Zeitgeist starts the renovation of tenement houses at ul. St. Barbara in Warsaw
16:10
Zeitgeist Asset Management, a company specializing in development services and asset management for private and institutional investors, will begin the renovation works on the tenement house at ul. St. Barbara 6/8. The building is part of a real estate complex in the very center of the capital, which the company bought from Orange in 2019. The restored tenement house will be used for apartments for rent and commercial premises.
"We are investing in old real estate to give them a new life. Due to the location of the buildings in the heart of Warsaw, the offer of apartments for rent at St. Barbara Street will be directed to people who appreciate a good standard in a great location, both in terms of living and proximity to many important points in the city. Of the planned 41 apartments, 24 are studios, the rests are two and three-room apartments,” Peter Noack, co-founder and CEO of Zeitgeist Asset Management, said.
A complex of buildings at the intersection of Nowogrodzka and Św. Barbara, with a leasable area of over 48,000 square meters, is a historically significant area of Warsaw. The shape of the former post office building is considered one of the best modernist projects in Poland, hence their revitalization aims to restore the properties to their former glory.
(WBJ)
