Zeitgeist enters Italy
We are proud to say we have recently established Zeitgeist Asset Management Italia, with the aim of investing in real estate assets in the country with both the funds of German institutional investors and with other clients’ funds.
We are proud to say we have recently established Zeitgeist Asset Management Italia, with the aim of investing in real estate assets in the country with both the funds of German institutional investors and with other clients’ funds interested in investing in Italian real estate. In fact, Zeitgeist has among its clients one of the main German pension funds, with asset investments around 5 billion Euros.
The focus of the company - which aims to invest up to 500 million in Italy - is residential buildings, including social housing buildings, mainly in the cities of central and northern Italy, in addition to office premises and urban development.
Zeitgeist has already closed the first transaction in Italy, with the signing of the agreement for the purchase of an office building in Rome, located in the Colli Aniene quarter, which underwent a complete renovation in 2019 and is currently leased to a large company leader in Italy in providing companies with integrated cloud and optical fiber solutions. Zeitgeist participated in the operation with the aim of keeping the asset in its portfolio, enhancing it with ESG solutions such as the placing solar panels for the production of renewable energy and the installation of charging stations for electric cars.
Zeitgeist Asset Management Italia is the result of the joint venture between Zeitgeist Asset Management and entrepreneurs Filippo Bianchini-Scudellari and Sebastiano Canessa, with over 20 years of solid professional experience in real estate.
"After twenty years of experience in real estate, we have developed this project with the desire to become the Italian channel for German institutional investors." explains Filippo Bianchini-Scudellari, co-founder and CEO of Zeitgeist Asset Management Italia. “Our goal for 2022 is to close 5 deals and then further consolidate in the next few years and continue investing in the Italian market".
Zeitgeist Asset Management, founded in Prague in 2014, develops and manages real estate assets for private and institutional investors in Germany, Central and Eastern Europe and Italy. It is present in five countries (Czech Republic, Germany, Poland, Hungary and Italy) where it operates through its offices in Prague, Berlin, Warsaw, Budapest and Milan. The sectors in which it operates are residential (with over 700 apartments under management), student residences (managed over 1,000 beds) and offices, as well as urban development and energy solutions. The company manages over 45 real estate projects for a total area of over 200 thousand square meters and has assets under management for a value of over 800 million Euros.Back to the list