Zeitgeist purchased a student house in Krakow. Students from September 2021.
We are happy to announce that Zeitgeist Asset Management has signed a contract for the purchase of a building intended for a student residence at Koszykarska 33 in Cracow. The real estate operator is Zeitraum - a daughter company of Zeitgeist Asset Management. Students are welcome already in September 2021.
Zeitgeist Asset Management, a company managing assets for private and institutional investors, has signed a contract for the purchase of a building intended for a student residence at Koszykarska 33 in Cracow. The dormitory has 345 beds in 157 rooms, fully equipped kitchens, laundries and infrastructure for learning and relaxing. The real estate operator is Zeitraum - a daughter company of Zeitgeist Asset Management.
The building will soon undergo rebranding and the necessary adaptation works will be carried out in terms of adapting it to the Zeitraum standards, known from the Czech market. Students will live in the dormitory as early as September this year.
“Through this transaction, we implement our strategy of building a portfolio of private student dormitories in order to soon become the leader of this category in Poland”, says Peter Noack, CEO of Zeitgeist Asset Management. After Krakow, time will come form Warsaw. In the fall of next year, the currently renovated, ultra-modern student house in Warsaw's Solec district will also be added to the portfolio of facilities under the Zeitgeist Student Housing brand.
Zeitraum - a daughter company of Zeitgeist Asset Management - is the second largest professional dormitory operator in the Czech Republic. It has been operating on the market for five years and currently manages 460 places in dormitories and 156 beds in serviced apartments. The rental takes place via the innovative, automated platform zeitraum.re, which handles the entire booking process.
“The building we took over is ready for use and requires only minor changes to accommodate tenants from September and bring it into line with Zeitraum standards. Students will be able to easily and flexibly conclude lease contracts for 11 or 12 months via our zeitraum.re platform” - says Zdena Noack, Managing Director of Zeitraum Student Housing.Back to the list