Zeitraum opens second building with serviced apartments in Prague

13
Jun
2022
News - Zeitraum opens second building with serviced apartments in Prague #Czech Republic #Prague #residential #serviced #Zeitraum

by Property Forum | Residential

The second full-service apartment building with fully furnished apartments is being opened in Prague for short- and long-term living by Zeitraum, a leading operator of serviced apartments in Central-Eastern Europe.


The newly opened "Karl by Zeitraum" is located on Krakovská Street, just a few minutes walk from Wenceslas and Charles Square. There are 32 apartments with fully furnished interiors, including kitchens, available for different types of lengths of stay. There are both smaller units reminiscent of studio apartments and spacious three-room apartments of around 75 sqm with a separate bedroom. Bookings for short-term accommodation and long-term rentals are made through the online booking system. The service provided includes, among other things, general maintenance of the apartments and ongoing cleaning on request.

"Approximately half of all apartments are for short-term accommodation. According to our experience, they are most often used by people who come to the capital as tourists and spend an average of 4 days there. Another 50% are residents and guests on long-term stays of several months or years. Three-room apartments will be a new feature in Krakovská. Based on the current demand, we have decided to expand our offer for long-term rentals. In developing our concept of serviced apartments for long-term rentals, we can also draw on the experience of our sister brand ´Home by Zeitgeist´, which provides rental housing in Poland and the Czech Republic, and in Prague, its portfolio currently includes 16 residential buildings in renovated houses and new buildings in various locations," says Zdena Noack, Managing Director at Zeitraum.

Zeitraum opened its first apartment building with 53 flats in Prague during the pandemic in 2021 in the "Franz by Zeitraum" building in Opletalova Street.




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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