Revolution Precrafted closes US$460 million eco-resort deal in Brazil

Fri Jul 13, 2018 - 6:52am UTC
Revolution Precrafted
Revolution Precrafted closes US$460 million eco-resort deal in Brazil

Revolution Precrafted

13/7/2018 – Revolution Precrafted, a property tech company based in the Philippines continues its global expansion campaign, this time bagging a US$460 million contract to supply residential, hotel villas, and other resort facilities in Brazil.

This will make Brazil the 16th international market for the property firm, which only signed a US$300 million dealership agreement with Novo Development Ltd to build 1000 homes in the Caribbean nations last month.

Over the past six months, the firm has bagged over US$7.6 billion worth of big tickets projects including the US$3.2 billion partnership with seven tides, for “The World Islands” in Dubai, and the US$1.2 billion Okkyin project in Myanmar with KT Group.

For the Brazil project, the development will be located on an expansive 80-hectare eco-resort development situated an hour away from Rio de Janeiro, in the northeast mountain region near Petrópolis.

Under the agreement, Revolution Precrafted will be building high and quality eco-sustainable designer homes and eco-friendly villas.

The firm plans to use iconic architects to design and supply 1 to 3 bedroom homes and units measuring 50 to 200 square meters, as well as medium-sized resort homes measuring 100 to 300 square meters.

“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,” said Robbie Antonio, the CEO of Revolution Precrafted.

Revolution Precrafted is a global supplier of designers, limited edition homes, pavilions, retail spaces, and related structures.

Construction of units is expected to begin in the first quarter of 2019.

This news is published on Reuters.

Vivian Foo is a reporter who writes about Southeast Asia’s technology and startup space. The entry point which led her to write about the startup ecosystem was her fascination of the dot-com boom. She is taking a deep dive into how the entrepreneurial mindset works and hopes to share the insights, innovation, and stories of the startups with her readers.