Czech group of real estate funds ZDR Investments has strengthened its position in the Slovak market. The company has acquired a retail park in Topoľčany for its Public fund. The acquisition expanded the Group’s portfolio to 64 properties with a total value of more than €516 million, ZDR announced.
A wide range of tenants operates their retail units in the Topoľčany retail park with a leasable area of almost 9,000 sqm. Among the largest of them are the grocery chain Billa and the Danish chain JYSK. They are complemented by INTERSPORT, PLANEO Elektro, GATE, dm drogerie, Pepco and KiK discount stores, and others.
Tomáš Hozlár, Director of Acquisitions at ZDR Group, commented on the purchase: “This acquisition strengthens our position in the region and adds another attractive, high-value property to our portfolio. In addition, we are already experiencing increased tenant demand for additional retail units, and we are beginning discussions on the possibility of expanding the retail park with a new, follow-on phase.”
The ZDR investment group started its expansion into the Slovak market in 2019. In the same year, it established a Public fund focusing exclusively on investments in regional discount retail parks in the Czech Republic and Slovakia. Real estate in the Slovak Republic accounts for 18% of the Group's portfolio and 32% of the Public Fund’s portfolio.
