ZDR Investments has completed transactions worth CZK 1.8 billion in the first half of the year. It has increased the share of new investments in the group's funds by 80% year-on-year.
The group's portfolio now includes 73 properties, and its value increased to CZK 17.2 billion (€700 million). The portfolio management contributed to extending the average length of leases (WAULT) within the entire group to 7 years.
At the end of June, the portfolio of the retail fund ZDR Investments Public SICAV expanded with a retail park in Zeltweg, Austria. The shopping park with 2,700 sqm of leasable area is fully occupied and has a WAULT of 8.5 years. It is a typical shopping park with a BILLA supermarket and an adjacent discounter. The location benefits from the proximity of the Formula 1 circuit, the Red Bull Ring, which attracts thousands of visitors from all over the region.
The ZDR Public fund currently owns 27 properties with a total value of CZK 3.7 billion (€150 million) and a WAULT of 6.2 years. The yield for the last 12 months reached 6.44%, and the total yield since the foundation (12/2019) of the fund is 47.96%.
In the first half of the year, the ZDR Investments SICAV fund for qualified investors expanded its portfolio with the AVENTIN Shopping Jihlava shopping centre, which is among the three largest properties of the entire investment group and is also the fund's largest acquisition in the Czech Republic.
The ZDR FKI fund has increased the invested funds of its investors by 7.82% over the last 12 months. The total yield since the foundation of the fund (12/2018) is 82.99%.
The return of the retail fund ZDR Industrial over the past 12 months was 6.76% at the end of the half-year; the total return since the fund's inception (09/2022) is 23.65%.
At the turn of August and September, the portfolio of the ZDR Industrial fund will grow with a newly completed modern logistics building. With this acquisition, the fund will strengthen its diversification, and the value of the properties will reach CZK 1 billion (€40.7 million).
"The commercial real estate market in Europe is recovering, and the first half of this year confirmed this. Thanks to the management of our portfolio, we extended the lease agreements for more than a fifth of the leasable area before they expired. The WAULT indicator for the entire group now reaches 7 years," said David Čubr, CEO at ZDR Investments group.
