News Article Czech Republic Demaco Erste Bank investment lease Schott transaction warehouse. investment
by Věra Tůmová | Investment

Thanks to new financing from  Erste / Česká spořitelna, Demaco was able to conclude a new contract with Schott. Demaco believes that this contract will bring even more investment to the region and the town of Valašské Meziříčí, the company´s CFO Zdeněk Raus told Property Forum.

This week, Demaco, a general contractor of premium, industrial halls and parks, concluded a 7-year real estate investment financing contract with Erste / Česká spořitelna bank. Thanks to this contract for the acquisition of production and warehouse space, Demaco was also able to sign an S&L transaction with Schott, a company specialising in glass, ceramics and concrete.

According to Zdeněk Raus, Demaco's CFO and partner, this is a significant agreement, especially for the regions of Valašské Meziříčí and Rožnov pod Radhoštěm. These are two small towns with about 16 - 22 thousand inhabitants in the Vsetín District in the Zlín Region of the Czech Republic. "I believe that this long-term partnership will bring new investments to a significant part of the city of Valašské Meziříčí. It may be new construction, but it may also be an overall upliftment of the area where the premises are located," Raus notes.

In 2022, Demaco plans to build in the East Bohemia, Pilsen, South Moravia, Zlín and Moravia-Silesia regions on an area of more than 90,000 sqm. The total planned amount of investments until 2023 should reach up to CZK 1.5 billion. According to Zdeněk Raus's statement to Property Forum, the current war crisis should not have any impact on these plans yet. "We plan to continue to develop at the anticipated volume."