Invesco and Zeitgeist take next step with resi project in Prague

29
Jul
2024
News - Invesco and Zeitgeist take next step with resi project in Prague #Czech Republic #Prague #residential #Zeitgeist Asset Management

by Property Forum | Residential

Zeitgeist Asset Management has launched renting apartments and studios in the newly completed Delta Hagibor Residence on the border of Vinohrady, Strašnice and Žižkov in Prague. Invesco Real Estate owns the project and Zeitgeist has been given the mandate for its complete leasing and management.


The Delta Hagibor residence is part of the emerging Hagibor urban district near the Želivského metro station and a five-minute walk from the Atrium Flora shopping centre. The building uses a sustainable solution and aspires to a Very Good BREEAM certificate. The development consists of three interconnected buildings with 145 apartments and 19 studios served by a common reception. It is possible to rent 150 parking spaces and basement units, there are five charging stations for electric cars in the basement.

Michal Nečas, Managing Director at Zeitgeist Asset Management, explains: "We plan to furnish approximately two-thirds of the apartments. There will also be a mobile application for tenants, allowing entry to the buildings using a mobile device, facilitating communication between the tenant and the administrator, and providing information on e.g. energy consumption, invoice payment, etc. The first apartments will be available for moving in in October this year."  

The largest apartments with a view of the Prague panoramas are located on the two highest floors of the "A" tower, with 11 floors. There are three 115 sqm units on each floor. The apartments are also equipped with spacious balconies of around 40 sqm.

Zeitgeist Asset Management deals with development activities and real estate management for private and institutional investors. It currently manages assets worth €1 billion and operates in the Czech Republic, Poland, Hungary, Germany and Italy.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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