ZEITGEIST Asset Management’s Post

Breaking news! The historic Palác Dunaj has been awarded first place in the Best of Realty competition in the "Reconstructed Offices" category 🎉   This prestigious distinction confirms that the reconstruction successfully combined the high standards of modern offices with respect for the original constructivist architecture of the Palace.   'Combining history with modern technology was a challenge, but it was definitely worth it. The proof is in the award in such a prestigious competition and the enthusiastic feedback from our tenants,' says Peter Noack. 'At Palác Dunaj we have retained the distinctive beige travertine cladding that gives the building its unique look, as well as the central atrium with its original paternoster and terrazzo floor. An extension with a sloping terrace is a new addition that blends in with the building and its surroundings. State-of-the-art technology was used to ensure efficient heating, cooling and a constant supply of fresh air'. - Michal Nečas adds.   The nominations were decided by a twelve-member jury of experts from the Association for Real Estate Market Development (ARTN), members of professional associations, banks, urban planners, architects, market analysts and estate agents in the region. The award was accepted by Zeitgeist representatives: Peter Noack (Co-Founder and CEO) and Jaromír Zahrada (Asset Manager) from Best of Realty jury member Lenka Šindelářová (Head of Research & Consultancy at Knight Frank) and Petr Šimůnek, editor-in-chief of Forbes magazine, the competition's media partner.   Palác Dunaj is located on the corner of Národní and Voršilská streets in the cultural centre of Prague, close to the National Theatre, Slavie Café and the Academy of Sciences of the Czech Republic. Zeitgeist Asset Management bought the original 100-year-old building in 2017 for a German pension fund, with the aim of modernising it while preserving its historical value. The newly renovated palace was opened in November last year. It offers a total of 6,700 sqm of prime office space and 2,000 sqm of retail and commercial space.   Tenants include the National Representation of the European Commission and the Office of the European Parliament with an interactive centre, the European Investment Bank (EIB), the Czech Bar Association and the law firm CMS. #Award #FirstPlace #ReconstructedOffices #Prague #Offices

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