Philippine-based unicorn developer Revolution Precrafted has sealed a $460-million contract to supply residential and hotel villas and other resort facilities in an eco-resort development near Rio de Janeiro in Brazil.
In a statement, the property-technology firm said it will be building designer homes and eco-friendly villas on a property located on an expansive 80-hectare eco-resort development in the northeast mountain region near Petropolis.
Revolution Precrafted said it will partner with iconic architects to design and supply one to three-bedroom homes and units measuring 50 to 200 square meters.
The Philippine firm will also supply medium-sized resort homes measuring 100 to 300 square meters. Construction of units is expected to begin on the first quarter of 2019.
“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 Revolution Precrafted Founder and CEO Robbie Antonio.
Brazil becomes the 16th international market for Revolution Precrafted, which has recently expanded to South and Central America, the Caribbean, Middle East, and Europe.
Over the past six months, it 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 landed a deal to build 85 luxury resort villas in Okinawa, Japan and 2,000 housing project 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.