Zeitgeist expands partnership with REICO for new residential project in Prague’s Britská čtvrť

Zeitgeist Asset Management is strengthening its collaboration with REICO Nemovitostní, the real estate fund managed by REICO Erste Asset Management, by taking over the complete management of another residential rental project. The latest cooperation involves two newly constructed apartment buildings in the Britská čtvrť neighborhood of Prague’s Stodůlky district, currently being developed by FINEP. Zeitgeist will oversee project management, leasing, and ongoing property management, with construction already underway and completion anticipated in the third quarter of 2027.

Peter Noack, co-founder and CEO of Zeitgeist Asset Management, expressed enthusiasm for the ongoing partnership, emphasizing that the Britská čtvrť project underscores the significant role of rental housing in sustainable urban development. “We are delighted that REICO is continuing to build its rental portfolio with us. The project in the British Quarter is proof that rental housing has a firm place in long-term sustainable urban development. Our task is to ensure that the entire process runs smoothly and with an emphasis on quality: from project management and lease setup to day-to-day operations,” Noack said. He noted that the cooperation builds on Zeitgeist’s recent involvement in the Residence Opatov project in Prague 4.

Designed by the A69 architectural studio, the Britská čtvrť development is situated adjacent to the Stodůlky metro station and is part of the extensive Západní Město urban development initiative that FINEP has been pursuing since 2007. The rental housing project comprises two buildings, four and six stories high, featuring a total of 219 apartments ranging from one-room to five-room layouts. The basement levels will provide 207 parking spaces and 112 storage rooms, with some apartments offered fully equipped for future tenants.

Michal Nečas, managing director of Zeitgeist Asset Management, highlighted the strategic appeal of the development. “The British Quarter has long been a prime example of functional urban planning, offering not only high-quality residential development, but also public spaces, shops, services, and excellent transport links. It is these parameters that make the project an attractive choice for a wide range of potential tenants,” he said.