Act BSWW has advised Zeitgeist Asset Management on its acquisition of an office building in Warsaw.
The building provides office leasable area on seven floors, with approximately 4000 square meters of general leasing area.
According to Act BSWW, “Zeitgeist Asset Management has vast experience on the Polish commercial real estate market, [and] last year they purchased real estate on Dluga St. for over 50 million Polish zlotys for the purpose of developing a luxurious apartment building.”
Peter Noack, the Co-founder and Managing Director of Zeitgeist Asset Management, commented: “We are very pleased that we, in cooperation with the act BSWW lawyers, managed to acquire an office building in an attractive location in the center of Warsaw. In the future we would like to create high-quality, affordable student housing, thus expanding the existing offer, which has long been insufficient in the Polish capital.”
Act BSWW’s team was led by Managing Partner Marek Wojnar.
Act BSWW was not authorized to provide information on the seller.