Successful Half-Year Concludes with Acquisitions for ZDR QIF and ZDR Public Funds

Four new acquisitions worth a combined CZK 1.8 billion, an extended average lease term, and a marked increase in investor deposits – this is how the first half of 2025 can be summarized for the funds managed by ZDR Investments.

By the end of June, ZDR Investments’ funds held 73 properties with a total value of CZK 17.2 billion. Over the past six months, the portfolio grew with four additions: the second phase of the retail park in Hradec Králové, AVENTIN Shopping Jihlava – one of the largest retail parks in the Czech Republic, the Zeltweg retail park in Austria (acquired through ZDR Public), and the expansion of the Litoměřice retail park with a new KFC restaurant. While the last-mentioned project is smaller in scale, its nearly 18-year lease contract brings exceptional long-term value to the portfolio.

2025 acquisitions

• Retail Park Hradec Králové – Phase II (ZDR QIF)
• AVENTIN Shopping Jihlava (ZDR QIF)
• Retail Park Zeltweg (ZDR Public)
• Extension of Retail Park Litoměřice with KFC (ZDR QIF)

These acquisitions, together with active asset management, lifted the overall WAULT (Weighted Average Unexpired Lease Term) to 7 years. A key driver was the early renewal of lease agreements with major tenants, covering more than one-fifth of the leased area. “The European commercial real estate market is showing strong signs of recovery, and the first half of this year clearly confirmed that trend. Through active portfolio management, we renewed leases ahead of schedule on more than one-fifth of our leased space, significantly increasing the average lease term. With a group-wide WAULT now at seven years, the performance of our funds, the resilience of our existing assets, and successful acquisitions all confirm that long-term leased properties remain an attractive and stable investment opportunity,” says David Čubr, CEO of ZDR Investments.

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Investor interest also strengthened, with the group surpassing 20,000 investors and recording an 80% year-on-year increase in deposits. Fund performance remained fully in line with targeted levels and expectations.

• ZDR Public currently owns 27 properties worth CZK 3.7 billion, with a WAULT of 6.2 years. As of 30 June 2025, it delivered a 12-month yield of 6.44% and a total return of 47.96% since its launch in December 2019.
• ZDR QIF achieved a return of 7.82% over the same period, with a total return of 82.99% since inception in December 2018.
• ZDR Industrial, the retail-focused fund, closed the half-year with a 12-month yield of 6.76% and a total return of 23.65% since its launch in September 2022.

AVENTIN Shopping Jihlava is among the largest retail parks in the Czech Republic. More about this acquisition can be found in a separate article .