ZDR Investments, a Czech real estate investment firm focusing on grocery-anchored retail parks across Europe, achieved a net return of 8.22% in 2025 for the “EUR Growth Class” of its “ZDR Master Fund,” which is open to Southeast Asian investors through the Singapore-based “ZDR Investments SG VCC feeder fund.”
In 2021, the fund completed three acquisitions, including its largest retail property in the Czech Republic, Aventin Shopping Jihlava (26,555 sqm; 51.6 million euro), as well as two retail parks in Austria (EUCO Wolfsberg and Eugendorf).
Active lease management resulted in lease extensions across the portfolio, pushing the WALE to 7.5 years. The WALE for grocery retailers, which represent approximately one third of lettable area, is 12.2 years.
ZDR Investments started 2026 with strong momentum, building on a record year in the fund’s eight-year history, by acquiring two additional retail parks in Austria for approximately 70 million euro.
The acquisitions of Amstetten West Retail Park and the PRO Shopping Centre in Linz increase the portfolio to 46 properties valued at approximately 580 million euro. ZDR Investments expects to close over 130 million euro in acquisitions over the next 12 to 18 months, with Austria as a primary growth market.
Through its Singapore-domiciled feeder fund structure, ZDR Investments SG VCC, managed by Euro Asia Asset Management since 2023, accredited investors in Singapore can gain exposure to the firm’s European retail park strategy and access a diversified real estate portfolio with a track record of stable returns.
ZDR Investments CEO David Cubr said, “Retail parks anchored by grocery retailers and essential services have consistently demonstrated resilience during periods of inflation and economic volatility, as demand for everyday goods tends to remain stable.”
Retail parks, in contrast to multi-story shopping centres, are usually outdoor, single-story structures with free parking and easy access to the highway. They benefit from consistent foot traffic and predictable consumer demand, which supports stable occupancy and long-term rental income even during economic downturns.