Revolution Precrafted bags $460-M contract in Brazil
Revolution Precrafted, which designs and builds prefabricated structures for clients around the world, announced a deal to supply homes and hotel villas in Brazil.
The company, founded by Filipino businessman Robbie Antonio, said the contract in Brazil was worth $460 million and would be located in an 80-hectare eco-resort development near Rio de Janeiro.
Revolution Precrafted said the contract involved the supply of “high end quality eco-sustainable designer homes and eco-friendly villas.”
Specifically, it will design and supply one to three-bedroom homes and units measuring 50 to 200 square meters. It will also be supplying medium sized resort homes measuring 100 to 300 square meters each.
Construction of the units is expected to begin in the first quarter of 2019, it said.
“We envision the project to be one of our landmark developments in South America. It showcases our passion for eco-sustainable developments that boast environmental conscience, design and functionality,” Antonio said in a statement.
Its project in Brazil marks its 16th international market.
Over the past six months, Revolution Precrafted has bagged over $7.6 billion worth of big tickets projects including the $3.2-billion partnership with Seven Tide, for “The World Islands” in Dubai, and the $1.2-billion Okkyin project in Myanmar with KT Group.
Last month, it signed a $300-million dealership agreement with Novo Development Ltd. to build at least 1,000 homes in the Caribbean nations of Trinidad and Guyana, Jamaica and the Bahamas.
It also won a deal to build 85 luxury resort villas in Okinawa, Japan and 2,000 housing units in Puerto Rico with Grupo Cacho. It also recently announced its franchise agreement to supply mid-income homes in El Salvador, Ecuador and a 500-unit project in Bahrain.
In Europe, it has won supply deals in Spain and Cyprus while in the Philippines, it has partnered with Century Limitless Corp., which is part of Century Properties Group Inc., the listed builder owned by the Antonio family. —MIGUEL R. CAMUS
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