ZDR QIF strengthens its portfolio with two projects in Austria worth CZK 1.7 billion

ZDR Investments has completed two acquisitions on the Austrian market, both of which will be added to the portfolio of its qualified investors fund, ZDR QIF.

ZDR QIF is expanding its portfolio with two projects in Austria with a total value of CZK 1.7 billion. Both transactions build on the successful cooperation with the Rutter Immobilien Group, from which ZDR Investments acquired the EUCO Wolfsberg and Eugendorf retail parks at the end of 2025.

PRO Linz shopping centre – a distinctive project near the city centre

The new development is being built on the site of the former PRO shopping centre in the Linz district of Urfahr, which forms part of the wider city centre. With more than 24,000 residents, the district is among the most dynamic locations in Upper Austria.

The opening of the shopping centre, which will be among the most modern retail properties in the region in terms of architectural and technical design, is scheduled for 25 June 2026. All 18 retail units have already been fully leased. Nearly 50% of the leasable area will be occupied by grocery tenants BILLA Plus and Lidl, complemented by brands such as dm drogerie, Müller, Action, Takko and Deichmann. The gastronomic offering will include the L’Osteria restaurant and Winkler bakery. A modern fitness facility operated by Speed Fit will provide more than 1,300 sqm of training space.

ZDR Investments has signed an acquisition agreement with Rutter Immobilien under which the property will be transferred to the fund in spring 2027, following the project’s full completion, opening to the public and the issuance of all necessary occupancy permits.

Amstetten West – retail park in the city’s main commercial zone

The Amstetten West retail park is located in the city’s main retail zone. Amstetten serves as a natural commercial hub for a region with more than 100,000 inhabitants. The property underwent a full refurbishment in 2020, including an extension and the addition of new retail units. The transaction value exceeded EUR 11 million.

• Leasable space: 5,038 m²
• WALE: 6.09 years
• Tenants: dm drogerie, Action, Betten Reiter, Takko and more

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The acquisitions of both Amstetten West and the PRO Linz shopping centre further deepen ZDR Investments’ cooperation with the Rutter Immobilien Group, one of Austria’s leading developers specializing in retail properties.

“We have already experienced the quality of their projects through previous transactions – EUCO Wolfsberg and Eugendorf. Amstetten West and the PRO centre in Linz are further proof that this is a developer with consistently high standards,” says David Čubr, CEO of ZDR Investments.