ZDR Investments completes two retail park acquisitions in Austria

ZDR Investments has completed a major acquisition in Austria, adding two modern retail assets to its portfolio shortly before year-end. The transaction comprises the newly refurbished EUCO Wolfsberg retail park and a retail park located in Eugendorf near Salzburg. Both properties were acquired as a single investment package from the well-established developer Rutter Immobilien and will be incorporated into the ZDR QIF (Qualified Investors Fund).

The acquisition marks another milestone in the long-term investment strategy of the ZDR QIF, which focuses on stable retail assets anchored by strong tenants and supported by long-term lease agreements. Both Austrian properties fully meet the fund’s investment criteria and further enhance the geographic diversification and resilience of the portfolio.

EUCO Wolfsberg

EUCO Wolfsberg underwent a comprehensive refurbishment in 2024 and offers a total lettable area of 5,174 sqm. The asset benefits from an exceptionally long weighted average unexpired lease term (WAULT) of 24.5 years, providing a high level of income stability and long-term visibility of cash flows. Located adjacent to an existing retail park owned by the fund since 2020, the property forms a compact and well-established retail cluster with additional development potential.

EUCO Wolfsberg – key figures:

• Transaction value: EUR 16 million
• Lettable area: 5,174 sqm
• WAULT: 24.5 years
• Tenants: ADEG (REWE Group), dm drogerie, Fressnapf and others
• Sustainability features: electric vehicle charging stations

Eugendorf Retail Park

The second asset is located in close proximity to Salzburg and directly adjacent to the A1 motorway, one of Austria’s key transport corridors. The Eugendorf retail park provides 5,626 sqm of lettable space and is anchored by the Müller retail chain, occupying nearly 2,500 sqm. Additional tenants include Hervis, Subway and other established brands. The property underwent a comprehensive refurbishment in 2025.

Eugendorf retail park – key figures:

• Transaction value: EUR 19 million
• Lettable area: 5,626 sqm
• WAULT: 10.2 years
• Tenants: Müller, Hervis, Subway and others

“These acquisitions in Eugendorf and Wolfsberg fit perfectly within the investment strategy of the ZDR QIF. They are high-quality assets with strong tenants and long-term lease agreements, which further enhance the stability and income-generating potential of the portfolio. In the case of EUCO Wolfsberg, the proximity to our existing asset creates additional synergies and strengthens the overall retail cluster. We also highly appreciate the quality and consistency with which Rutter Immobilien delivers its projects,” says David Čubr, CEO of ZDR Investments.

ZDR QIF is the largest fund within the ZDR Investments group and currently manages 45 properties across six European countries, with a total portfolio value exceeding CZK 14 billion. The portfolio primarily consists of retail parks anchored by grocery stores and discount retailers, which have consistently maintained near-full occupancy over the long term.