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ZEITGEIST Asset Management

CATEGORY
Investor of the Year, CEE
In mid 2022, Zeitgeist invested more than €1 billion in the development of a 27Ha site in Berlin-Lichtenberg. The construction project is one of the largest in Berlin. Now that planning permission has been granted, it can get underway. Zeitgeist launched an extensive public participation process to redevelop the 27-hectare neighborhood in Berlin with 3,500 flats. Zeitgeist has big plans for the Lichtenberg district. In mid 2023, Zeitgeist was exclusively mandated by Karl Group to manage and further develop another area with 200,000 sqm of commercial space near the site of 27Ha. The client is a subsidiary of the Karl Group. The total value of the projects is around €2 billion.
Name of company
ZEITGEIST Asset Management
Name of President or Managing Director for the region
Peter Noack, Co-Founder and Managing Director, Sebastian Junghänel, Co-Founder and Managing Director
Profile of President or Managing Director for the region
Prior to ZEITGEIST, Peter worked in institutional real estate in Germany, CEE and Turkey for HOCHTIEF Development and Rödl & Partner in Germany and Czech Republic. He is registered as licenced attorney at law in Germany and Czech Republic and holds a Law degree from Goethe University in Frankfurt.
Description of company and team
ZZEITGEIST Asset Management is a real estate asset management company. It focuses its activities on sustainable and ESG-compliant value creation. Since 2014, it has been investing in key asset classes for private and institutional investors across Europe. It currently manages 47 active projects in five countries, with a total value of €1 B under asset management and a total area of land of 400,000 sqm. In terms of real estate development, ZEITGEIST focuses on three areas: Living, Working and Revitalization. In order to strengthen its position as an operator, the company is developing its own brand HOME by Zeitgeist (long-term rental flats). A part of the organization structure is also ZEITRAUM, an operator for student houses and serviced flats as well as ZEITSTROM, which focuses on smart energy solutions. In addition, ZEITGEIST shareholders have invested in the timber modules construction company TIMPLA.
Office projects included in the portfolio
Palac Dunaj in Prague is being modernized to become a contemporary commercial building with the spirit of the 1920’s. It offers generous office space on the upper floors. The Palace is an A-class building, with certifications of LEED & WELL. https://vimeo.com/472779262/21f66a4c60
The value of office properties held by investor
65000000
Retail projects included in the portfolio
1
The value of retail properties held by investor
28000000
Warehouse projects included in the portfolio
0
The value of warehouse properties held by investor
PRS projects included in the portfolio
Residential living: 16 residences in Prague with ca. 500 apartments; 4 res. in Gdansk with ca. 200 apartments; Student housing: 5 student houses in Prague with 490 beds, 2 student houses in Cracow with 816 beds, 1 student house in Warsaw with 222 beds; Serviced apartments: 2 res. in Prague
The value of PRS properties held by investor
1000000000
Why the company should be considered for the award
Since 2014, we have been investing in key real estate asset classes for private and institutional investors across Europe. Currently: 47 active projects in 5 countries (Czech Republic, Poland, Hungary, Germany, Italy), 1 B EUR AUM, 3 B total investment cost; 400 000 sqm land.
Future plans
Expanding the current portfolio and developing further with our projects in an ESG-conform manner. We optimize the economic, environmental and social impact of our projects and look for solutions that are both innovative and sustainable.
Company website
zeitgeist.re