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Name of company
ZEITGEIST ASSET MANAGEMENT
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Name of President or Managing Director for CEE region
Peter Noack, Sebastian Junghänel
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Profile of President or Managing Director of CEE Region
Peter Noack, Co-Founder and CEO. Prior to ZEITGEIST Peter worked in institutional real estate in Germany, Central Eastern Europe and Turkey for HOCHTIEF Development and Rödl & Partner in Germany and Czech Republic. He is registered as licensed attorney at law in Germany and Czech Republic.
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Regions active in
Czech Republic, Germany, Poland, Hungary and Italy
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Portfolio of all properties currently held by company
Office, Prague:
Palac Dunaj Taborska PRS (incl. Under Development - UD) Prague: Na Zderaze 10 Na Struze 5 Úvoz 26 Na Švihance 2 Křižíkova 125 Karolíny Světlé 299/12 - UD; end: Q1 2025 Mlynářská 1361 Musílkova 7 Máchova 1160/6 Myslíkova 8 Vítové 4 (Barrandov) Svornosti 27 Jeronymova 10 Kotevní 3 U Půjčovny 2 Hagibor Opletalova 41 Krakovská 2 Seifertova 570/55 Holandská 36 Na Šachtě 572/5 U Průhonu 56 Gdansk: Czyzewskiego Krakow: Koszykarska 33, Raclawicka 58 - Koszykarska 33, Raclawicka 58 - UD |
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Value of the projects currently held by company (in EUR)
1200000000
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Number of units currently owned
45
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Number of units currently rented out
40
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Properties sold between July 2023 and June 2024
ZEITGEIST is a long-term owner, built to rent. We are not a PRS developer, we are asset manager.
Notice (!) in the form field for portfolio there was not enough space to list ALL ZEITGEIST PROPERTIES. Below, we're adding the WARSAW portfolio: Warsaw: Wrzesinska 2 (townhouse) and Wrzesińska 2a - completed Dluga – Project in preparation for redevelopment into Built to Rent Barbary 2a - as above Nowogrodzka 45 (Office) - in preparation Barbary 6/8 – 1st stage completed; End of Project Q4 2024 |
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Value of the properties sold between July 2022 and June 2023 (in EUR)
0
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Size of the properties sold between July 2023 and June 2024
not applicable
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The largest purchase transactions between July 2023 and June 2024
not applicable
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Future plans
1. Development and revitalization of a historical quarter (1 ha) in the very centre of Warsaw, between Nowogrodzka, Poznańska and Św. Barbary streets. The earliest to be renovated is the historic Telephone and Telegraph Building at 45 Nowogrodzka Street.
2. A new green-field project is currently under construction. The development at 33 Raclawicka St. in Cracow will be a mixed-use facility, offering two sections: with ca. 300 serviced apartments and ca. 300 student beds. Completion in 2025. |
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Why the company deserves the award
Our greatest pride and achievement is the completion of the revitalization of Palác Dunaj in Q2 2024. It is the largest and most historically valuable building recently handed over by Zeitgeist. After the renovation, this 1930s Prague constructivist building provides premium office space with a total area of more than 6,700 sqm, as well as 2,000 sqm dedicated to retail units and services. In Poland, this has been a record year for us in terms of the number of properties handed over. We recently completed the first stage of the PRS project Wrzesińska - Home by Zeitgeist in Warsaw (finalization in October this year). Among the new Home by Zeitgeist (long-term letting) developments, the most noteworthy is our latest project - a historical modernist townhouse in the heart of Warsaw, at 6/8 Barbary St. Higher-standard apartments have been prepared here. A flagship example of 2024 in the area of student housing is the dormitory in Warsaw's Solec district, which we put into operation this Q2.
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Company website
zeitgeist.re
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