We achieved our most successful year ever
The performance of the ZDR Investments SICAV a.s. Qualified Investor Fund for 2021 in investment class A (growth shares in CZK) was 8.38 %. For the fourth consecutive year, the fund has provided its investors with stable return. Investment class C (growth shares in EUR) showed an annual appreciation of 8.32 % for this fund.
The ZDR Investments Public SICAV a.s. retail fund outperformed the very successful 2020 fund in 2021 and delivered a return of 6.69 % to its investors.
Both real estate funds rank among the best-performing funds in their category and the ZDR Investments Group continues to fulfil its ambition to become a long-term leader in real estate funds investing in commercial real estate.
During 2021, ZDR Investments Group made 15 more acquisitions with a total value of CZK 4.4 billion. The value of the real estate portfolio thus increased by more than 85% year-on-year to CZK 9 billion.
Roman Latuske, partner of ZDR Investments, comments on the results of the ZDR Investments real estate funds:
"The year 2021 was a jubilee year for the ZDR Investments group in several respects. At the end of the year we managed to complete the acquisition of our 50th property, we generated the highest ever appreciation for both our real estate funds and last but not least we made progress in our international expansion by entering the German and Croatian markets. We continue to build a diversified portfolio of commercial real estate generating stable returns. We continue to focus our attention primarily on regional discount retail parks with a predominance of grocery stores.
In our Qualified Investor Fund, the share of grocery-anchored tenants in total retail in the Czech Republic increased to 70% during 2021. The stability of our funds' real estate portfolio is also confirmed by the average remaining lease length of over 7 years, which is one of the longest in the market compared to other funds."