ZDR Investments
ZDR Investments is a Czech National Bank-regulated real estate fund manager operating three funds (ZDR FKI, ZDR Public, ZDR Industrial) that invest in grocery-anchored retail parks, shopping centers, and light industrial properties across six European countries, serving 21,901 retail and qualified investors with EUR 856 million in assets under management.
- Company typePrivate
- Founded2017
- HeadquartersPraha, Czechia
- Headcount11–50
- GTM typeB2C
- OfferingServices
What ZDR Investments does
ZDR Investments is a Prague-based, Czech National Bank-regulated real estate investment management company founded in 2017 that operates three open-ended investment funds targeting different investor segments. The flagship ZDR FKI (Qualified Investor Fund) requires a minimum investment of CZK 1,000,000 (EUR 125,000) and targets 7-9% annual returns through grocery-anchored retail parks across six European countries. ZDR Public is a retail-accessible fund with minimums of CZK 200 monthly or CZK 10,000 lump sum, targeting 5-7% returns in grocery-anchored retail parks across Czech Republic, Austria, and Slovakia. ZDR Industrial, launched in 2022, is the first Czech retail fund dedicated to light industrial and suburban logistics properties, with minimums of EUR 8 monthly or EUR 400 lump sum. All three funds are managed by ZDR Investments investiční společnost a.s., with the retail funds administered by Conseq Investment Company.
The group's combined portfolio consists of approximately 80 properties with a total value of CZK 21.4 billion (approximately EUR 856 million), 460,508 m² of leasable area, 99.3% occupancy, and a 7.2-year weighted average unexpired lease term (WAULT). The portfolio is anchored by creditworthy grocery and discount tenants (Lidl, Albert, Billa, Tesco, Spar, Penny Market, dm drogerie) and diversifies across retail parks, shopping centers, logistics facilities, and select office buildings in Czech Republic, Austria, Germany, Slovakia, Croatia, and Slovenia. Annual rental income is approximately EUR 68 million, and the group reported a record 8.22% net return for 2025.
ZDR's business model is asset management and fund administration: revenue is generated primarily through rental income from fund-held properties, management fees (1.5% p.a. on ZDR Industrial AUM, with similar fee structures on other funds), and performance fees (30% of capital appreciation above 4% p.a.). Distribution is conducted exclusively through financial and investment advisors and the Conseq investment company, with direct website inquiries routed through a contact form. The company employs 11-50 staff (more than 20 specialists in legal, analytics, marketing, and facility management) and manages investor relations across 21,901 investor accounts. ESG strategy is integrated across all funds, with SFDR Article 8 Light Green classification, 11 BREEAM certificates, 6.6 MWp of installed photovoltaic capacity, and an estimated 3,000 tons of CO₂ savings per year.
ZDR Investments firmographics
Firmographics- Name
- ZDR Investments
- Legal name
- ZDR Investments investiční společnost a.s.
- Website
- https://zdrinvestments.cz
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ZDR Investments is a Czech National Bank-regulated real estate fund manager operating three funds (ZDR FKI, ZDR Public, ZDR Industrial) that invest in grocery-anchored retail parks, shopping centers, and light industrial properties across six European countries, serving 21,901 retail and qualified investors with EUR 856 million in assets under management.
- Ownership category
- akta.pro rank
ZDR Investments industry classification
Industry- Product category
- Commercial Real Estate Fund Management
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Funds — Core (Stabilized, Income) (FSANAEAF)
- akta.pro secondary industry
- Real Estate Funds — Opportunistic / Development (FSANAEAI)
Keywords
Where ZDR Investments is headquartered
LocationHeadquarters
- HQ city
- Praha
- HQ country
- Czechia
- HQ region
- Europe
Offices1 record
Markets served
ZDR Investments business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Rental income from commercial properties: The primary revenue stream is rental income from long-term leased commercial real estate properties including retail parks, shopping centers, logistics facilities, and industrial properties. Returns grow through planned rent increases driven by indexation, optimization of property use, and cost reductions in operations and maintenance.
