ZDR Public real estate fund has entered the Austrian market

The real estate fund ZDR Public has made its first acquisition outside the Czech Republic and Slovakia. The new addition to its portfolio is a retail park in the Austrian city of Villach, which opened in 2022, offering a rentable area of 5,503 m² and an above-average lease term WAULT (Weighted Average Unexpired Lease Term) of 6.9 years. This acquisition has strengthened further geographical diversification and emphasized the fund's strategic position in the commercial real estate market.

The Villach retail park is located in the commercial zone of the city with the same name, which is the second-largest city in Carinthia and, due to its location, forms an important crossroads between Austria, Slovenia, and Italy. Customers will find four renowned tenants here – the German chains Müller and TEDi, the Austrian Betten Reiter specializing in home textiles, and Bergspezl, which focuses on sports goods. The retail park also fully aligns with the group's ESG strategy and significantly contributes to emission reductions. Its rooftop is covered with photovoltaic panels with an installed capacity of 337 kWp, generating 248 MWh of electricity annually.

"We are pleased to have successfully completed this transaction, which represents another milestone for our Public retail fund as we enter a new market. By expanding the portfolio into Austria, we are not only strengthening our international presence but also increasing the geographical diversification of the fund, contributing to its stability and income potential. We have already proven the functionality of the Austrian market within the portfolio of our fund for qualified investors," said Roman Latuske, partner at the investment company ZDR Investments.

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