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ZEITGEIST Asset Management

CATEGORY
Investor 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 the region
Peter Noack, Co-Founder, CEO
Profile of President or Managing Director for the 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.
Description of company and team
ZEITGEIST Asset Management is a real estate asset manager with a focus on sustainable and ESG conform value creation. Since 2014, it has been investing in key real estate asset classes for private and institutional investors across Europe. It currently operates 60 projects in five countries, with a total area of 480,000 sqm and 1,2 B € AUM. In terms of real estate development, ZEITGEIST focuses on three areas: Living, Working and Revitalizing.
Office projects included in the portfolio
Prague: Palac Dunaj, Taborska. Soon to be started: Warsaw: A quarter of buildings (1 ha) between Nowogrodzka, Poznańska and Św. Barbary str., including offices. In particular the office building at Nowogrodzka 45.
The value of office properties held by investor
Retail projects included in the portfolio
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The value of retail properties held by investor
Warehouse projects included in the portfolio
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The value of warehouse properties held by investor
PRS projects included in the portfolio
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
The value of PRS properties held by investor
The largest purchase transactions within the timeframe specified by the organizer
ZEITGEIST holds and manages the purchased properties
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, lau
Company website
https://www.zeitgeist.re