Fifth Acquisition of 2024
A new property, but already the fourteenth JYSK store in ZDR Investments' portfolio, marks the fifth acquisition of this year. The newly acquired JYSK store, located in Vrchlabí, Czechia, was opened in 2022.
JYSK, along with grocery and daily necessities stores, represents a stable segment of our portfolio, characterized by long-term leases. The average weighted lease term (WALE) for the entire JYSK store portfolio is 8.2 years.
"Since the beginning of this year, this is the fifth acquisition directed towards the qualified investors fund. Like the previous ones, this acquisition confirms our intention to invest in stable and long-term leased commercial properties. The JYSK chain, with nearly 17,000 sqm of leased space, accounts for almost 5% of the total leasable area of the ZDR group's international portfolio," said Radek Hladký, partner of the ZDR Investments group.
JYSK Vrchlabí
- Fund: QIF
- Leasable Area: 1 242 sqm
- Year of Opening: 2022
- WALE: 8,44 years
The company JYSK was founded in 1979 in Denmark. Today, it has more than 3,300 stores in 48 countries worldwide and employs over 31,000 people. The company has long been one of the most popular employers in Europe and boasts an above-average profit margin of 10%. For the fiscal year 2023, JYSK reported record revenues of $5.4 billion
