Zeitgeist Asset Management, specialising in development services and asset management for private and institutional investors, has completed changes to its ownership structure. As part of this transaction, the Family Office of Co-Founder Sebastian Junghänel sold its stake to Family Office Noack, concluding their long-term business partnership.
Following the transaction, Family Office Noack holds an 85% stake in the company, with the remaining 15% belonging to Rav Sicaf. The new ownership structure will focus on continued investments in key real estate assets across Europe.
"The sale of my stake to Family Office Noack is another natural step that brings clear and long-term ownership structure," says Sebastian Junghänel.
"This ownership change represents a fundamental milestone for us. Thanks to the strengthened capital structure and long-term oriented shareholder base, we are now even better prepared to fulfil our sustainable development strategy and implement high-value projects," adds Peter Noack, founding partner and CEO of Zeitgeist Asset Management.
Zeitgeist has been operating in the market since 2014 and currently manages a portfolio of 67 properties across five countries with a total area of around 340,000 sqm and a value of €1.2 billion. The company focuses on revitalising existing buildings into modern rental residences and office buildings, followed by their rental and professional management.
