DWF advised on the full legal scope of the project which will operate under the name Home by Zeitgeist. Advisory on the transaction covered due diligence of plots, legal structuring of the project, negotiations of transaction documents (including set of security instruments) as well as signing and closing of the deal. The transaction was structured as a forward purchase with forward funding and the project was recently successfully handed over to Zeitgeist Asset Management. The transaction was led by Weronika Roesler (Counsel in the Real Estate Department) while Joanna Wojnarowska (Partner and Head of the Real Estate Department) provided strategic advice on the project.
Zeitgeist Asset Management, founded in 2014, is a Real Estate Developer and Asset Manager for private and institutional investors and acquires, develops, finances, manages and exits properties for investors in various sectors in Germany and Central Eastern Europe. Zeitgeist Asset Management portfolio includes/represents 251 mln Euro equity invested and 515 mln Euro assets under management, 462,920 sqm land plots and 338,878 sqm leasable area in various segments in Germany and Central Eastern Europe. Most projects are Value-Add and Development Projects.