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ZEITGEIST Asset Management

CATEGORY
PRS Leader of the Year, CEE
ZEITGEIST has built up the first residential rental portfolio owned by an institutional investor in Central and Eastern Europe, comprising around 1,000 apartments and still growing. Over the past 12 months, we have completed two PRS projects located in historic buildings: Św. Barbary 6/8 and Wrzesińska 2 in Warsaw and Karoliny Svetle 12–14 in Prague. These projects have further developed the HOME by Zeitgeist offering, which operates long-term apartment rentals. This autumn, our subsidiary ZEITRAUM reached an important milestone with the opening of ZEITRAUM Racławicka in Krakow. This flagship mixed-use development, located in a prime part of the city, offers 289 beds for students and 182 fully equipped serviced apartments. In total, ZEITRAUM now operates seven student dormitories in Prague, Warsaw and Krakow, providing over 1,200 beds for students, as well as a network of 300 serviced short-term rental apartments across Prague, Pilsen and Krakow.
Name of company
ZEITGEIST Asset Management
Name of President or Managing Director for CEE region
Peter Noack, Co-Founder and CEO
Profile of President or Managing Director of CEE Region
Co-Founder and Managing Director, registered as licensed attorney at law and holds a Law degree from Goethe University . Prior to ZEITGEIST, Peter Noack worked in institutional real estate in Germany, CEE and Turkey for HOCHTIEF Development and Rödl & Partner in Germany and Czech Republic.
Regions active in
Czech Republic, Poland, Germany, Italy, Hungary
Portfolio of all properties currently held by company
LONG-TERM RENTAL:
-16 residences in Prague, 500 apartments
-3 residences in Warsaw, 200 units
-4 in Gdańsk, 200 apartments
 
STUDENT HOUSING AND SERVICED APARTEMNTS:
-7 dormitories - Prague, Warsaw, Krakow; 1,200 beds
-300 serviced short-term rental apartments - Prague, Pilsen and Krakow
 
LAND DEVELOPMENT PLOTS >500,000 sqm with mixed-use:
-„27 Hektar Möglichkeiten” project in Berlin Lichtenberg 
-Bennostrasse in Alt-Hohenschönhausen in Berlin
-Liget City in Budapest
Value of the projects currently held by company (in EUR)
1200000000
Number of units currently owned
900
Number of units currently rented out
855
Properties sold within the timeframe specified by the organizer
In 2025: 7 residential buildings [sold on the behalf of the seller, however the buyer kept all the buildings under our asset management]
Value of the properties sold within the timeframe specified by the organizer (in EUR)
50000000
Size of the properties sold within the timeframe specified by the organizer
The largest purchase transactions within the timeframe specified by the organizer
-
Future plans
I) Development and revitalization of a historical quarter (1 ha) in the very centre of Warsaw, between Nowogrodzka, Poznańska and Św. Barbary streets, including the renovation of the historic Telephone and Telegraph Building at 45 Nowogrodzka St. II) “27 Hektar Möglichkeiten” project in Berlin: on 27 hectares in the Lichtenberg district, Zeitgeist is shaping a model “15-minute city” that brings work, housing, shopping, and leisure together in close proximity.
Company website
https://www.zeitgeist.re