ZEITGEIST Asset Management

Thrilled to share that ZEITGEIST Asset Management has made it to the CEEQA Awards 2026 shortlist!

Keep fingers crossed 🤞 for the nominations of:
🔹 BARBARY HOME by Zeitgeist - our latest PRS project, located in a refurbished historical townhouse in the very heart of Warsaw
🔹 Peter Noack - as the Industry Leader of the Year

The winners will be announced at the CEEQA Gala on May 20th at the Wyścigi Racecourse in Warsaw.

We hope you’ll join us at the event—looking forward to connecting and chatting soon!

We are pleased to share that we have completed the changes in the ownership structure of ZEITGEIST Asset Management, s.r.o. As part of the transaction, the Family Office of co‑founder Sebastian Junghänel has sold its shareholding to Family Office Noack, s.r.o., concluding a long‑standing entrepreneurial partnership.

Following the transaction, ownership is held with 85% by Family Office Noack, s.r.o. and 15% by RAV SICAF. This new structure marks the beginning of a stable next phase for ZEITGEIST and is intended to support continued and accelerated investments in key real estate assets across Europe.

Since 2014, ZEITGEIST has managed a portfolio of 67 projects in five countries, totaling approximately 340,000 sqm and €1.2 billion in Assets under Management. In real estate development, the company focuses on three core areas: Living, Working, and Revitalizing.

“I am proud of what we have built together at ZEITGEIST over the past years and of the team we have developed across markets. The sale of my family office’s stake to Family Office Noack is a natural next step and creates a clear, long‑term ownership structure. I am confident that ZEITGEIST is in very good hands and well positioned for its next growth phase,” says Sebastian Junghänel.

“This ownership change is an important step for us. With a strengthened capital structure and a long‑term oriented shareholder base, we are even better positioned to execute our sustainable development strategy and deliver high‑value projects,” states Peter Noack, Founding Partner and CEO of ZEITGEIST Asset Management.

In the photo:
Peter Noack, Founding Partner and CEO of ZEITGEIST Asset Management
Zdena Noack, CEO of ZEITRAUM

Ending the last year on a creative note, 🔹we took part in the Between Orthodoxy and Creation (Między ortodoksją a kreacją) architectural and conservation conference - 🔹an inspiring event that brought together architects, investors, local activists, artists, and public officials to exchange perspectives on revitalization and heritage.

Tomasz Dabrowski, Managing Director at ZEITGEIST Asset Management, together with Dorota Gołębiewska from Zabytki Kompleksowo, shared 🔹how we prepared the nearly 100-year-old Telecommunications and Telegraph Office for revitalization — uncovering its rich history and architectural value.

Marek Kaszewski, Project Manager at ZEITGEIST Asset Management, presented 🔹our Polish revitalization projects, including our latest initiative — the gallery building at 6/8 Św. Barbary Street in the heart of Warsaw, and a townhouse in Old Praga whose walls still recall the events of the January Uprising. He also discussed the architectural transformation of a student dormitory in Solec, created through the conversion of a 1960s office building.

🔹During the final debate of the first day, Tomasz also offered the investor’s perspective on revitalizing historic buildings in contemporary cities — a demanding process that few companies undertake, yet one that remains vital for preserving urban heritage.

Many thanks to the organizers — Oddział Warszawski SARP, SARP, NIAiU, and Trygon Agency — for bringing together the people shaping the future of architecture and conservation.