ZEITGEIST Asset Management completes mixed-use development in Krakow

ZEITGEIST Asset Management has announced that its mixed-use project, ZEITRAUM – Racławicka 58, has received an occupancy permit and BREEAM certification. The development, located in Krakow’s Krowodrza district, combines a private student residence and serviced apartments to help address the city’s housing needs.

The building, which will open this autumn, features two distinct sections. The left wing contains a private student residence with 289 beds, while the right wing offers 182 serviced apartments. The project is operated by ZEITRAUM, a subsidiary of ZEITGEIST Asset Management, which currently manages multiple student residences and apartment buildings in Poland and the Czech Republic.

Peter Noack, co-founder and CEO of ZEITGEIST Asset Management, explained that flexibility was a core design principle for the development. Both sections of the building can be adapted to changing market demands due to a modular layout.

The student residence has been designed to support both academic and recreational needs. It includes single rooms and communal facilities such as a gaming room, relaxation areas, a gym, and spaces for yoga.

The serviced apartment section consists of units designed for both short-term and long-term stays, featuring a cohesive design in neutral tones and modern furnishings. The property also includes underground parking with electric vehicle charging points, bicycle storage, and a central green courtyard.

The building’s architecture was developed to integrate well into the surrounding urban environment, with a U-shaped design and a central courtyard aimed at enhancing circulation and creating shared spaces. Tomasz Dąbrowski, Managing Director of ZEITGEIST Asset Management Polska, noted the building’s emphasis on natural light and good interior acoustics. The project was completed in collaboration with Reesco Hospitality and B2 Studio.

The new development comes amid significant demand for student housing in Krakow, which has over 130,000 students but limited accommodation options in public and private residences. The shortfall leaves a large number of students seeking private rentals or shared housing.

Zdena Noack, Managing Director of ZEITRAUM, highlighted that the Racławicka project was designed to combine privacy with communal spaces, aiming to support both academic focus and social interaction.

ZEITRAUM Racławicka is situated 10 to 20 minutes by public transport from major Krakow universities and is adjacent to the Łobzów train station, which offers a four-minute connection to Kraków Główny train station. The Krowodrza district, where the building is located, offers various amenities including restaurants, cultural venues, parks, sports facilities, and essential services.

Move-ins at Racławicka Street are planned for this autumn, with reservations already underway for spaces available from 1 September.