Zeitgeist to open dormitory in Warsaw

Prague-based developer and asset manager Zeitgeist Asset Management has acquired, on behalf of a German fund, a ten-floor office building located near the bank of the Vistula river in central Warsaw, which it wants to transform into a student dormitory. The company sees much potential in the student accommodation sector in the Polish capital. The acquired building currently comprises over 4,200 sqm of GLA. After remodeling, it will offer 149 rental units. The dormitory will be operated by Zeitgeist Asset Management’s subsidiary Zeitraum.

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