Rijeka Retail Park Expanded, Becoming the Largest Property in the Master Fund

We continue to grow our real estate portfolio - not only through new acquisitions but also via active asset development. In cooperation with the developer MID-Bau, we have just completed the expansion of one of the flagship retail parks in our Master Fund portfolio: Galerija Bakar in Rijeka, Croatia. With this new phase, the retail park has become the largest property within the entire ZDR Investments group.

The newly opened phase adds almost 11,000 m² of leasable space and introduces five new retail units, all of which are fully leased. Among the new tenants are IKEA, German drugstore dm drogerie, fashion retailers New Yorker and Sinsay, and Sport Vision, a specialist in sporting goods and apparel. In addition, a stand-alone McDonald’s has opened as part of the expansion

Galerija Bakar Rijeka (Phase 2)

• Leasable Area: 10,879 m²
• WALE: 7.23 years
• Occupancy: 100 %
• Tenants: IKEA, dm drogerie, McDonald's, Sport Vision, New Yorker, Sinsay‍‍
• ‍Fund: ZDR Investments SICAV (Master Fund)

The new phase was officially opened in early October, with the Mayor of Bakar and representatives of MID-Bau and ZDR Investments in attendance. This second phase of Galerija Bakar was developed together with MID-Bau—the same partner responsible for the original stage of the project.

Located in the rapidly developing Kukuljanovo–Bakar commercial zone, Galerija Bakar stands on a former regional brownfield that has been successfully transformed into a modern retail destination