ZDR Public Acquires Two Retail Centers in Austria

ZDR Public is expanding its Austrian footprint. The ZDR Public retail fund is adding two commercial properties in Klagenfurt and Villach — the two largest cities in the Austrian state of Carinthia. Both assets are being acquired from MID Bau, a development and construction firm with a long-standing relationship with the ZDR Investments group.

Dehner — Europe's Leading Garden Center Chain

Both properties are anchored by Dehner, a retailer with over 130 stores across Germany and Austria. The chain offers a broad product range — from gardening supplies and seasonal plants to outdoor furniture, pet care, and home décor. Both centers are fully let, meet Dehner's high operational standards, and benefit from exceptionally long remaining lease terms, with a weighted average unexpired lease term (WAULT) of 11.22 years.

Dehner Klagenfurt

• Lettable area: 6,916 m²
• WAULT: 11.80 years

Dehner Villach

• Lettable area: 6,565 m²
• WAULT: 10.66 years

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ZDR Public Growing in Austria

Both properties join the ZDR Public portfolio, a retail real estate fund open to a broad investor base. The fund targets assets with long-term leases to strong tenants in everyday retail distribution. Following the addition of the Klagenfurt and Villach properties, Austria's share of ZDR Public's total lettable area will grow to 20%.

"Dehner stands for quality and customer loyalty, backed by exceptionally long lease terms — exactly what we look for in Austria. This acquisition is a perfect fit for the ZDR Public portfolio and adds a stable, long-term income stream." Roman Latuske, Partner, ZDR Investments

Austria as a Key Market

The Austrian retail real estate market is among the most resilient in continental Europe. Strong purchasing power and a deep tradition of local retail create ideal conditions for long-term leases with high-quality tenants. ZDR Investments has been systematically building its position as one of the leading foreign retail investors in the region, with assets spanning most of Austria's major commercial areas — Upper and Lower Austria, Salzburg, Carinthia, Styria, and Vienna. Austria currently accounts for 17% of total rent across the entire ZDR Investments group.

Other Austrian acquisitions by the group include two retail parks in Carinthia and Salzburg and projects in Amstetten and PRO Linz.