2025 was a record year for the ZDR Investments Group

We closed 2025 with stable results across all three funds, record acquisitions, and the highest year-on-year increase in the number of investors, which reached 21,900 by year-end. The value of the real estate portfolio totalled CZK 20.1 billion.

As of 31 December 2025, the ZDR Investments portfolio comprised 77 properties across six European countries, with a total value of CZK 20.1 billion. Annual rental income reached CZK 1.4 billion.

ZDR FKI - eight years of consistent performance

Return over 12 months as of 31 December 2025:

• 8.10% (A Class, CZK)
• 8.22% (C Class, EUR)

Thanks to systematic work with tenants and proactive lease extensions, the fund achieved a significant increase in WAULT last year, one of the key indicators of portfolio stability. For grocery chains, which account for nearly one third of the total lettable area, the average remaining lease term exceeded 12 years.

In 2025, the fund also significantly expanded its portfolio with the acquisition of its largest property in the Czech Republic, the Aventin Shopping Jihlava retail park. Towards the end of the year, the fund further strengthened its position in the Austrian market through two major acquisitions, the EUCO Wolfsberg project and the Eugendorf retail park, building on its long-term presence in the country. The total value of assets under management reached CZK 14.2 billion by year-end.

ZDR Public - the largest acquisition in its history

Return over 12 months as of 31 December 2025:

• 6.27%
  

In 2025, the ZDR Public retail fund celebrated six years since its launch and surpassed a cumulative return of 50%. A key milestone of the year was the acquisition of Aventin Shopping Znojmo, which became the largest transaction in the history of ZDR Public, along with the strengthening of the Austrian segment of the portfolio through the acquisition of a retail park in Zeltweg. Austrian properties now account for nearly 10% of the fund’s total lettable area.

ZDR Industrial - exceeded a portfolio value of CZK 1 billion

Return over 12 months as of 31 December 2025:

• 6.85% (I1 Class, CZK)
• 10.82% (I2 Class, EUR)
  

For ZDR Industrial, 2025 was significant not only in terms of returns, but also acquisitions. The expansion of the fund’s portfolio with the modern LOGspot logistics park in Logatec, Slovenia, marked the fund’s entry into a new country and pushed the value of assets under management beyond CZK 1 billion. By year-end, the number of investors exceeded 2,000, confirming growing confidence in both the sector and the fund’s strategy.

Growing investor confidence is also highlighted by David Čubr, CEO of ZDR Investments: “2025 was not only about returns for us, but above all about confirming the right direction of our strategy. The fact that investors entrusted us with the highest volume of capital in our history last year is a strong vote of confidence in this approach. The funds’ results, successful acquisitions, and the recognition at The Prime Real Estate Awards for the ZDR FKI fund further confirm the systematic work of the entire team.”