- Property value appreciation: Capital appreciation from the increase in market value of properties held in the fund portfolios. This is secondary to rental income and subject to market conditions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | ZDR QIF (Qualified Investor Fund) — minimum investment CZK 1,000,000 / EUR 125,000 |
| Subscription | Monthly | ZDR Public retail fund — minimum investment from CZK 200 monthly or CZK 10,000 lump sum |
| Subscription | Monthly | ZDR Industrial fund — minimum investment from CZK 200 monthly or CZK 10,000 lump sum (EUR 8 / EUR 400 equivalent) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
ZDR Investments product offering
Product offeringCore offering
ZDR Investments manages three regulated real estate investment funds that give individual and qualified investors exposure to long-term leased commercial properties across six European countries. The funds invest in grocery-anchored retail parks, shopping centers, and light-industrial/logistics facilities, generating returns from indexation-driven rental income and capital appreciation. Capital is raised from investors (from CZK 200 monthly up to qualified-investor minimums of CZK 1,000,000) and deployed through property acquisitions and active asset management.
Product overview
ZDR Investments operates a platform of three distinct real estate investment funds, each targeting different investor segments and property types. The flagship ZDR FKI (Qualified Investor Fund) is a high-entry fund (minimum CZK 1,000,000) for sophisticated investors, targeting 7–9% annual returns through grocery-anchored retail parks across six European countries. The ZDR Public retail fund (accessible from CZK 200/month) offers 5–7% annual returns, focusing on retail parks in the Czech Republic, Austria, and Slovakia. The ZDR Industrial fund (accessible from EUR 8/month) is the first Czech public fund targeting industrial and logistics properties. All three funds are managed by ZDR Investments investiční společnost a.s. (administered by Conseq) and operate under Czech National Bank supervision. The funds collectively hold 46 properties across six European countries (Czech Republic, Austria, Germany, Slovakia, Croatia, Slovenia) with ~856 million EUR in assets under management, anchored by grocery stores and value-oriented retail tenants, and supported by an integrated ESG strategy with solar installations and BREEAM certifications.
Differentiator
Problem solved
Functional benefit
Brands
- ZDR FKI: Fond kvalifikovaných investorů (Qualified Investor Fund) – invests in long-term leased retail properties with a high share of grocery and discount chains across six European countries. Targeted return 7–9% p.a. Minimum entry investment EUR 125,000 or CZK 1,000,000.
- ZDR Public
- ZDR Industrial
- ZDR Insight
Products and services
- ZDR FKI (Qualified Investor Fund) Qualified investor fund (SICAV) investing in long-term leased retail properties with a strong share of grocery and value-oriented retail chains across six European countries. Minimum entry investment CZK 1,000,000 (EUR 125,000). Targeted annual return 7–9%. Available in CZK and EUR share classes, growth and dividend variants.
- ZDR Public (Retail Fund) Retail real estate fund open to the general public, investing in grocery-anchored retail parks in the Czech Republic, Austria, and Slovakia. Minimum investment CZK 10,000 lump sum or CZK 200 monthly. Targeted annual return 5–7%. Holds approximately 30 properties with a WALE of 6.0 years and around 15,018 investors.
- ZDR Industrial (Industrial Fund) Retail real estate fund open to the public, focused on long-term leased properties for light manufacturing and suburban logistics across Europe. Minimum investment EUR 8 monthly or EUR 400 lump sum. Targeted annual return 5–7%. Holds approximately 4 properties with around 2,481 investors. Management fee 1.5% p.a. and performance fee 30% of capital appreciation above 4% p.a.
Quantifiable outcome
- Net return of 8.22% in 2025
- +3 more outcomes
Companies that use ZDR Investments
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles2 records
ZDR Investments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ZDR Investments partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Signal FestivalminorZDR Investments partnered with Signal Festival, Prague's major light festival, as part of their marketing and brand awareness activities. This partnership aligns with the company's ESG and community engagement initiatives.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
ZDR Investments competitors and assessment
Company assessmentDirect peers
- Jet Investment: Jet Investment is a Czech alternative investment firm managing private equity, real estate and energy funds for qualified investors. Comparable to ZDR FKI as a competing CZ-headquartered QIF/real estate platform with similar investor access model.
