop the 'Eco Village', a sustainable residential quarter in Schwäbisch Gmünd that aims to provide around 300 eco-friendly flats and commercial spaces.

Target Information

Thallos AG is a well-established multidisciplinary real estate service provider, founded in 2006 by Werner Braun. Over the years, the company has gained recognition for its expertise in developing residential and office properties primarily in metropolitan areas of southern Germany. Thallos AG focuses on the holistic implementation of real estate projects, covering all aspects from property acquisition to project planning, construction, and final sale. Recently, they have advanced a significant project called 'Eco Village', which aims to provide high-quality living spaces while adhering to sustainable construction practices.

This ambitious residential quarter development, located in Schwäbisch Gmünd, plans to feature approximately 300 flats designed for diverse groups including families, couples, singles, students, and seniors. The project, once completed, will not only offer housing but also incorporate commercial spaces and facilities supporting sustainable living, such as an electrified parking garage for e-mobility.

Industry Overview in Germany

The real estate sector in Germany is experiencing significant growth, particularly in metropolitan areas, driven by a burgeoning population and increasing urbanization. As cities expand, the demand for eco-friendly and affordable housing is more prominent than ever,