ZDR Investments expands Austrian exposure with two retail park acquisitions

ZDR Investments has expanded its European retail portfolio through the acquisition of two established retail parks in Austria. The assets, EUCO Wolfsberg and Eugendorf Retail Park near Salzburg, were acquired as a combined transaction from developer Rutter Immobilien and have been added to the ZDR Master Fund.

The transaction reinforces the fund’s focus on income-generating retail assets in resilient locations. Both properties are anchored by well-known international tenants and benefit from long-term lease structures, supporting stable cash flows and downside protection across market cycles.

EUCO Wolfsberg – exceptional WALE of 24.5 years

EUCO Wolfsberg was comprehensively refurbished in 2024 and provides 5,174 sq m of lettable retail space. The asset is distinguished by an exceptionally long WALE of 24.5 years, providing a high level of income stability and long-term visibility of cash flows. Its immediate proximity to an existing ZDR-owned retail park creates operational and strategic synergies, forming a consolidated retail destination within the Wolfsberg catchment area.

Asset highlights

• Transaction value: EUR 16 million

• Lettable area: 5,174 sq m

• WALE: 24.5 years

• Key tenants: ADEG (REWE Group), dm drogerie, Fressnapf

• Sustainability features: EV charging infrastructure

Eugendorf Retail Park – strategic location near a key motorway

Located near Salzburg with direct access to the A1 motorway, Eugendorf Retail Park serves a strong regional catchment supported by high traffic volumes. The property offers 5,626 sq m of lettable space and is anchored by Müller, occupying approximately 2,500 sq m. The tenant mix is complemented by brands such as Hervis (sports goods) and Subway. The asset underwent a major refurbishment in 2025.

Asset highlights

• Transaction value: EUR 19 million

• Lettable area: 5,626 sq m

• WALE: 10.2 years

• Key tenants: Müller, Hervis, Subway and others

The ZDR Master Fund is the flagship fund of ZDR Investments and manages a diversified portfolio of 45 commercial properties across six European countries, with a total asset value exceeding CZK 14 billion. The fund focuses primarily on grocery-anchored and convenience-led retail parks that demonstrate high occupancy rates and resilient performance across economic cycles.