Master Fund

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About the Fund

ZDR Investments SICAV is licensed by the Czech National Bank as an Alternative Investment Fund. The term ‘SICAV’ originated in Luxembourg and refers to strictly regulated open-ended collective investment schemes that operate similarly to mutual funds. SICAVs are increasingly being cross-border marketed in the EU under the UCITS directive. 

Since its establishment in 2017, the ZDR Investments SICAV has become one of the largest Czech funds focused on grocery retail parks. It has a highly diversified portfolio in growth markets in 5 European countries. The anchor tenants are multinational grocery chains, discounters and other essential retailers. 

You can now also participate in the European real estate portfolio of this master fund through our Singapore-registered feeder fund ZDR Investment SG VCC.

41

NUMBER OF PROPERTIES

6.3 Years

WALE


239,733 sqm

LEASABLE AREA

435 Mio. €

ASSET VALUE

Master Fund Performance

      chart

      Class C investment shares return (EUR growth)

      Class A investment shares return (CZK growth)

      Fund Overview


      Name

      ZDR Investments SICAV a.s.
      Sub-fund ZDR, Sub-Fund Real Estate

      Legal form
      Company limited by shares with variable share capital

      Share class currency
      Investment shares

      Fund currency

      EUR


      Share class

      class S (growth EUR)


      Valuation frequency
      Value of the shares is determined monthly

      Recommendation investment horizon
      5 years and more

      Targeted net return
      7-9% per annum 

      Fund manager and administrator
      CODYA investiční společnost, a.s.

      Custodian

      Česká spořitelna, a.s.  (part of Erste Group Bank)


      Auditor

      TPA Audit s.r.o.


      Valuation of assets

      Grant Thorton Appraisal services a.s.


      Lock-up period

      3 years from subscription of investment shares


      Management fee
      0.75% per annum

      Performance fee
      30% of fund’s capital appreciation exceeding 5% per annum

      Properties in Portfolio

      Retail park Slovenj Gradec

      Retail park Slovenj Gradec

      Retail park Ravne

      Retail park Ravne

      Retail park Prevalje

      Retail park Prevalje

      Retail park Voitsberg II

      Retail park Voitsberg II

      Galerija Bakar Rijeka

      Galerija Bakar Rijeka

      Retail park Voitsberg

      Retail park Voitsberg

      Retail park Voitsberg III

      Retail park Voitsberg III

      Retail park Schwörstadt

      Retail park Schwörstadt

      Retail park Komárno

      Retail park Komárno

      Retail park Pula

      Retail park Pula