- CTP: CTP is one of the largest industrial/logistics real estate developers and owners in CEE, with a Class A park portfolio across CZ, SK, HU, RO, SI and beyond. Directly comparable to ZDR's ZDR Industrial fund strategy focused on long-leased CEE logistics/manufacturing assets.
- AVANT Fund Management: AVANT is a Czech investment management company administering a broad shelf of qualified-investor funds across asset classes including real estate. Comparable to ZDR as a competing CZ-headquartered fund platform serving qualified investors with real estate strategies.
- Contera: Contera is a Czech industrial real estate developer focused on build-to-suit production and logistics facilities for manufacturing tenants in CEE. Comparable to ZDR's industrial segment for tenant mix (e.g., ZF, electronics manufacturers) and long-lease structure.
- REICO (ČS nemovitostní fond): REICO is one of the largest Czech open-end real estate funds, managed by Erste Asset Management and focused on commercial real estate across Central Europe. It is directly comparable to ZDR as a competing retail-access vehicle targeting Czech retail and office assets.
- Redside: Redside is a CEE-focused real estate fund management firm based in Slovakia, managing both qualified-investor and retail-access funds investing in commercial real estate. It overlaps directly with ZDR's QIF, Public, and Industrial product set across CZ/SK markets.
- Accolade: Accolade is a Czech-headquartered industrial real estate developer/investor building and owning Class A logistics and manufacturing parks across CEE. Overlaps with ZDR Industrial on tenant profile, geography, and long-lease logistics thesis.
Broad incumbents
- Tristan Capital Partners: Tristan Capital Partners is a London-based pan-European real estate investment manager running core-plus and value-add funds across the continent, including retail and logistics strategies. Comparable to ZDR as a larger incumbent investor in grocery-anchored and logistics real estate across Europe.
- CPI Property Group: CPI Property Group is one of the largest real estate owners in CEE, with a diversified portfolio of retail, office, residential and hospitality assets across CZ, DE, AT, PL, HU. Comparable to ZDR as a major CZ-headquartered incumbent with overlapping retail property exposure.
Regional players
- Lordship: Lordship Group is a Czech real estate developer and investor active in retail, office and logistics development primarily in the Czech Republic and CEE. Comparable to ZDR for grocery-anchored retail park development and CEE commercial real estate focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ZDR Investments social profiles
Digital presenceZDR Investments financial estimates
Financial estimateRevenue estimate
Valuation estimate
ZDR Investments leadership team
Management profileNumber of profiles
Profiles3 records
ZDR Investments subsidiaries and ownership
Company hierarchySubsidiaries4 records
ZDR Investments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ZDR Investments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ZDR Investments
What does ZDR Investments do?
ZDR Investments manages three regulated real estate investment funds that give individual and qualified investors exposure to long-term leased commercial properties across six European countries. The funds invest in grocery-anchored retail parks, shopping centers, and light-industrial/logistics facilities, generating returns from indexation-driven rental income and capital appreciation. Capital is raised from investors (from CZK 200 monthly up to qualified-investor minimums of CZK 1,000,000) and deployed through property acquisitions and active asset management.
Is ZDR Investments a public or private company?
ZDR Investments is a private company. It is classified as unknown and is currently operating.
When was ZDR Investments founded?
ZDR Investments was founded in 2017. It employs 11 to 50 people.
Where is ZDR Investments based?
ZDR Investments is headquartered in Praha, Czechia, in the Europe region.
How does ZDR Investments make money?
Two revenue lines are on record. Rental income from commercial properties are the primary driver. The others are property value appreciation.
Who are ZDR Investments's main competitors?
Direct peers on record are Jet Investment, CTP, AVANT Fund Management, Contera, REICO (ČS nemovitostní fond), Redside and Accolade. Broad incumbents are Tristan Capital Partners and CPI Property Group. Lordship is listed as a regional player.
Does ZDR Investments have an API?
No public API is recorded for ZDR Investments.
What industry is ZDR Investments in?
ZDR Investments's product category is Commercial Real Estate Fund Management. Its primary akta.pro industry code is FSANAEAF, Real Estate Funds — Core (Stabilized, Income), with a secondary code of FSANAEAI, Real Estate Funds — Opportunistic / Development. Its NAICS code is 5259 and its SIC code is 6799.