You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Croatia's Facies in 300 mln kuna (40 mln euro) deal to build first phase of Rimac's campus - report

Author Annie Tsoneva
Croatia's Facies in 300 mln kuna  (40 mln euro) deal to build first phase of Rimac's campus - report Croatia's Rimac 200 mln euro campus near Zagreb Source: Rimac

ZAGREB (Croatia), August 13 (SeeNews) – Croatian construction company Facies has won a deal to build the initial phase, estimated at 300 million kuna ($47 million/40 million euro), of a planned 200 million euro worth ($236 million) campus of electric vehicle developer and manufacturer Rimac Automobili, local media reported on Friday.

The first phase comprises the construction of production and research units spreading on some 90,000 square metres, with an estimated deadline for completion at the end of next year, business daily Poslovni Dnevnik reported on Friday.

Local individual Josip Mandic is the founder and CEO of Strmec-based Facies. The company has some 80 employees, according to the media report.

The construction of the campus is considered one of the largest recent investments in Croatia. Reportedly, around 10 companies have applied to provide construction works, including some of the largest sector players including Kamgrad, Strabag and Radnik.

The campus will be located near Rimac's current headquarters in Sveta Nedelja, close to the capital Zagreb. It has been designed by local architecture company 3LHD.

Rimac Automobili unveiled in April its plan to build the campus, which will be capable of accommodating over 2,500 employees, in order to support its long-term growth plans over the next decade and beyond.

In July, Rimac Automobili said it will team up with German carmaker Volkswagen in a 55:45 joint venture, Bugatti Rimac, as Rimac will take over the French automotive brand Bugatti.

(1 euro= 7.499 Croatian kuna)

Compare